On average, listings lease in the $80's per square foot per year. The Old Market region is going through a decrease in rates. In the last 3 months, the median rate decreased $7 per sqft per year. That's a 8% decrease in rent.
Compared to the rest of the Omaha market, the Old Market submarket has more expensive rates, and you'll need to pay a premium to be in this hot region.
In the last 90 days, 10 listings have been posted online, which means new availabilities are probably leasing quickly. You'll want to be prepared to make an offer immediately. There aren't many listings below 2,000 square feet on the market, so finding a space for a small business might be tough.
The standard measurement for office space in this area is around 400 sqft. Most buildings in this area are approximately 7 stories. Most buildings in this region were built in 1917 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. Most of the folk of Old Market work from home. Commuting under 5 minutes a day is the norm for those who opt to reside in this part of town.