The typical asking rate per listing is in the $20's per square foot per year. The Old Market region is experiencing a a boost in rates. In the last 3 months, the median rate rose $1 per sqft per year. That's a 6% increase 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 submarket.
In the last 90 days, 2 listings have been listed, which means office spaces are probably going fast. You'll want to be prepared to tour spaces as quick as possible. 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 125,250 sqft, there are still 0 spaces below 2,000 sqft. Most buildings in this region are close to 7 floors. Most buildings in this area 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 residents 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.