The typical asking rate per listing is in the $20's per square foot per year. The Old Market submarket is seeing a decline in rates. In the last 3 months, the median rate fell $61 per sqft per year. That's a 73% decrease in rent.
Compared to the rest of the Omaha market, the Old Market region has higher rates, and you'll need to pay a premium to be in this hot region.
In the last 90 days, 5 listings have come on the market, which means new listings are probably leasing quickly. You'll want to be prepared to tour spaces as quick as possible. There aren't many listings below 2,000 square feet on the market, so finding a space for a small business might be tough.
The standard measurement for office space in this area is around 2,000 sqft. Most buildings in this market are approximately 7 stories. Most buildings in this area were built in 1917 and are Class A.
Not much of the real estate is used for commercial space, so it might be hard to find office space. Finance and insurance are the dominant industries in this region. Most of the residents of Old Market work from home. Commuting under 5 minutes a day is the norm for those who opt to reside in this part of town.