Omaha Markets Undergoing Recovery

OMAHA—When the economic recovery first gathered steam, demand accelerated in gateway markets like New York and in cities dependent on technology or energy such as San Francisco, Denver and Houston. But in the past several quarters, the recovery has broadened and sunk roots into metro areas across the country, especially in the Midwest. Omaha, for example, has seen increased demand in both office and industrial sectors, according to new research on the second quarter just published by Xceligent.

In addition to hosting long-time corporate tenants like Union Pacific and Berkshire Hathaway, the city has seen the same demographic shifts that have brought thousands of younger people and families into CBDs across the Midwest. Multifamily developments have sprouted up, alongside more entertainment options such as a new baseball stadium and an arts center. All this has made it more attractive to office users.