2023 Office Space Rent & Sales
- $20.58 2023 Avg. Asking Rent
- -3.23% Y-o-Y Avg. Asking Rent Change
- 15.48% 2023 Office Vacancy Rate
Lincoln office price per square foot in 2023 was $20.58 on average. This marked a -3.23% change in office space price per square foot compared to the previous year. The local office market recorded an average vacancy rate of 15.48% across all asset classes combined.
See how this market compares to the national average: U.S. office space rent & sales.
Average Rent by Office Class
2023 Average Office Rent per Square Foot
- Nebraska Class A & A+ Office Space$27.32
- Nebraska Class B Office Space$22.00
- Nebraska Class C Office Space$23.53
Lincoln, NE Office Asking Rents by Class
Coworking Spaces in Nebraska
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2023 Office Construction in Lincoln, NE
- Lincoln, NE Total SF completed in 2023 160,000
During 2023, 160,000 square feet of new office space were delivered across the market. At the close of 2023, the Lincoln office inventory included 1 buildings equal to or larger than 25,000 square feet, which comprised 160,000 square feet of office space.
| Office building | Address | SF | Completed |
|---|---|---|---|
| 109 S Canopy St | 109 S Canopy St, 68508 | 206,181 | 2021 |
| 7321 Plaza Court | 7321 Plaza Court, 68516 | 31,300 | 2021 |
| 8333 Glynoaks Drive | 8333 Glynoaks Drive, 68516 | 25,293 | 2021 |
| Telegraph Lofts East | 200 S 21st St, 68510 | 117,542 | 2019 |
| 4700 S 19th St | 4700 S 19th St, 68512 | 214,315 | 2018 |
| Telegraph Flats | 2001 N St, 68510 | 99,137 | 2018 |
| Canopy Row | 140 Canopy, 68508 | 74,987 | 2018 |
| 235 S 11th St | 235 S 11th St, 68508 | 15,500 | 2015 |
| 151 N 8th St | 151 N 8th St, 68508 | 80,871 | 2011 |
| 3833 S 14th St | 3833 S 14th St, 68502 | 4,246 | 2006 |
Worth noting among recent office completions on the Lincoln market is 109 S Canopy St, which is currently the largest new office development in the city, at 206,181 square feet.
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This market stats report is based on analysis of city-level data that includes office properties equal to or larger than 25,000 square feet in size. Averages were calculated based on values dated January 1st 2023 through December 31st 2023. Construction pipeline data represented herein is valid as of April 2024. The information on this page was compiled using data provided by CommercialEdge, a market intelligence solution which offers comprehensive real market knowledge on all Lincoln commercial properties sized 25,000 square feet or larger.
While every effort was made to ensure the accuracy of the data presented in this report, the information is provided “as is” and neither CommercialCafe nor CommercialEdge can guarantee that the information provided is complete.