Investors Realty Inc. – Q2 2017 Office Report

Investors Realty Inc. – Q2 2017 Office Report

OFFICE MARKET HIGHLIGHTS:

  • The Overall Omaha Office Market saw 50,000 sq. ft. positive absorption in the 2nd quarter. This is down from 114,000 sq. ft. in the same period last year.
  • Gains were made, particularly the lease of 55,000 sq. ft. of former ConAgra space to the Buffet and Sherwood Foundations.
  • Some notable names gave up some space, primarily in Suburban locations:
    • ITT
    • DTN
    • Level 3
    • Medefis
  • Vacancy is down 100 basis points year over year, from 11.9% to 10.9%
  • Sterling Ridge Building E came out of the ground with 60,000 sq. ft. Renaissance Financial preleased the top floor leaving 40,000 sq. ft. available for a tight Class A office market.
Download the complete report at http://files.investorsomaha.com/download/OmahaOfficeReport_Q2_2017.pdf