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MARKET NEWSLETTER | February 2024
Omaha Multifamily Insights
CBRE
CBRE Multifamily Report
Omaha Multifamily Figures Q4 2023
Omaha remains in the top 10 most competitive rental markets in the U.S.
Monthly Indicators
Recent Sales
8002 Blondo Street
Omaha, NE   
Units: 47
Sale Date: 12/29/2023
Sale Price: $2,805,000
Price per Unit: $59,681
*Source: CBRE
2903 N 76th Street
2908 & 2916 N 75th Street
Omaha, NE
Units: 19
Sale Date: 12/27/2023
Sale Price: $1,610,000
Price per Unit: $84,737
*Source: CBRE
4153-4157 Hamilton Street
Omaha, NE 
Units: 20
Sale Date: 12/13/2023
Sale Price: $1,100,000
Price per Unit: $55,000
*Source: CBRE
Construction Watch
CBRE Multifamily Construction Pipeline
In the Loop
What Multifamily Rent Growth Patterns Will Look Like This Year 
In 2023, national average asking rents increased by 1.6% in the multifamily rental market, according to a report from Yardi Matrix. The rent growth story is expected to be different this year, with Yardi Matrix forecasting two main shifts in this market.
Source: globest.com
READ MORE
U.S. Rents Down For 6th Consecutive Month: Apartment List
Nationwide rents fell 0.3% in January, marking the sixth straight month of negative rent growth, according to the Apartment List’s February rent report.
Source: newsnationnow.com
READ MORE
Slumping Apartment Rents? This Landlord Is Actually Seeing Increasing Rents — And Buying Opportunities — Amid A Construction Boom. 
Rent growth sputtered last year across a U.S. apartment sector that saw booming construction, leaving investors on high alert for distress in multifamily properties.
Source: marketwatch.com
READ MORE
2024-2028 Housing Market Predictions: A Gradual Thaw With Added Challenges 
As mortgage rates slowly fall, more buyers and sellers will enter the market, but housing prices should stabilize.
Source: realestate.usnews.com
READ MORE
Economic, Housing And Mortgage Market Outlook – January 2024 
While the economy continues to expand and added 2.7 million jobs in 2023, signs point to a normalization in the labor market as job growth is expected to moderate in 2024.
Source: freddiemac.com
READ MORE
2024 U.S. Housing Market Poised For The Largest Influx Of Multifamily Housing Supply Since The Nixon Era
Nearly 672,000 apartment units are projected to be completed in 2024, according to RealPage, which could help decelerate rent growth.
Source: fastcompany.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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 +1 402 557 6004
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Johnson, CCIM
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 +1 402 697 5849
scott.johnson5@cbre.com
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Larsen
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Debt & Structured Finance
 +1 402 968 2620
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Torrez
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 +1 402 697 5809
melissa.torrez1@cbre.com
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Bukhshtaber
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 +1 314 655 6060
matt.bukhshtaber@cbre.com
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