Omaha Multifamily Market Report
By CREhunt Research · Data through Q1 2026 · Aggregated from Cushman & Wakefield, Colliers
Quarterly multifamily market indicators for Omaha, aggregated by CREhunt from Cushman & Wakefield, Colliers. As of Q1 2026, average asking rent was $1,258.21/unit/mo and vacancy was 8.0%, per Cushman & Wakefield.
Projected current multifamily pricing — Omaha
Modeled estimate (income approach) shown as a range — not an appraisal. No market-specific cap rate is published for Omaha multifamily yet, so this applies the typical cap rate across comparable multifamily markets — treat it as a rough, indicative range that sharpens as sourced cap rates arrive. Projected asking rent × occupancy × net-operating-income margin band ÷ a benchmark cap rate, from Q1 2026 multiple brokerages asking-rent data (benchmark cap rate 5.1%–6.0%, asking rent trend-adjusted to today). Assumes ~92% occupancy (vacancy not reported) and a 52–65% net-operating-income margin.
| Quarter | Asking rent | Vacancy | Net absorption | Under constr. | Source |
|---|---|---|---|---|---|
| Q1 2026 Cushman & Wakefield | $1,258.21/unit/mo | 8.0% | 432 SF | — | Cushman & Wakefield |
| Q2 2024 Cushman & Wakefield | $1,172.00/unit/mo | 5.9% | — | — | Cushman & Wakefield |
| Q4 2023 Colliers | — | 8.2% | 86 SF | — | Colliers |
Frequently asked questions
- What is the average asking rent for multifamily space in Omaha?
- As of Q1 2026, the average asking rent for multifamily space in Omaha was $1,258.21/unit/mo, per Cushman & Wakefield.
- What is the multifamily vacancy rate in Omaha?
- The multifamily vacancy rate in Omaha was 8.0% as of Q1 2026 (Cushman & Wakefield).
- Where does CREhunt's Omaha market data come from?
- This report aggregates quarterly multifamily market data for Omaha from Cushman & Wakefield, Colliers.