Omaha Office Rent Price & Sales Report

2024 Office Space Rent & Sales

  • $20.63 2024 Avg. Asking Rent
  • 11.57% 2024 Office Vacancy Rate
  • $182.5M2024 Total Office Sales
  • $250.35Avg. Sale Price/SF

Omaha office price per square foot in 2024 was $20.63 on average. The local office market recorded an average vacancy rate of 11.57% across all asset classes combined. The 6 transactions that closed here throughout 2024 amounted to a total sale volume of $182.5M. Omaha office space commanded an average sale price per square foot of $250.35.

See how this market compares to the national average: U.S. office space rent & sales.

Average Rent by Office Class

2024 Average Office Rent per Square Foot

  • Omaha Class A & A+ Office Space$24.07
  • Omaha Class B Office Space$19.24
  • Omaha Class C Office Space$10.33
  • Nebraska Class A & A+ Office Space$24.32
  • Nebraska Class B Office Space$17.78
  • Nebraska Class C Office Space$10.75

Omaha, NE Office Asking Rents by Class

Average office rent in Omaha rested at $20.63 per square foot in 2024. As would be expected, office rent price showed some variation from one asset class to another. As such, the asking rent for class A office space in Omaha averaged $24.07 per square foot. Across all submarkets, class B office space recorded an average asking rent of $19.24 per square foot. Meanwhile, assets encompassing class C office space saw asking rents of $10.33 per square foot, on average. Comparably, statewide Nebraska average office rents by class in 2024 were: $24.32 per square foot for class A office space; $17.78 per square foot for class B office space; $10.75 per square foot for class C office space.

2024 Office Vacancy Rates in Omaha

Submarket Asking Rents Vacancy Rates
Downtown $26.03 5.33%
West Dodge Corridor $22.35 14.00%
South Central $20.35 7.44%
Southwest $19.15 5.20%
Northwest $14.71 37.36%
Southeast $13.01 19.20%
Northeast $12.50 6.02%
Data provided by Commercial Edge
Submarket differences in factors such as property mix, degree of accessibility, and availability of amenities influence not only variation in office rent price, but also in vacancy rates. The overall office vacancy rate on the Omaha market was 11.57% in 2024. Looking at the market stats on a more granular level, data shows that the lowest office vacancy rate in Omaha was 5.20% in the Southwest submarket, while the highest office vacancy in the market was 37.36%, recorded in Northwest.

Omaha Office Sale Price per SF

  • $250.352024 Avg. Price per SF
  • $182.5M2024 Office Sales Volume
  • 62024 Number of Transactions

Omaha, NE Sale Price per SF Trend

  • Omaha Avg. Sale Price per SF in 2024$250.35
  • Nebraska Avg. Sale Price per SF in 2024$241.46
The sale price for office space in Omaha averaged $250.35 per square foot in 2024, across all market subdivisions and asset classes. Conversely, the statewide Nebraska average office sale price during the same time period was $241.46 per square foot.

2024 Office Sales Volume

  • Omaha, NE Total Office Sales Volume in 2024 $182.5M
  • Omaha, NE Total Number of Office Sales Closed in 2024 6
A total of 6 deals closed on the Omaha office market in 2024, adding up to a yearly sales volume of $182.5M. Notably, the largest transaction on the market saw Gallup Riverfront Campus change hands for $130,000,000 on 3/29/2024.
Data provided by Commercial Edge

Coworking Spaces in Nebraska

2024 Office Construction in Omaha, NE

  • Omaha, NE Total SF completed in 2024 235,653
  • Omaha, NE Total SF under construction in 2025 438,000

During 2024, 235,653 square feet of new office space were delivered across the market. At the close of 2024, the Omaha office inventory included 2 buildings equal to or larger than 25,000 square feet, which comprised 235,653 square feet of office space. Looking forward, development activity throughout 2025 is estimated to add 438,000 square feet of office space to the market, before year-end.

Largest Office Properties Recently Completed in Omaha
Office building Address SF Completed
Builders District 1501 Mike Fahey Street, 68102 108,000 2024
606 N 210th Street 606 N 210th Street, 68022 24,756 2024
37 West - Office 3737 Farnam Street, 68131 17,942 2024
SKYLINE LANDING 1630 North Main Street, 68022 11,180 2024
SKYLINE LANDING 1630 North Main Street, 68022 11,180 2024
606 N 210th St 606 N 210th St, 68022 9,900 2023
Aksarben Village Retail/Office 6700 Mercy Rd, 68106 112,933 2020
The Offices at the Capitol District 1100 Capitol Avenue, 68102 69,235 2020
Pacific Springs Center II 16910 Marcy Street, 68118 40,000 2020
West Dodge Hills Office Building II 18205 Capitol Avenue, 68022 115,000 2019

Worth noting among recent office completions on the Omaha market is Builders District, which is currently the largest new office development in the city, at 108,000 square feet.

Data provided by Commercial Edge

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This market stats report is based on analysis of city-level data that includes office properties equal to or larger than 25,000 square feet in size. Averages were calculated based on values dated January 1st 2024 through December 31st 2024. Construction pipeline data represented herein is valid as of February 2025. The information on this page was compiled using data provided by CommercialEdge, a market intelligence solution which offers comprehensive real market knowledge on all Omaha commercial properties sized 25,000 square feet or larger.

While every effort was made to ensure the accuracy of the data presented in this report, the information is provided “as is” and neither CommercialCafe nor CommercialEdge can guarantee that the information provided is complete.