Omaha Multifamily Market Report
By PropZone Research · Data through Q1 2026 · Aggregated from Lee Associates, CBRE, Cushman & Wakefield, Colliers
Quarterly multifamily market indicators for Omaha, aggregated by PropZone from Lee Associates, CBRE, Cushman & Wakefield, Colliers. As of Q1 2026, average asking rent was — with a 2.4% vacancy rate.
Projected current multifamily pricing — Omaha
indicative confidenceModeled estimate (income approach) shown as a range — not an appraisal. No market-specific cap rate is published for Omaha multifamily yet, so this applies the typical cap rate across comparable multifamily markets — treat it as a rough, indicative range that sharpens as sourced cap rates arrive. Projected asking rent × occupancy × net-operating-income margin band ÷ a benchmark cap rate, from Q4 2023 asking-rent data (benchmark cap rate 5.0%–5.8%, asking rent held flat). Assumes ~92% occupancy (vacancy not reported) and a 52–65% net-operating-income margin.
| Quarter | Asking rent | Vacancy | Net absorption | Under constr. | Source |
|---|---|---|---|---|---|
| Q1 2026 | — | 2.4% | 1.5M SF | — | Lee Associates |
| Q1 2026 | — | 10.7% | 78K SF | — | CBRE |
| Q1 2026 | — | — | 74K SF | — | Cushman & Wakefield |
| Q4 2023 | — | 6.4% | 1K SF | — | Lee Associates |
| Q4 2023 | $1172.00/SF | 4.8% | 0K SF | — | Cushman & Wakefield |
| Q4 2023 | — | 8.2% | 0K SF | — | Colliers |
| Q3 2017 | — | 5.8% | — | — | Lee Associates |
Frequently asked questions
- What is the average asking rent for multifamily space in Omaha?
- PropZone aggregates multifamily asking-rent data for Omaha from major brokerage market reports; see the quarterly table for the latest available figures.
- What is the multifamily vacancy rate in Omaha?
- The multifamily vacancy rate in Omaha was 2.4% as of Q1 2026 (Lee Associates).
- Where does PropZone's Omaha market data come from?
- This report aggregates quarterly multifamily market data for Omaha from Lee Associates, CBRE, Cushman & Wakefield, Colliers.