http://www.omaha.com/article/20110131/M ... pace-fills
Jeffrey Robb WORLD-HERALD STAFF WRITER wrote:The construction cranes towering over Omaha's Old Mill are a testament to the area's resurgence.
Thanks largely to TD Ameritrade's growing presence, the office area has developed into the metro's strongest submarket, featuring a spare 7.7 percent vacancy rate in its office buildings.
Just three years ago, Old Mill had a gaping 26 percent vacancy rate as major employers moved out.
Jeffrey Robb WORLD-HERALD STAFF WRITER wrote:Downtown Omaha dropped to a vacancy rate of 13.5 percent from last quarter's 18.1 percent. The unoccupied former federal building at 15th and Dodge Streets was taken out of the local survey, as was the Farm Credit Building, located at 19th and Douglas Streets, which is about to undergo a renovation into apartments and retail space.
The midtown, south-central and southeast sectors saw a rise in their vacancies.
Overall, the metro area's vacancy rate fell to 14.8 percent from 16 percent last quarter. For five consecutive quarters, the office market has seen a net gain in the amount of occupied office space, according to Grubb & Ellis.
