Omaha Office Rent Price & Sales Report

Highlights

  • The average rent for office space in Omaha is $20.65 per square foot, 0.10% higher compared to the previous year.
  • The market’s vacancy rate stands at 15.00%, higher than the state average of Nebraska, which is 13.09%.
  • Renting Class A/A+ office space here costs $26.18 per square foot, while Class B averages $18.97 and Class C stands at $9.74.
  • 1,248,870 square feet is currently under construction.

2025 Office Space Rent & Sales

  • $20.65 2025 Avg. Asking Rent
  • 0.10% Y-o-Y Avg. Asking Rent Change
  • 15.00% 2025 Office Vacancy Rate
  • $27M2025 Total Office Sales
  • $82.68Avg. Sale Price/SF

What is the average asking rent price for office space in Omaha?

Average asking rents for office space here stand at $20.65 per square foot. The local office market recorded an average vacancy rate of 15.00% in 2025, unchanged from 15.00% in 2024.

Office transactions in the local market in 2025 totaled a sales volume of $27M across 6 sales. These transactions commanded an average sale price per square foot of $82.68.

Omaha, NE Office Asking Rents by Class

What is the average office rent per square foot by property class in Omaha?

  • Avg. Asking Rent Class A & A+$26.18
  • Avg. Asking Rent Class B$18.97
  • Avg. Asking Rent Class C$9.74

The average asking rent for Class A and A+ office space stood at $26.18 per square foot, indicating the best — and most expensive — that the market has to offer.
Class B space in Omaha averaged $18.97 per square foot, while the average for Class C space was $9.74 per square foot.

What is the average office rent per square foot by property class in NE?

  • Avg. Asking Rent Class A & A+$24.09
  • Avg. Asking Rent Class B$17.83
  • Avg. Asking Rent Class C$10.42

For comparison, the average rent for Class A and A+ office space in Nebraska was $24.09 per square foot. The state-wide average for Class B space was $17.83 per square foot, and Class C office spaces averaged $10.42 per square foot.

Omaha, NE Office Indicators by Submarket

In 2025, the submarket with the lowest office vacancy rate in Omaha was South Central at 5.72%. Meanwhile, the highest office vacancy rate in the market was 35.64%, recorded in Northwest.
Submarket Asking Rents Vacancy Rates
Downtown $24.94 7.37%
West Dodge Corridor $22.76 18.34%
South Central $19.38 5.72%
Southwest $17.95 8.82%
Northwest $15.15 35.64%
Northeast $12.50 7.20%
Southeast $12.30 14.32%
Data provided by Yardi Research

2025 Office Sales Volume

  • $82.682025 Avg. Price per SF
  • $27M2025 Office Sales Volume
  • 62025 Number of Transactions

What is the average sale price per square foot for office space in Omaha?

Average sale prices for office space in this market recorded a -64.02% change in 2025 compared to the previous year.
Office transactions recorded in the market in 2025 averaged $82.68 per square foot. For comparison, the statewide Nebraska average during the same time period stood at $98.54 per square foot, while the national average was $182.48 per square foot.

Omaha, NE Sale Price per SF Trend

  • Omaha Avg. Sale Price per SF in 2025$82.68
  • Nebraska Avg. Sale Price per SF in 2025$98.54

What was the total office sales volume in Omaha in 2025?

The local office market recorded 6 deals in 2025, adding up to a yearly sales volume of $27M.

  • Omaha, NE Total Office Sales Volume in 2025 $27M
  • Omaha, NE Total Number of Office Sales Closed in 2025 6
Data provided by Yardi Research

2025 Office Construction in Omaha, NE

  • Omaha, NE Total SF completed in 2025 170,000
  • Omaha, NE Total SF under construction in 2026 1,248,870

How much office space was built in Omaha in 2025?

170,000 square feet of new office space was delivered across the market in the previous year. New construction included 1 properties, with an average new property size of 170,000 square feet.

Looking forward, development activity in 2026 is estimated to add 1,248,870 square feet of office space to the market in total.

What are the largest recent office completions in Omaha?

The largest recent office completion here is EDGE District - Core Building at 180,870 square feet, completed in 2026. The next largest completions are EDGE District - Catalyst Building and 1501 Mike Fahey Street.

Office building Address SF Completed
EDGE District - Core Building 4402 Innovation Plaza, 68106 180,870 2026
The Row at Heartwood - 14500 Heartwood Row 14500 Heartwood Road, 68010 117,672 2026
1113 Nicholas Street 1113 Nicholas Street, 68102 24,480 2026
EDGE District - Catalyst Building 4601 Catalyst Court, 68106 170,000 2025
1501 Mike Fahey Street 1501 Mike Fahey Street, 68102 121,943 2024
Office property in Elkhorn, NE 2002 N 204th Street, 68022 7,920 2022
3304 N 190th Plaza-Antler View 3304 N 190th Plaza, 68022 11,296 2021
Avant Spaces 3403 N 191st Ave, 68022 3,000 2021
Aksarben Village Retail/Office 6700 Mercy Rd, 68106 112,933 2020
Baxter Building 17225 Burt Street, 68118 86,000 2020
Data provided by Yardi Research

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Disclaimer

All information on this page is based on city-level data that includes properties equal to or larger than 25,000 square feet.
Averages were calculated based on values dated between January 1st and December 31st 2025. Construction pipeline data represented herein is valid as of January 2026.

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 Yardi Research Data can guarantee that the information provided is complete.