Greenleaf Properties is the leader in commercial real estate market knowledge and research in Lincoln, Nebraska. Our Market Report is a quarterly market report that includes trends in vacancy rates, absorption rates, asking rents, building permits, and notable transactions. When reading our Market Report you may encounter the following terminology. Below are small descriptions of these terms to help you better understand the commercial property market and its fluctuations.
Absorption
This refers to the change in occupancy over time. Net absorption is the sum of square feet that became physically occupied minus the sum of square feet that became vacant minus the amount of new space delivered to the market during a specific period
Submarket
These are Specific geographic boundaries that serve to allocate core areas in the overall market. 27th & O serves as the intersection of the form main submarkets with the Central Business District located approximately between 6th and 17th and R St. and L St.
Subtype
This is a specific designation within each prospective use type. Subtype is determined by various factors including size, internal and external features, amenities, zoning permissions, and general quality of space.
Total Square Footage /Inventory
This refers to the physical footprint of properties being tracked. This report forgoes government, education, religious buildings, and hospitals.
Vacancy
Refers to space that is not currently being occupied by a tenant, regardless of whether or not it is actively being marketed.
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