Market Trend FAQ

How’s the market?

  • Down over last 5 years
  • 2008 beginning of crash
  • Recovered approx a third to a half of 2007 highs
  • Vacancy rates for retail, office and industrial are up
  • Large space is still slow to recover which then slows down the rest of the growth numbers
  • Competitive market with lots of space
  • The average company is looking for 1,000-2,000 square feet
  • Lots of companies start at 1,000 square feet for their first office space
  • Those companies then expand to approx 2,000-3,000 square feet
  • Currently companies are either staying in the same size of office space or downsizing

What are people looking for?

  • #1 is the rental rates and the starting price is negotiable
  • Triple rates
  • Incentives that the owner is willing to offer
  • Many times the lease is for 3-5 years

What is special about Lincoln?

  • People are opptimistic about the future here
  • Positive attitude about growth and much of this has to due with the downtown development
  • South Lincoln hotter and more attractive to many people
  • Strip malls are increasing in popularity
  • Average price per square foot for the different areas of town will come from Katey
  • Lincoln has one of the lowest unemployment rates in the country and a stable thriving economy