Omaha Office Market Report
By CREhunt Research · Data through Q1 2026 · Aggregated from Cushman & Wakefield, Lee & Associates, CBRE, Colliers
Quarterly office market indicators for Omaha, aggregated by CREhunt from Cushman & Wakefield, Lee & Associates, CBRE, Colliers. As of Q1 2026, average asking rent was $27.24/SF/yr and vacancy was 11.8%, per Cushman & Wakefield.
Projected current office pricing — Omaha
Modeled estimate (income approach) shown as a range — not an appraisal. Projected asking rent × occupancy × net-operating-income margin band ÷ market cap rate, from Q1 2026 multiple brokerages data (cap rate 11.7%, asking rent held flat). Assumes ~92% occupancy (vacancy not reported) and a 50–65% net-operating-income margin.
| Quarter | Asking rent | Vacancy | Net absorption | Under constr. | Source |
|---|---|---|---|---|---|
| Q1 2026 Cushman & Wakefield | $27.24/SF/yr | 11.8% | 74K SF | — | Cushman & Wakefield |
| Q1 2026 Lee & Associates | $25.79/SF/yr | 7.6% | — | — | Lee & Associates |
| Q1 2026 CBRE | $27.48/SF/yr | 9.9% | 78K SF | — | CBRE |
| Q4 2019 Cushman & Wakefield | — | 3.6% | 660K SF | — | Cushman & Wakefield |
| Q4 2019 Colliers | $26.49/SF/yr | — | 41 SF | — | Colliers |
| Q2 2019 Colliers | $26.60/SF/yr | 8.0% | — | — | Colliers |
Office asking rents by submarket
The newest asking rent a named brokerage's report published for each Omaha office submarket, with its publisher and quarter. Submarkets whose newest figure cannot be attributed, or falls outside a plausible range, are left out.
| Submarket | Asking rent | Source |
|---|---|---|
| Aksarben | $37.00/SF/yr CBRE · Q1 2026 | CBRE, Q1 2026 |
| Boys Town/Sterling Ridge | $34.28/SF/yr CBRE · Q1 2026 | CBRE, Q1 2026 |
| Central Dodge | $26.64/SF/yr Cushman & Wakefield · Q1 2026 | Cushman & Wakefield, Q1 2026 |
| Central West Dodge | $27.58/SF/yr CBRE · Q1 2026 | CBRE, Q1 2026 |
| Downtown | $28.83/SF/yr CBRE · Q1 2026 | CBRE, Q1 2026 |
| Downtown Omaha | $30.15/SF/yr Cushman & Wakefield · Q1 2026 | Cushman & Wakefield, Q1 2026 |
| Midtown | $37.55/SF/yr CBRE · Q1 2026 | CBRE, Q1 2026 |
| Midtown Omaha | $28.23/SF/yr Cushman & Wakefield · Q1 2026 | Cushman & Wakefield, Q1 2026 |
| Miracle Hills | $27.72/SF/yr CBRE · Q1 2026 | CBRE, Q1 2026 |
| North Park | $23.87/SF/yr CBRE · Q1 2026 | CBRE, Q1 2026 |
| Northeast | $23.00/SF/yr CBRE · Q1 2026 | CBRE, Q1 2026 |
| Northeast Omaha | $23.50/SF/yr Cushman & Wakefield · Q1 2026 | Cushman & Wakefield, Q1 2026 |
| Northwest | $24.71/SF/yr CBRE · Q1 2026 | CBRE, Q1 2026 |
| Northwest Omaha | $23.65/SF/yr Cushman & Wakefield · Q1 2026 | Cushman & Wakefield, Q1 2026 |
| Old Mill | $25.53/SF/yr CBRE · Q1 2026 | CBRE, Q1 2026 |
| Regency | $27.66/SF/yr CBRE · Q1 2026 | CBRE, Q1 2026 |
| South Central | $23.46/SF/yr CBRE · Q1 2026 | CBRE, Q1 2026 |
| Southeast | $17.49/SF/yr CBRE · Q1 2026 | CBRE, Q1 2026 |
| Southeast Omaha | $14.07/SF/yr Cushman & Wakefield · Q1 2026 | Cushman & Wakefield, Q1 2026 |
| Southwest | $25.37/SF/yr CBRE · Q1 2026 | CBRE, Q1 2026 |
| Southwest Omaha | $24.58/SF/yr Cushman & Wakefield · Q1 2026 | Cushman & Wakefield, Q1 2026 |
| Suburban West Dodge | $32.30/SF/yr CBRE · Q1 2026 | CBRE, Q1 2026 |
Frequently asked questions
- What is the average asking rent for office space in Omaha?
- As of Q1 2026, the average asking rent for office space in Omaha was $27.24/SF/yr, per Cushman & Wakefield.
- What is the office vacancy rate in Omaha?
- The office vacancy rate in Omaha was 11.8% as of Q1 2026 (Cushman & Wakefield).
- Where does CREhunt's Omaha market data come from?
- This report aggregates quarterly office market data for Omaha from Cushman & Wakefield, Lee & Associates, CBRE, Colliers.