Marketbeat Omaha Multifamily Q2 2025

Market Overview

Omaha’s multifamily market is demonstrating strong performance in Q2 2025. Net absorption surged 57 percent year-over-year to 1,144 units. Effective rent climbed to $1,235 per unit, up 3.1 percent annually, with vacancy steady at 6.1 percent. The city added 517,000 jobs over the past year, and unemployment remains low near 3.2 percent, bolstering demand. Major deliveries included 242 units at Parallel Apartments and 160 units at The Grant, while the construction pipeline remains active with more than 5,600 single-family units underway and several large multifamily projects planned through 2027.

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Cushman & Wakefield is a global commercial real estate services firm headquartered in Chicago, operating in approximately 60 countries. The firm provides a full suite of services across leasing, capital markets, property management, valuation, and advisory. Its MarketBeat reports pair proprietary data with regional insights to help investors, owners, and developers navigate local multifunction market trends and opportunities.