The typical asking rate per listing is in the $10's per square foot per year. The Underwood Avenue region is going through a an increase in rates. In the last 3 months, the median rate rose $16 per sqft per year.
Compared to the rest of the Omaha market, the Underwood Avenue region has less expensive rates, so you should have no trouble finding a great deal in this undervalued submarket.
In the last 90 days, 11 listings have been posted online, which means new availabilities are probably leasing quickly. You'll want to be prepared to make an offer immediately. About 27% of the listings in the Underwood Avenue are subleases, so you might be able to find a shorter term or below market rent. There aren't many listings below 2,000 square feet posted, so finding a space for a small business might be tough.
The standard measurement for office space in this area is around 1,420 sqft. Most buildings in this area are around 3 floors. 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 residents. Commuting between 30 and 45 minutes a day is the norm for those who opt to reside in this part of town.