Most listings are in the $50's per square foot per year. The Underwood Avenue region is seeing a a rise in rates. In the last 3 months, the median rate increased $5 per sqft per year. That's a 10% increase in rent.
Compared to the rest of the Omaha market, the Underwood Avenue submarket has more expensive rates, and you'll need to pay a premium to be in this hot region.
In the last 90 days, 12 listings have come on the market, which means office spaces might be going fast. You'll want to be prepared to make an offer immediately. About 33% of the available leases in the Underwood Avenue are subleases, so you might be able to snag a great spot on a short term. There aren't many listings below 2,000 square feet posted, so finding a space for a small business might be tough.
The standard measurement for office space in this area is around 210 sqft. Most properties in this region are around 3 stories. Most buildings in this region were built in 1950 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 area. Commute by public transit is the most popular way to get to work amongst Underwood Avenue folk. Commuting between 30 and 45 minutes a day is the norm for those who opt to reside in this part of town.