The Omaha industrial market posted 718,128 sq. ft. of positive net absorption in Q4 2020, increasing from 787 sq. ft. of negative net absorption in Q3 2020.
Vacancy rates declined 80 basis points (bps) quarter-over-quarter, a result of the positive net absorption in the market.
Space under construction increased to 3.8 million sq. ft. after the addition of Amazon’s 2.5 million sq. ft. build-to-suit warehouse and a 300,000 sq. ft. speculative warehouse in R&R Commerce Park.
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