On average, listings lease in the $20's per square foot per year. The Downtown Omaha region is experiencing a decline in rates. In the last 3 months, the median rate decreased $2 per sqft per year. That's a 8% decline in rent.
Compared to the rest of the Omaha market, the Downtown Omaha submarket has greater rates, and you'll need to make a great offer to be in this hot region.
In the last 90 days, 4 listings have been listed, which means spaces are probably going fast. You'll want to be prepared to make an offer immediately. 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 9,470 sqft, there are still 0 leases below 2,000 sqft. Most buildings in this region are close to 6 stories. Most buildings in this market were built in 1917 and are Class B.
This market is fairly equally mixed residential and commercial. 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.