Commercial Real Estate Market in Bellevue, NE
Updated monthly: sale, lease, property records, location trend, and more… · Last update: August 31
75 active listings and 704 off-market properties in Bellevue, NE. Commercial property asks $104/SF to buy and $15.26/SF/Yr to lease.
Market Trends
Bellevue, NE spans 66.4 square miles in Sarpy County, Nebraska. Figures below refresh monthly; last updated 31 August 2026.
Office
Office vacancy in Bellevue, NE runs 21.3% across the Midwest region in 2025, up from 13.7% in 2019.
Vacancy Rate % in Midwest region
Retail
Retail vacancy in Bellevue, NE runs 6.3% across the Midwest region in 2025, down from 8% in 2020.
Vacancy Rate % in Midwest region
Industrial
Industrial vacancy in Bellevue, NE runs 4.9% across the Midwest region in 2025, up from 4.4% in 2019. Nearly 1.6x the 2022 low of 3.1%.
Vacancy Rate % in Midwest region
Multifamily
Multifamily space in Bellevue, NE asks $186/SF to buy. Vacancy runs 8% across the Midwest region in 2025, up from 6.5% in 2022.
Average Sale Price $/SF
Listings
Vacancy Rate % in Midwest region
Zoning & Land Use
Land Use Mix share of zoned land by category
- Agricultural 42.9%
- Residential 37%
- Civic 8.5%
- Industrial 6.8%
- Commercial 4.6%
- Mixed use 0.2%
Largest Zones share of zoned land by district
Agricultural
Single Family Residence 7200 Square Feet
Federal Government Zone Non Regulated
Light Manufacturing
Heavy Manufacturing
Agricultural (AG)
Section 5.05 AG Agricultural District 5.05.01 Intent: The Agricultural District is established for the purpose of preserving agricultural resou rces within the extraterritorial jurisdiction of Bellevue and is unlikely to be compatible with adjacent urban growth within the planning period. However, it is not intended for commercial feedlot operations for live…
Market overview
Demographics & Economy
Bellevue, NE has 86,056 residents in 34,660 households. Density runs 1,296 people per square mile. Median household income here is $93,074 and median gross rent $1,279 a month.
86,056
Population
34,660
Households
2.5
Avg Household Size
35
Median Age
36%
College-Educated
94%
High-School Grad
66.4 sq mi
ZIP Area
1,296
Density / Sq Mi
$93,074
Median Household Income
$48,431
Median Earnings
$1,279
Median Rent
$252,494
Median Home Value
Tools
Nearby Markets
| Market | Average Sale Price, $/SF | Average Lease Price, $/SF/Yr |
|---|---|---|
| Saint Columbans | — | — |
| La Vista | — | $15.11 |
| Papillion | — | $18.34 |
| La Platte | — | — |
Commercial property in Bellevue, NE asks $104/SF.
Frequently Asked Questions
What is the average price per square foot for commercial property in Bellevue?
Commercial property in Bellevue, NE asks an average of $104 per square foot. The 3 most recent recorded sales traded at a median of $194/SF. Multifamily carries the highest asking price at $186/SF.
How much does it cost to lease commercial space in Bellevue?
Asking lease rates in Bellevue, NE average $15.26 per square foot per year.
Where does Realmo's Bellevue market data come from?
Realmo compiles Bellevue, NE figures from 3 recent recorded sales, 50 active sale listings, 25 active lease listings, 704 tracked off-market properties, the current Bellevue zoning release. Sale and lease figures refresh monthly; vacancy annually. Last updated 31 August 2026.
Methodology & data sources
- Asking prices and averages
- Computed from 50 active for-sale and 25 active for-lease listings in Bellevue, NE. These are ASKING figures from live listings, not closed-transaction prices, and a segment carried by a handful of listings reads as indicative rather than an average.
- Vacancy rates
- Published per-sector market series, taken at the metro level where one exists and otherwise at the Census-region level — a chart reading "in <region> region" is a regional number, not this city's.
- Zoning and land use
- The current municipal zoning release: 34,766 zoned acres across 21 districts. Shares are of zoned land, so parcels the release leaves unclassified are excluded from the mix.
- Refresh
- The monthly aggregates close at the end of the previous month, so 31 August 2026 — not today — is the honest last update.
- Known limitations
- office vacancy is reported at Midwest region level, retail vacancy is reported at Midwest region level and industrial vacancy is reported at Midwest region level.
- Coverage
- Metrics below the 10-observation threshold fall back one geographic level. The geography used is named on each figure.
Compiled by the Realmo Data team · reviewed 31 August 2026 · report a data issue
