Omaha Retail Market Report
By CREhunt Research · Data through Q1 2026 · Aggregated from CBRE, Cushman & Wakefield, Lee & Associates, Colliers
Quarterly retail market indicators for Omaha, aggregated by CREhunt from CBRE, Cushman & Wakefield, Lee & Associates, Colliers. As of Q1 2026, average asking rent was $16.86/SF/yr and vacancy was 6.2%, per CBRE.
Projected current retail 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 CBRE data (cap rate 7.7%, asking rent trend-adjusted to today). Assumes ~94% occupancy and a 65–82% net-operating-income margin.
| Quarter | Asking rent | Vacancy | Net absorption | Under constr. | Source |
|---|---|---|---|---|---|
| Q1 2026 CBRE | $16.86/SF/yr | 6.2% | — | — | CBRE |
| Q4 2025 Cushman & Wakefield | $16.32/SF/yr | 4.3% | — | 216K SF | Cushman & Wakefield |
| Q3 2024 Lee & Associates | $17.25/SF/yr | 4.3% | 494K SF | — | Lee & Associates |
| Q4 2023 Colliers | — | 6.1% | 73 SF | — | Colliers |
| Q2 2020 Colliers | $16.58/SF/yr | 6.0% | — | — | Colliers |
Retail asking rents by submarket
The newest asking rent a named brokerage's report published for each Omaha retail 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 |
|---|---|---|
| Central Omaha | $22.08/SF/yr Cushman & Wakefield · Q4 2025 | Cushman & Wakefield, Q4 2025 |
| Council Bluffs | $14.24/SF/yr Cushman & Wakefield · Q4 2025 | Cushman & Wakefield, Q4 2025 |
| Downtown Council Bluffs | $10.64/SF/yr Cushman & Wakefield · Q4 2025 | Cushman & Wakefield, Q4 2025 |
| Downtown Omaha | $18.10/SF/yr Cushman & Wakefield · Q4 2025 | Cushman & Wakefield, Q4 2025 |
| E Cass County | $15.57/SF/yr Cushman & Wakefield · Q4 2025 | Cushman & Wakefield, Q4 2025 |
| North Central Omaha | $12.46/SF/yr Cushman & Wakefield · Q4 2025 | Cushman & Wakefield, Q4 2025 |
| Northeast Omaha | $13.45/SF/yr Cushman & Wakefield · Q4 2025 | Cushman & Wakefield, Q4 2025 |
| Northwest Omaha | $17.68/SF/yr Cushman & Wakefield · Q4 2025 | Cushman & Wakefield, Q4 2025 |
| Sarpy East | $15.44/SF/yr Cushman & Wakefield · Q4 2025 | Cushman & Wakefield, Q4 2025 |
| Sarpy West | $18.15/SF/yr Cushman & Wakefield · Q4 2025 | Cushman & Wakefield, Q4 2025 |
| Saunders County | $11.00/SF/yr Cushman & Wakefield · Q4 2025 | Cushman & Wakefield, Q4 2025 |
| South Central Omaha | $11.78/SF/yr Cushman & Wakefield · Q4 2025 | Cushman & Wakefield, Q4 2025 |
| Southeast Omaha | $18.13/SF/yr Cushman & Wakefield · Q4 2025 | Cushman & Wakefield, Q4 2025 |
| Washington County | $8.00/SF/yr Cushman & Wakefield · Q4 2025 | Cushman & Wakefield, Q4 2025 |
| West Dodge Corridor | $22.69/SF/yr Cushman & Wakefield · Q4 2025 | Cushman & Wakefield, Q4 2025 |
Frequently asked questions
- What is the average asking rent for retail space in Omaha?
- As of Q1 2026, the average asking rent for retail space in Omaha was $16.86/SF/yr, per CBRE.
- What is the retail vacancy rate in Omaha?
- The retail vacancy rate in Omaha was 6.2% as of Q1 2026 (CBRE).
- Where does CREhunt's Omaha market data come from?
- This report aggregates quarterly retail market data for Omaha from CBRE, Cushman & Wakefield, Lee & Associates, Colliers.