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2021 | Q1 | Omaha | Retail Market Report

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Covid-19 Clinics Help Fill Large Retail Spaces in First Quarter of 2021

The Omaha retail market ended the first quarter of 2021 with a vacancy rate of 8.1 percent which is up slightly from 7.8 percent at the end of 2020. While 84,500 square feet of retail space was absorbed in the first quarter, much of this space is temporary in nature. Average asking rental rates remained flat at $13.02 per square foot on a triple net basis. 

As changes in retail habits continue to change and more consumers move toward online shopping, both the local and national retail markets have seen some creative, non-traditional uses occupying former retail vacancies. 


Omaha, Retail

2021 | Q1 | Omaha | Retail Market Report

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Mike Potthoff

President, Principal |Omaha

Omaha

Mike joined Colliers International in 2015 with a strong ability to build relationships through his high level of initiative and extremely strong work ethic. After successfully commanding his position as Vice President, Director of Brokerage, Mike was promoted to President of Colliers | Omaha in 2019. In his role as president, Potthoff directs the operational excellence of the entire firm while concentrating on the development of new business as well as maintaining strong client relationships. Most importantly, Potthoff focuses on gaining market share and providing expert commercial real estate insight. 

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Adam joined Colliers International in January 2008 as an associate with the advisory services group. He brings with him almost two decades of commercial real estate knowledge. His experience lies in both retail and commercial sales, leasing and management. Adam’s understanding of the commercial real estate environment allows him to provide his clients with the best possible advisory services available in the marketplace.

Prior to joining Colliers, Adam worked as a brokerage associate at a local commercial real estate firm assisting national and local clients with site selection and excess space disposition. He completed a multitude of leases for both tenants and landlords as well as a number of investment sales.

 

Adam began his commercial real estate career as a property manager dedicating himself to the day-to-day responsibilities of eight to ten retail shopping centers in Omaha totaling over 500,000 square feet. Not only was he accountable for the physical condition and the financial performance of the properties, but he was also responsible for the marketing of the available space.‚Äč

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Chris, who joined Colliers International in 2011, uses her long term relationships as well as her knowledge of the history and growth of the Omaha metro area to assist her as part of the Retail and Office Services Groups. She positions the Colliers platform, along with its significant local market presence in Omaha, to accelerate the success of the numerous relationships she has established throughout her career. Chris concentrates on Office and Retail, Landlord and Tenant representation of national, regional and local clients. Her experience in the healthcare field supports her focus on medical practice site selection.

A professional sales and marketing self-starter, Chris has a multitude of experience a variety of industry. She has extensive background with national and local clients (both Landlord and Tenant) resulting in successful outcomes in land purchases, medical office leases, retail and commercial leasing as well as investment sales. She is skilled in building partnerships and has the ability to motivate and elevate the performance of the teams in which she is involved. Mensinger’s educational background includes a Bachelor’s Degree in Management as well as extensive course work in Biology and Anatomy.

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