Omaha Industrial Figures Q1 2026

The market remained tight in Q1 2026, with fundamentals improving from late‑2024 softness. Net absorption reached 540,000 sq. ft., up 30.8% from Q4 2025, though still 16.7% below Q1 2025. Vacancy fell 20 basis points quarter‑over‑quarter and 40 basis points year‑over‑year to 1.7%, while availability declined from its 4.2% peak in Q1 2025 to 3.4%, an 80‑basis‑point drop. Pricing held firm: average asking rents rose 3.8% quarter‑over‑quarter and 9.2% year‑over‑year to $7.92 per sq. ft., underscoring landlords’ leverage in a low‑vacancy environment.  On the supply side, the construction pipeline stayed active but moderated. Projects under construction totaled 1.0 million sq. ft. in Q1 2026, down 11.2% from Q4 2025 yet 11.7% higher than a year earlier, indicating ongoing development despite recent delivery waves. Completions of 298,000 sq. ft. were 26.8% below the prior quarter but surged 609.5% year‑over‑year from a low Q1 2025 base of 42,000 sq. ft. Overall, the combination of sustained absorption, easing availability, and rising rents reflected a stable, landlord‑favored market at the close of Q1 2026.