Omaha Industrial Figures Q2 2026

In Q2 2026, the market recorded 495,000 sq. ft. of net absorption, down 8.3 percent quarter-over-quarter from Q1 2026 but up 153.8 percent year-over-year versus Q2 2025. Vacancy tightened to 1.2% and availability to 2.3%, declines of 0.4 and 1.1 percentage points quarter-over-quarter and 0.8 and 1.7 percentage points year-over-year, respectively. The average asking rate increased to $8.02, 1.6 percent higher quarter-over-quarter and 11.1 percent higher year-over-year. Under construction volume rose to 1.5 million sq. ft. across 15 properties, a 49.6 percent quarter-over-quarter and 46.7 percent year-over-year increase, while deliveries totaled 160,000 sq. ft., 46.3 percent below Q1 2026 but 95.1 percent above Q2 2025.  

From Q2 2023 through Q2 2026, vacancy has ranged between 1.4% and 2.8%, with the current 1.2% the lowest reading, and availability climbed through early 2025 before easing. Net absorption has been positive in every quarter except Q4 2024, with notable gains in Q3 2023, Q1 2025, Q1 2026 and Q2 2026 supporting rent growth from $7.24 in Q2 2023 to $8.02 in Q2 2026. Construction and deliveries have been active, highlighted by 589,000 sq. ft. delivered in Q4 2023 and 688,000 sq. ft. in Q1 2024, followed by a renewed pipeline build in 2026 to 1.5 million sq. ft., underscoring a tightening but still well-supplied market for occupiers and investors.