2023 Office Space Rent & Sales
- $20.58 2023 Avg. Asking Rent
- -3.23% Y-o-Y Avg. Asking Rent Change
- 15.48% 2023 Office Vacancy Rate
Lincoln office price per square foot in 2023 was $20.58 on average. This marked a -3.23% change in office space price per square foot compared to the previous year. The local office market recorded an average vacancy rate of 15.48% across all asset classes combined.
Average Rent by Office Class
2023 Average Office Rent per Square Foot
- Lincoln Class A & A+ Office Space$25.41
- Lincoln Class B Office Space$20.43
- Nebraska Class A & A+ Office Space$27.32
- Nebraska Class B Office Space$22.00
- Nebraska Class C Office Space$23.53
Lincoln, NE Office Asking Rents by Class
Coworking Spaces in Nebraska
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2023 Office Construction in Lincoln, NE
- Lincoln, NE Total SF completed in 2023 160,000
During 2023, 160,000 square feet of new office space were delivered across the market. At the close of 2023, the Lincoln office inventory included 1 buildings equal to or larger than 25,000 square feet, which comprised 160,000 square feet of office space.
Office building | Address | SF | Completed |
---|---|---|---|
UNION HILL ROAD OFFICE | 5601 Union Hill Road, 68516 | 10,000 | 2023 |
7321 Plaza Court | 7321 Plaza Court, 68516 | 31,300 | 2021 |
8333 Glynoaks Drive | 8333 Glynoaks Drive, 68516 | 25,293 | 2021 |
Telegraph Lofts East | 200 S 21st St, 68510 | 117,542 | 2019 |
600 P Street | 600 P Street, 68508 | 167,000 | 2017 |
5055 Building at Bryan East Campus | 5055 A Street, 68510 | 100,000 | 2017 |
151 North 8th Street & 733 & 755 P Street | 151 North 8th Street, 68508 | 80,871 | 2011 |
2301 NW 12th Street | 2301 NW 12th Street, 68521 | 27,270 | 2009 |
AKRS Building | 150 Northwest 40th St, 68528 | 7,152 | 2008 |
Nebraska Technology Park - 4600 Innovation Drive | 4600 Innovation Drive, 68521 | 113,000 | 2007 |
Worth noting among recent office completions on the Lincoln market is UNION HILL ROAD OFFICE, which is currently the largest new office development in the city, at 10,000 square feet.
See reports for other markets
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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 2023 through December 31st 2023. Construction pipeline data represented herein is valid as of April 2024. The information on this page was compiled using data provided by CommercialEdge, a market intelligence solution which offers comprehensive real market knowledge on all Lincoln 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.