The typical asking rate per listing is in the $20's per square foot per year. The Downtown Omaha submarket is experiencing a an increase in rates. In the last 3 months, the median rate went up $2 per sqft per year. That's a 9% rise in rent.
Compared to the rest of the Omaha market, the Downtown Omaha region has greater rates, and you'll need to make a great offer to be in this hot region.
In the last 90 days, 15 listings have been made available, which means spaces might be going fast. You'll want to be prepared to make an offer immediately. About 13% of the available leases in the Downtown Omaha are subleases, so you might be able to find a shorter term or below market rent. 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 buildings in this market are around 6 floors. Most buildings in this market were built in 1924 and are Class B.
Health care is the dominant industry in this market. Most of the occupants 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.