MARKET SNAPSHOT

Omaha q1 2025

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AVERAGE RENT

$1,241 Q1 2025

OCCUPANCY RATE

95.1% Q1 2025

QUARTERLY NET ABSORPTION

297 Q1 2025

ANNUAL RENT CHANGE

3.7% Q1 2025

ANNUAL OCCUPANCY CHANGE

+10 BPS Q1 2025

QUARTERLY COMPLETIONS

363 Q1 2025

KEY TAKEAWAYS

Omaha absorbed nearly 2,300 units over the past year—its second-highest total ever—and ranks among the top 20 U.S. markets for absorption relative to inventory, with strong demand across both urban and suburban areas.

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Rent growth leads the nation at 3.7% annually, driven by mid-tier properties (up 4.2%) and strong performance in Central Omaha and the suburbs.

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Occupancy remains high at 95.0% despite recent supply growth. With construction starts slowing, market conditions are expected to tighten further.

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MARKET OUTLOOK

Omaha’s multifamily market remains one of the most stable among major U.S. metros, supported by strong demand from a resilient labor market and easing supply-side pressures...

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