On average, listings lease in the $20's per square foot per year. The Downtown Omaha region is experiencing a a rise in rates. In the last 3 months, the median rate increased $2 per sqft per year. That's a 9% rise in rent.
Compared to the rest of the Omaha market, the Downtown Omaha submarket has greater rates, and you'll have to negotiate above asking rent to be in this hot region.
In the last 90 days, 14 listings have been made available, which means listings are probably leasing quickly. You'll want to be prepared to tour spaces as quick as possible. About 14% of the available leases in the Downtown Omaha 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 posted, so finding a space for a small business might be tough.
Even though the median size is 13,810 sqft, there are still 0 new listings below 2,000 sqft. Most properties in this region are around 6 floors. Most buildings in this region were built in 1924 and are Class A.
Health care is the dominant industry in this market. Most of the folk of Downtown Omaha work from home. Commuting between 20 and 25 minutes a day is the norm for those who opt to reside in this part of town.