Most listings are in the $10's per square foot per year. The Old Millard East submarket is seeing a decline in rates. In the last 3 months, the median rate decreased $10 per sqft per year. That's a 42% decline in rent.
Compared to the rest of the Omaha market, the Old Millard East region has smaller rates, so you should have no trouble finding a great deal in this discounted submarket.
In the last 90 days, 7 listings have come on the market, which means office spaces are probably going fast. You'll want to be prepared to make an offer immediately. There aren't many listings below 2,000 square feet posted, so finding a space for a small business might be tough.
Even though the median size is 3,250 sqft, there are still 0 new listings below 2,000 sqft. Most properties in this area are approximately 2 floors. Most buildings in this market were built in 1976 and are Class B.
Not much of the real estate is used for commercial space, so it might be hard to find office space. Manufacturing is the dominant industry in this market. Most of the residents of Old Millard East work from home. Commuting between 30 and 45 minutes a day is the norm for those who opt to reside in this part of town.