Millard Retail

Millard

Office Space Market Report

Number of Listings (last 90 days)
34
Median Rate ($/sqft/yr)
$25
Median Size (sqft)
3,250
As of: May 21, 2017

Millard Rates

The typical asking rate per listing is in the $20's per square foot per year. The Millard region is seeing a an increase in rates. In the last 3 months, the median rate rose $1 per sqft per year. That's a 5% increase in rent.

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

Millard Listing Supply

In the last 90 days, 34 listings have been posted online, which means listings are probably leasing quickly. You'll want to be prepared to tour spaces as quick as possible. About 3% of the available leases in the Millard are subleases, so you will probably need to consider the implications of signing a direct lease with the building. There aren't many listings below 2,000 square feet on the market, so finding a space for a small business might be tough.

Even though the median size is 3,250 sqft, there are still 0 leases below 2,000 sqft. Most properties in this market are around 2 stories. Most buildings in this area were built in 1995 and are Class B.

Millard Community

Not much of the real estate is used for commercial space, so it might be hard to find office space. Public administration is the dominant industry in this area. Most of the occupants of Millard work from home. Commuting around an hour 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 Millard.
Market Report

Market Data

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