Most listings are in the $10's per square foot per year. The Underwood Avenue region is seeing a an increase in rates. In the last 3 months, the median rate rose $0 per sqft per year. That's a 0% increase in rent.
Compared to the rest of the Omaha market, the Underwood Avenue submarket has lower rates, so you should have no trouble finding a great deal in this discounted submarket.
In the last 90 days, 11 listings have been posted online, which means new listings are probably leasing quickly. You'll want to be prepared to make an offer immediately. About 9% of the available leases in the Underwood Avenue are subleases, so you will probably have to consider a longer term lease. There aren't many listings below 2,000 square feet available, so finding a space for a small business might be tough.
The standard measurement for office space in this area is around 1,650 sqft. Most properties in this region are approximately 3 stories. Most buildings in this region were built in 1950 and are Class B.
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 market. 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.