Markets · Omaha–Council Bluffs, NE–IA MSA
Omaha Industrial Market Report
Bluebird CRE Research · As of 2026 Q1 · Data: CoStar Group, www.costar.com
A stable, low-cost logistics market on the I-80 corridor with growing data-center and distribution demand.
Asking Rent / SF
2016–2026Now $8.69 · +1.9% YoY
Vacancy Rate
2016–2026Now 2.4%
Net Absorption (12 mo)
2016–2026Now 1.5M SF
Annual figures through 2026 Q1. Source: CoStar Group, www.costar.com.
Market overview
As of 2026 Q1, Omaha industrial vacancy stands at 2.4% with asking rents near $8.69/SF. The market absorbed 1.5M SF over the trailing year, and investment sale pricing implies roughly a 9.1% cap rate. Those are the figures that frame how we underwrite here.
Bluebird's read
A stable, low-cost logistics market on the I-80 corridor with growing data-center and distribution demand. 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
- 1.0M
- Total employment
- 512,812
- Industrial employment
- 68,105
- Median HH income
- $88,855
Key submarkets
- • Sarpy County
- • I-80 Corridor
- • Council Bluffs
- • Northwest
Representative tenants
- • Amazon
- • Google (data centers)
- • Union Pacific
- • Kiewit
Explore other markets
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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