Omaha’s commercial market continues to progress!

March 28, 2014

Recent article in Midlands Business Journal indicate further strengthening in the commercial market in the metro. Vacancy rates in the office market are below 2008 pre-recession levels, which is considered unhealthy. This situation tells us that there is not enough product to meet the current demand. Industrial vacancy rates appear to be in the same situation with a shortage of space available. One of the agents quoted in the article noted that there are a number of construction projects going on presently. As would be expected, demand is high for prime locations and in some cases, tenants or buyers are tearing down current structures and rebuilding on the same site.