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2022 | Q2 | Omaha | Retail Market Report

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Despite Inflation and Staff Shortages, Omaha’s Retail Market Stays Strong

Rising interest rates, labor supply issues and surging inflation continue to cause concern across the United States. According to the U.S. Labor Department, consumer prices surged 8.6 percent in May, which is a new 40 year high.

Even with these concerns, the Omaha retail market continues to show its resiliency. The market ended the second quarter of 2022 with over 80,000 square feet of positive absorption. In addition, the retail vacancy rate dropped 90 basis points from 7.9 percent in the first quarter of 2022 to 7 percent this quarter. Retail sales in June in the U.S. rose 1 percent, which is more than was forecasted. 


Omaha, Retail

2022 | Q2 | Omaha | Retail Market Report

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Jessica Moline

Director of Market Research

Omaha

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Mike Potthoff

President, Principal |Omaha

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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 Marek

Vice President | Omaha

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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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