Multifamily Market Overview Q1 2025 Omaha, NE

Market Overview

Lee & Associates’ Q1 2025 analysis shows Omaha’s multifamily market staying resilient, with continued renter demand and a slowdown in development bringing fundamentals into better balance. Vacancy rates declined slightly to 5.4%, while average rents increased modestly to $1,076. Investment activity was tempered by financing constraints, but local and regional buyers remained active in value-add opportunities. Submarkets like South Central and West Omaha outperformed in both occupancy and rent growth, reflecting a preference for suburban assets with strong school access and proximity to employment hubs.

About Lee & Associates

Lee & Associates delivers regionally focused commercial real estate insights backed by local market expertise. Their Omaha multifamily reports provide short, strategic overviews of leasing trends, development, and sales velocity—useful for brokers, investors, and lenders navigating Midwest metros. With an operator-first mindset, Lee’s reports emphasize the data that influences performance on the ground, making them an essential reference point for practical investment decisions.

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