Finding the Perfect Commercial Space for Rent in Omaha, Nebraska
When it comes to finding the perfect commercial space for rent in Omaha, Nebraska, it can feel like a daunting task. I remember when I first started looking for a space for my business; the process was overwhelming, to say the least. There are so many factors to consider—location, size, price, lease terms, and even the vibe of the neighborhood. But don’t worry! I’ve been through it all, helping hundreds of clients via tenant representation looking for space. I’m here to share some of the tips and tricks I’ve learned along the way.
Why Omaha?
First off, let’s talk about why Omaha is a great place to set up shop. Omaha is one of those hidden gems in the Midwest. It’s got a growing economy, a vibrant arts scene, and a friendly community that’s always looking to support local businesses. Plus, with a relatively low cost of living compared to other major cities, you can get more bang for your buck when it comes to commercial real estate. The city’s business-friendly environment and steady economic growth make it an attractive option for entrepreneurs and established businesses alike.
Types of Commercial Spaces Available
When searching for commercial space in Omaha, you’ll find a variety of options, from small office spaces to large retail locations. The type of space you need will depend on the nature of your business. Are you a retailer looking for a spot in a busy shopping district, or do you need a quiet office in a professional building? Maybe you’re after an industrial space for manufacturing or a warehouse for storage. Whatever your needs, Omaha has a diverse selection of properties to choose from.
For example, if you’re in retail, you might be drawn to the bustling Old Market District. This historic area is full of charm, with brick streets and old buildings that have been converted into modern retail spaces. It’s a hotspot for tourists and locals alike, making it a prime location for any retail business. On the other hand, if you’re looking for office space, the West Omaha area might be more your speed. It’s home to many professional buildings and offers easy access to major highways and amenities like restaurants and shopping centers.
Key Considerations When Renting Commercial Space
Now, let’s dive into some of the key factors to consider when renting commercial space in Omaha.
- Location: This is probably the most crucial factor. Think about where your customers or clients are coming from. Do you need to be in a high-traffic area, or is a quieter location more suitable for your business? Also, consider accessibility. Is there ample parking? Is the space easy to find?
- Type of Space: What type of business do you operate? The type of business and your specific needs will determine what type of commercial space you would need. The main categories are: retail, office, industrial or warehouse, and flex space.
- Size and Layout: Be sure to choose a space that not only fits your current needs but also has room for growth. You don’t want to be stuck in a lease only to find out you need more space six months down the line.
- Lease Terms: Understanding the lease terms is essential. How long is the lease? Are there any hidden costs like maintenance fees or utilities? Can you make modifications to the space if needed? It’s also worth checking if there’s an option to renew at the end of the lease.
- Budget: Your budget will obviously play a significant role in your decision. Be sure to factor in not just the rent, but also any additional costs, such as utilities, insurance, and maintenance.
- Amenities and Services: Depending on your business, you might need certain amenities. For instance, if you’re running a tech company, you’ll need a space with high-speed internet and perhaps a backup power source. Or, if you’re in retail, you might want a space with large windows for displays.
Exploring Omaha’s Main Retail Shopping and Trade Areas
When it comes to setting up a retail business in Omaha, Nebraska, choosing the right location is crucial. The city is home to several thriving retail districts, each with its unique charm, customer base, and opportunities. Whether you’re looking to attract foot traffic from tourists or cater to local residents, Omaha has a variety of retail shopping and trade areas that can suit different business needs. Let’s dive into some of the key areas you should consider.
Old Market District
The Old Market District is arguably Omaha’s most iconic retail area. Located in the heart of downtown, this historic district is known for its cobblestone streets, preserved 19th-century buildings, and vibrant arts scene. It’s a hotspot for both locals and tourists, making it an ideal location for retail businesses that thrive on foot traffic.
The Old Market is packed with a diverse mix of shops, from high-end boutiques to quirky gift stores, art galleries, and specialty food shops. If your business has a unique, artisanal, or luxury focus, the Old Market could be a perfect fit. The area is also home to a variety of restaurants, coffee shops, and entertainment venues, which keeps the district bustling with activity day and night. However, keep in mind that with its popularity comes higher rent prices, so it’s essential to ensure your business model can support the premium location.
