Thriving Industrial Market

The Omaha industrial market is thriving on all fronts. The vacancy rate is still low, absorption is positive and due to demand for newer product, more supply has been added to the market with even more square footage in the pipeline. Even though the market experienced positive absorption of 16,261 square feet, the vacancy rate increased slightly to 3.4 percent, which is still much lower than the national vacancy rate of 5.0 percent. A speculative  250,000-square-foot warehouse was delivered to the market late in the third quarter which added to the overall vacancy.