Q4 2018 Omaha Office Market Report
The Omaha/Council Bluffs Office market ended the fourth quarter 2018 with a vacancy rate of 6.8%. The vacancy rate was up over the previous quarter, with net absorption totaling negative 169,978 square feet in the fourth quarter. Vacant sublease space increased in the quarter, ending the quarter at 155,614 square feet. Rental rates ended the fourth quarter at $18.78, an increase over the previous quarter. There was 902,010 square feet still under construction at the end of the quarter.