2020 | Q2 | Omaha | Office Market Report

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Omaha Office Market Better Than Expected

The Omaha office market ended the quarter at 7.4 percent vacant, a 50-basis point increase from the 6.9 percent vacancy in the first quarter of 2020. This represents two quarters in a row of increasing vacancy in the Omaha office market. The Omaha office market had 72,667 square feet of negative absorption for the quarter also marking two quarters in a row of negative absorption and a year-to-date net negative absorption of 171,519 square feet. Additionally, 159,853 square feet of newly constructed office space was completed and added to the inventory.


Omaha, Office

2020 | Q2 | Omaha | Office Market Report

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Related Experts

Melissa Torrez

Director of Market Research | Omaha

Omaha

Melissa has over 19 years of commercial real estate market research experience. She is responsible for the oversight of the market research function for Colliers International | Omaha. Melissa prides herself in providing information and analysis that is meaningful and powerful to the decision making of commercial real estate brokers and clients of Colliers International | Omaha. 

Her responsibilities include the production and authoring of quarterly statistical market publications, tracking and reporting commercial sales and leases in the market, mapping, and providing demographic, economic, traffic count and sales lead data.

Melissa assists clients with multi-market site selection projects. She designed, built and maintains a proprietary economic index across all U.S. metropolitan areas and for the local market.

She is proficient in implementing process improvement strategies for commercial real estate both internally and for clients.

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Mike Potthoff

President, Principal |Omaha

Omaha

Mike joined Colliers International in 2015 with a strong ability to build relationships through his high level of initiative and extremely strong work ethic. After successfully commanding his position as Vice President, Director of Brokerage, Mike was promoted to President of Colliers | Omaha in 2019. In his role as president, Potthoff directs the operational excellence of the entire firm while concentrating on the development of new business as well as maintaining strong client relationships. Most importantly, Potthoff focuses on gaining market share and providing expert commercial real estate insight. 

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Adam Marek

Vice President | Omaha

Omaha

Adam joined Colliers International in January 2008 as an associate with the advisory services group. He brings with him almost two decades of commercial real estate knowledge. His experience lies in both retail and commercial sales, leasing and management. Adam’s understanding of the commercial real estate environment allows him to provide his clients with the best possible advisory services available in the marketplace.

Prior to joining Colliers, Adam worked as a brokerage associate at a local commercial real estate firm assisting national and local clients with site selection and excess space disposition. He completed a multitude of leases for both tenants and landlords as well as a number of investment sales.

 

Adam began his commercial real estate career as a property manager dedicating himself to the day-to-day responsibilities of eight to ten retail shopping centers in Omaha totaling over 500,000 square feet. Not only was he accountable for the physical condition and the financial performance of the properties, but he was also responsible for the marketing of the available space.‚Äč

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