Despite an influx of new units, the Omaha apartment market continues to showcase exceptional resilience. Moreover, an optimistic forecast anticipates that all submarkets will see positive demand in the coming year, thereby alleviating any concerns. Notably, the West Omaha and Sarpy County submarkets are projected to lead in absorption, with a rate of 1,469 units, which represents nearly 66% of all expected demand next year. Although market dynamics may fluctuate, their impact on rent growth and occupancy rates is anticipated to be minimal. As we look ahead, the solid market fundamentals, along with steady demand, indicate a stable long-term outlook for Omaha, even amid potential market uncertainties.
Sources: RealPage; BLS; MSCI; Omaha Business Journal; Omaha Regional Chamber.