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W W W. R E J O U R N A L S . C O M
SEPTEMBER/OCTOBER 2022 VOLUME34
ISSUE5
CRE MARKETPLACE PAGE 53: ARCHITECTS/DESIGN-BUILD FIRMS BROKERAGE FIRMS DEVELOPERS LAW FIRMS ECONOMIC DEVELOPMENT CORPORATIONS
Busy? That’s an understatement for the Omaha commercial real estate market By Dan Rafter, Editor
The Heartwood Preserve is another major mixed-use development that is providing a boost to Omaha’s commercial real estate market.
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andemics, soaring inflation and rising interest rates. Omaha’s commercial real estate market has remained resilient during all of them.
workforce in Omaha and the commitment city leaders have to constantly improving the neighborhoods that make up Omaha.
Why? What makes Omaha’s commercial real estate market such a strong one? Why has demand for multifamily, industrial and retail properties in this city remained so high for investors? Why has leasing and sales activity remained so strong throughout most of Omaha’s commercial sectors?
That last point is especially important today. Several high-profile commercial developments are springing up across Omaha and its suburbs. These new office towers, mixed-use developments and multifamily properties are pumping new dollars into the city. And they are attracting new residents and companies.
The commercial pros working this market point to a pro-business government that encourages development and entices companies to open national or regional headquarters here. They also cite the strong
So even though the national economy is far from stable today, Omaha’s commercial real estate market is showing few signs of slowing. OMAHA (continued on page 21)
FINANCE
Financing pros: Interest-rate hike means a slowdown in commercial deals is inevitable By Dan Rafter, Editor
In its efforts to curb rising inflation, the Federal Reserve on Sept. 21 raised its benchmark interest rate by three-quarters of a percentage point. The Fed said that it plans to boost this rate in the future to fight inflation. The Fed also said it will continue to enact hikes until its benchmark rate hits 4.6% in 2023. This move, of course, sent another ripple of concern through the commercial real estate industry, with CRE professionals wondering how many commercial deals the higher interest rates might scuttle. FINANCE (continued on page 27)