Omaha Multifamily Figures Q1 2025

Market Overview

Omaha closed Q1 2025 with stable multifamily fundamentals. Occupancy hovered near 94%, and year-over-year rent growth landed at 2.8%. New deliveries slowed this quarter, aligning with national development trends, while absorption remained steady in key submarkets like Papillion and Northwest Omaha. The city’s growing employment base in education, insurance, and health services continues to support renter demand, even as higher interest rates create headwinds for investment activity. Class B and C assets in suburban areas saw the strongest rent growth, while downtown properties faced more leasing pressure.

About CBRE

CBRE is one of the world’s largest commercial real estate services firms, with a robust multifamily research division producing detailed market reports across the U.S. Their Omaha coverage blends national data trends with property-level performance, making it a go-to resource for institutional investors and operators alike. CBRE’s reports are particularly strong in highlighting macroeconomic influences, pipeline risks, and transaction dynamics—all delivered with an eye toward capital market implications and underwriting strategy.