Commercial Real Estate Market Performs Well in 2nd Quarter

July 20, 2026 - 11:13

The commercial real estate market in Omaha delivered solid results during the second quarter of 2026, according to a recent report from the local commercial real estate division. The quarterly analysis covers key sectors including office, industrial, and retail spaces across the metro area.

In the office sector, total inventory stands at 48.7 million square feet. Vacancy rates have held steady, with leasing activity remaining consistent compared to the previous quarter. Demand for Class A office space continues to be the strongest, while older properties face more competition.

Industrial real estate remains a bright spot, driven by ongoing demand for warehouse and distribution centers. Vacancy in this sector is low, and rental rates have seen modest increases. The industrial market benefits from Omaha's central location and strong logistics infrastructure.

Retail properties are also performing well. Shopping centers and strip malls report stable occupancy, with local and regional tenants filling spaces left by national chains in recent years. Restaurants and service-based businesses are leading new leases.

the second quarter results suggest a balanced market. While interest rates and construction costs remain concerns, the local economy's resilience is supporting steady activity across all commercial property types. Industry experts expect the positive trend to continue through the rest of the year.