Westroads Mall and Regency Court
If you’re looking for a more traditional retail setting, Westroads Mall (10000 California St, Omaha, NE 68114) and Regency (120 Regency Pkwy
Omaha, NE 68114) offer a suburban shopping experience with a strong draw for families and everyday shoppers. Westroads Mall is the largest mall in Nebraska, featuring over 100 stores, including major national retailers, department stores, and a variety of dining options.
Adjacent to Westroads Mall is Regency, which offers a more upscale shopping experience. This center is home to high-end retailers, specialty boutiques, and gourmet restaurants. The area around these two shopping centers is a retail hub in itself, with nearby strip malls, big-box stores, and plenty of parking, making it convenient for shoppers. If your business caters to mainstream consumer needs or luxury goods, this area could be an excellent choice.
Midtown Crossing
Midtown Crossing is one of Omaha’s newer retail developments, located just west of downtown. This mixed-use development blends residential living with retail, dining, and entertainment. The area is trendy and modern, attracting a younger, more urban crowd. With its proximity to several large employers and cultural institutions like the Omaha Community Playhouse and Film Streams theater, Midtown Crossing sees steady foot traffic from both residents and visitors.
The retail spaces here are well-suited for businesses that appeal to a younger demographic, such as trendy clothing boutiques, cafes, and fitness studios. Additionally, the area’s design encourages walkability, with wide sidewalks and plenty of green space, making it an attractive spot for businesses looking to create an inviting, community-focused atmosphere.
Village Pointe
Located in West Omaha, Village Pointe is an outdoor lifestyle center that combines shopping, dining, and entertainment in an open-air setting. The center has a charming, small-town feel, with a variety of national retailers, local boutiques, and dining options. Village Pointe is especially popular with families and suburban residents, offering everything from clothing and home goods to a cinema and seasonal events.
Village Pointe’s appeal lies in its ability to draw consistent traffic from West Omaha’s growing suburban population. If your business caters to families, young professionals, or anyone looking for a relaxed shopping experience, Village Pointe is worth considering. The center’s emphasis on outdoor events and community gatherings also provides opportunities for businesses to engage with customers beyond traditional retail interactions.
Aksarben Village
Aksarben Village is another mixed-use development, but with a unique twist—it’s built on the site of the former Ak-Sar-Ben racetrack. Today, Aksarben Village is a thriving retail and entertainment district that serves as a hub for Omaha’s young professionals, students from nearby universities, and tech industry employees.
The area features a mix of retail stores, restaurants, bars, and entertainment venues, as well as offices and residential buildings. The retail spaces in Aksarben Village are perfect for businesses that want to tap into Omaha’s tech-savvy, urban crowd. The neighborhood is also known for hosting events like farmers markets, outdoor concerts, and food festivals, which bring even more potential customers to the area.
Blackstone District
The Blackstone District is one of Omaha’s most up-and-coming neighborhoods, known for its historic charm and trendy vibe. Once a forgotten part of the city, Blackstone has undergone significant revitalization in recent years, transforming into a hotspot for unique dining experiences, craft breweries, and boutique shopping.
The retail spaces in Blackstone are smaller and more eclectic, making it an ideal location for independent retailers, specialty shops, and local artisans. The district’s youthful energy and focus on local culture make it a perfect match for businesses looking to offer something different from the mainstream. The area’s continued growth and popularity mean that it’s an exciting place to be, with plenty of potential for new businesses to thrive.
Making the Final Decision on Where to Lease Commercial Space
Once you’ve narrowed down your options, it’s time to take a closer look. Visit each location in person, if possible. This will give you a better feel for the space and the neighborhood. Don’t be afraid to ask questions or negotiate the terms. Remember, this is a big decision, and you want to make sure it’s the right fit for your business.
In my own experience, I found that working with a local commercial real estate broker was incredibly helpful. They knew the market inside and out and were able to guide me through the process, from finding the right location to negotiating the lease. If you’re new to Omaha or just new to renting commercial space, I highly recommend finding a broker who can help you navigate the process.
Final Thoughts
Finding the right commercial space for rent or lease in Omaha, Nebraska, might take some time, but with the right approach, you’ll find a spot that meets all your needs. Whether you’re setting up a retail store, an office, or something entirely different, Omaha has a lot to offer. Just remember to take your time, and consider working with a local expert to make the process smoother.