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MARKET NEWSLETTER | april 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
3711 Baldwin Avenue
Lincoln, NE   
Units: 120
Sale Date: 1/12/2024
Sale Price: $11,467,300
Price per Unit: $95,561
*Source: CBRE
4151 Normal Boulevard
Lincoln, NE
Units: 132
Sale Date: 3/15/2024
Sale Price: $10,758,000
Price per Unit: $81,500
*Source: CBRE
7301 Q Street
Omaha, NE 
Units: 97
Sale Date: 2/29/2024
Sale Price: $7,200,000
Price per Unit: $74,227
*Source: CBRE
3703 Davenport Street
Omaha, NE   
Units: 60
Sale Date: 3/8/2024
Sale Price: $4,750,000
Price per Unit: $79,167
*Source: CBRE
1405 S 75th Street
Omaha, NE
Units: 50
Sale Date: 3/6/2024
Sale Price: $4,370,814
Price per Unit: $87,416
*Source: CBRE
Construction Watch
CBRE Multifamily Construction Pipeline
In the Loop
Population Growth Accelerates in Omaha, Nebraska
The Omaha-Council Bluffs metropolitan area saw its strongest population growth in the post-pandemic era in 2023, gaining over 7,600 people, according to the most recent population estimates from the U.S. Census Bureau.
Source: costar.com
READ MORE
Vestara 72 Apartments Fills Gap in Multifamily Rental Market
In Papillion, Nebraska, near Omaha, the completion of the Vestara 72 apartment property fills a gap for upper-scale multifamily rental inventory in the area.
Source: costar.com
READ MORE
Blackstone Takes AIR Communities Private in $10B Deal
Blackstone is taking private Apartment Income REIT, otherwise known as AIR Communities, private in a $10 billion deal, marking Blackstone’s largest transaction in the multifamily market.
Source: globest.com
READ MORE
Multifamily Stages Strong Rebound in Demand
Amid all the angst about the stability of the multifamily sector, there are signs that the market is beginning to work its way through its problems, even though parts of the country, especially in the overbuilt South, still show weakness.
Source: globest.com
READ MORE
UNL Economist: Nebraska's Economy Could Grow Rapidly This Summer
Will Nebraska's economy boom this summer?
That seems likely, according to a metric developed by economists at the University of Nebraska-Lincoln.
Source: omaha.com
READ MORE
CBRE Omaha Capabilities

The CBRE Omaha office, with a 100+ member team, is the premier commercial real estate investment firm in the greater Omaha metropolitan area. The main office is located at 11213 Davenport Street.

Since 1975, our office has performed a significant role as the landscape of Nebraska real estate has evolved. As a full-service firm, the experience of our brokers in property acquisition, property management and sales consistently generates success for our clients ensuring their loyalty in the future.

The CBRE Omaha Multifamily team offers an unmatched understanding of local market fundamentals, speed to market and a proven ability to source the newest and most aggressive sources of capital through the breadth of the CBRE platform.

 Learn More
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 +1 402 697 5849
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