The typical asking rate per listing is in the $20's per square foot per year. The Underwood Avenue region is going through a an increase in rates. In the last 3 months, the median rate rose $24 per sqft per year. That's a Inf% rise in rent.
Compared to the rest of the Omaha market, the Underwood Avenue region has greater rates, and you'll need to make a great offer to be in this hot submarket.
In the last 90 days, 5 listings have been posted online, which means office spaces most likley are leasing quickly. You'll want to be prepared to tour spaces as quick as possible. About 20% 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 600 sqft. Most buildings in this market are approximately 4 stories. Most buildings in this region were built in 1967 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 region. 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.