Omaha Industrial Figures Q4 2025

Another quarter of sub-2% vacancy in the Omaha market, marks two quarters in a row of vacancy below 2% and sixteen quarters in a row of vacancy below 3%. Vacancy is equal to the previous quarter and is 90 basis points lower than one year ago.

Average asking rents were $7.63 per sq. ft. at the close of 2025, an increase of $0.16 per sq. ft. or 2.1% from the previous quarter and $0.27 per sq. ft. or 3.5% from three years ago.

Net absorption was positive 413,077 sq. ft. in Q4 2025, bringing annual net absorption to over 1.4 million sq. ft. 

Over 400,000 sq. ft. of newly constructed industrial space was completed in Q4 2025, bringing annual deliveries to 640,475 sq. ft. 

The amount of industrial space under construction in the Omaha market is now over 1.1 million sq. ft., which is 7.3% lower than the previous quarter and 30.0% lower than 1.6 million sq. ft. three years ago.