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Omaha Office Space In-depth Omaha is the largest city in the state of Nebraska and is the forty third largest city in the United States with a population estimated to be 432,921 in 2008. Omaha is known as the “Gateway to the West” because it was used as a central hub of transportation during the 1850’s when it was first founded. During this time the economy mainly relied on railroads... Read More
Omaha Office Space In-depth Omaha is the largest city in the state of Nebraska and is the forty third largest city in the United States with a population estimated to be 432,921 in 2008. Omaha is known as the “Gateway to the West” because it was used as a central hub of transportation during the 1850’s when it was first founded. During this time the economy mainly relied on railroads, breweries, stockyards and meatpacking plants. Nowadays, the economy has expanded to incorporate a diverse range of companies and fields, which call Omaha office space home. Office space in Omaha is now home to the headquarters of five Fortune 500 companies including ConAgra Goods, Union Pacific Corporation, Peter Kiewit and Sons, Inc, Mutual of Omaha, and Berkshire Hathaway. Tourism also greatly helps the economy to prosper through the College World Series and the state’s greatest attraction, Henry Doorly Zoo.
USA Today printed that Omaha is the eighth largest city in both per-capita billionaires and Fortune 500 companies. Many of the jobs that support the economy come from the Omaha Public School system, Alegent Health, ConAgra Foods, and Mutual of Omaha.
During the year 2007, Omaha saw a record year of absorption with over 472,000 square feet of office space absorbed. Despite the poor showing of the first quarter of 2008, the first six months have proven to stay on the record-making path. The first quarter’s poor earning were mainly due to the credit crisis and sub prime mortgage loans. Vacancy has also proved to be resilient against the faltering economy with the vacancy rate of Omaha office space, 14.4%, still lower than at the beginning of 2007, 15.7%. Construction continues to grow with over 410,000 square feet of new office space in Omaha planned in the coming months, along with the already constructed 845,000 square feet of office space constructed in Omaha since the beginning of 2007. Overall, it seems like the economy is turning around. Expand, relocate or open your business with Omaha office space and see what the city can do for you.
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