Q4 2018 Omaha Industrial Market Report
The Omaha/Council Bluffs Industrial market ended the fourth quarter 2018 with a vacancy rate of 2.9%. The vacancy rate was unchanged over the previous quarter, with net absorption totaling positive 228,222 square feet in the fourth quarter. Vacant sublease space increased in the quarter, ending the quarter at 12,230 square feet. Rental rates ended the fourth quarter at $6.00, an increase over the previous quarter. A total of 5 buildings delivered to the market in the quarter totaling 176,955 square feet, with 3,745,671 square feet still under construction at the end of the quarter.