Midtown Office Space

Midtown

Office Space Market Report

Number of Listings (last 90 days)
7
Median Rate ($/sqft/yr)
$29
Median Size (sqft)
37,500
As of: June 21, 2017

Midtown Rates

Most listings are in the $20's per square foot per year. The Midtown region is seeing a a boost in rates. In the last 3 months, the median rate went up $29 per sqft per year.

Compared to the rest of the Omaha market, the Midtown region has higher rates, and you'll need to make a great offer to be in this hot region.

Midtown Listing Supply

In the last 90 days, 7 listings have come on the market, which means new listings might be going fast. You'll want to be prepared to make an offer immediately. About 114% of the available leases in the Midtown are subleases, so you might be able to sign a shorter term by taking over a previous lease. There aren't many listings below 2,000 square feet available, so finding a space for a small business might be tough.

Even though the median size is 37,500 sqft, there are still 0 spaces below 2,000 sqft. Most properties in this market are around 2 stories. Most buildings in this market were built in 1946 and are Class A.

Midtown Community

Not much of the real estate is used for commercial space, so it might be hard to find office space. Arts, entertainment, and restaurants are the dominant industries in this region. Commute by walking is the most popular way to get to work amongst Midtown folk. Commuting close to 10 minutes a day is the norm for those who opt to reside in this part of town.

Market Report

Trends and status of the commercial real estate market in Midtown.
Market Report

Market Data

Real time and historical data on commercial real estate listings in Midtown.
Research