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MARKET NEWSLETTER | JUNE 2024
Omaha Multifamily Insights
CBRE
CBRE Multifamily Report
Omaha Multifamily Figures Q1 2024
Omaha remains in the top 10 most competitive rental markets in the U.S.
Monthly Indicators
Recent Sales
7471 Lakeview Court
Ralston, NE   
Units: 276
Sale Date: 4/30/2024
Sale Price: $43,650,000
Price per Unit: $158,152
*Source: CBRE
6733 Grover Street
Omaha, NE
Units: 201
Sale Date: 4/30/2024
Sale Price: $13,700,000
Price per Unit: $68,159
*Source: CBRE
Construction Watch
CBRE Multifamily Construction Pipeline
In the Loop
Omaha Developer Plans $163 Million Conversion of Central Park Plaza Towers into Apartments
A real estate developer who has converted an abandoned power plant and a vacant hospital into apartment complexes will do the same with the twin office towers of Central Park Plaza in downtown Omaha.
Source: omaha.com
READ MORE
UNMC Proposes Adding Apartments on Campus to Meet Omaha Student Demand
The University of Nebraska Medical Center wants to bolster its on-campus housing options by building a six-story apartment building on the northeast corner of its Omaha campus.
Source: omaha.com
READ MORE
Growing UNMC Omaha Campus Seeks Modern Student Housing Option, Aims to Build Six-story Project
Responding to a growing demand from students, the University of Nebraska’s main medical training campus is diving into new territory: building new on-campus student housing. 
Source: nebraskaexaminer.com
READ MORE
Apartments Are Using Rewards Programs To Keep Tenants as Rental Market Softens
After decades of rent growth, the market for multifamily apartments is starting to soften. In April, average U.S. rents only grew by $6 or $0.07 percent year over year. 
Source: propmodo.com
READ MORE
US Rental Market Continues to Cool as Record Amount of New Supply Delivers
Outcomes have been mixed across individual local markets, depending on geography and unit type.
Source: bizjournals.com
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Does the U.S. Apartment Market Still have a Prime Leasing Season?
Apartment leasing has historically been reliably seasonal. The vast majority of absorption happens in the summer months, and then the off season accounts for minimal – or even negative – demand.
Source: realpage.com
READ MORE
Rental Market Trends in the U.S. — Inflation Data Finally Shows Some Rent Growth Slowdown
Asking rents increased 3.6% in April 2024 compared to the same time last year, according to Zillow's rental report for April
Source: nerdwallet.com
READ MORE
CBRE Multifamily Capabilities

The CBRE Nebraska Multifamily Investment Team consists of Scott Johnson, Mike Johnson and Josh Larsen. The team partners with Matt Bukhshtaber of CBRE’s St. Louis office forming a strategic alliance focused on multifamily pursuits throughout the central region of the U.S.

Their singular goal is to maximize asset value for clients by building strong relationships and using leading capital sources, unparalleled market knowledge, best-in-class offering deliverables and a proven marketing process. Combined, the team has over 80 years of experience and expertise.

The CBRE Multifamily Group has specialists in all facets of the multifamily industry with over 300 dedicated multifamily professionals in 65 U.S. offices. Our clients consistently turn to CBRE for our proven ability to execute on any multifamily deal, from large complex portfolios to small private capital assignments. CBRE completed $46 billion in multifamily sales in 2022 and has been the #1 U.S. Multifamily Brokerage Firm since 2001 (Source: MSCI Real Assets).

— Learn More
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For more information, please contact:
Mike
Johnson, SIOR
Vice President
 +1 402 557 6004
mike.johnson4@cbre.com
Scott
Johnson, CCIM
Senior Associate
 +1 402 697 5849
scott.johnson5@cbre.com
Josh
Larsen
LP - Vice President
Debt & Structured Finance
 +1 402 968 2620
josh.larsen@cbre.com
Melissa
Torrez
Sr. Field Research Analyst
 +1 402 697 5809
melissa.torrez1@cbre.com
Matt
Bukhshtaber
Vice Chairman
 +1 314 655 6060
matt.bukhshtaber@cbre.com
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