Markets · Lincoln, NE MSA
Lincoln Industrial Market Report
Bluebird CRE Research · As of 2026 Q1 · Data: CoStar Group, www.costar.com
A small, stable university-and-government market with manufacturing anchors and limited new supply.
Asking Rent / SF
2016–2026Now $7.92 · +1.9% YoY
Vacancy Rate
2016–2026Now 2.6%
Net Absorption (12 mo)
2016–2026Now -32,776 SF
Annual figures through 2026 Q1. Source: CoStar Group, www.costar.com.
Market overview
As of 2026 Q1, Lincoln industrial vacancy stands at 2.6% with asking rents near $7.92/SF. The market absorbed -32,776 SF over the trailing year, and investment sale pricing implies roughly a 9.4% cap rate. Those are the figures that frame how we underwrite here.
Bluebird's read
A small, stable university-and-government market with manufacturing anchors and limited new supply. Bluebird targets functional small-bay and IOS product here at a basis below replacement cost, with leasing and mark-to-market as the value-add levers.
Economy
- Population
- 357,792
- Total employment
- 197,429
- Industrial employment
- 25,581
- Median HH income
- $78,527
Key submarkets
- • Airport / Northwest
- • I-80 Corridor
- • Northeast
- • South
Representative tenants
- • Amazon
- • Kawasaki
- • Duncan Aviation
- • Nelnet
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Market data sourced from CoStar Group, www.costar.com (as of 2026 Q1); figures are point-in-time estimates and forecasts are not guarantees. Provided for informational purposes only and not an offer to sell securities. Past performance does not guarantee future results.
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