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2020 | Q4 | Omaha | Industrial Market Report

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Omaha Industrial Market Continues to Ride the Wave

The Omaha industrial market ended the year with almost 1 million square feet of annual net absorption and over 900,000 square feet of new construction delivered to the market in 2020. In comparison, the average annual absorption over the past ten years was 634,838 square feet and the average annual new construction during the same time period is 586,401. Even so, over the last year, some of the new construction delivered at lower than market occupancy, driving the vacancy rate up slightly to 3.8 percent. This represents 27 straight quarters of vacancy levels less than four percent, since the second quarter of 2014. The Omaha industrial market will continue to be the bright spot for the local commercial real estate market in 2021 as there is an additional 3.2 million square feet under construction.


Omaha, Industrial

2020 | Q4 | Omaha | Industrial Market Report

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Cori Adcock

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