Millard Sublease

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

On average, listings lease in the $20's per square foot per year. The Millard submarket is going through a a rise in rates. In the last 3 months, the median rate increased $1 per sqft per year. That's a 5% rise in rent.

Compared to the rest of the Omaha market, the Millard region has more expensive rates, and you'll have to negotiate above asking rent to be in this hot region.

Millard Listing Supply

In the last 90 days, 34 listings have been listed, which means spaces are probably going fast. You'll want to be prepared to tour spaces as quick as possible. About 3% of the available space in the Millard are subleases, so you will probably have to focus your search on direct office leases. There aren't many listings below 2,000 square feet available, so finding a space for a small business might be tough.

Even though the median size is 3,250 sqft, there are still 0 office spaces below 2,000 sqft. Most buildings in this market are around 2 stories. Most buildings in this region 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 approximately 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