Commercial Real Estate Market in Central City, NE
Updated monthly: sale, lease, property records, location trend, and more… · Last update: August 31
46 active listings and 210 off-market properties in Central City, NE.
Market Trends
Central City, NE spans 144.3 square miles in Merrick County, Nebraska. Figures below refresh monthly; last updated 31 August 2026.
Office
Office vacancy in Central City, 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 Central City, NE runs 6.3% across the Midwest region in 2025, down from 8% in 2020.
Vacancy Rate % in Midwest region
Industrial
Industrial vacancy in Central City, 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 vacancy in Central City, NE runs 8% across the Midwest region in 2025, up from 6.5% in 2022.
Vacancy Rate % in Midwest region
Market overview
Demographics & Economy
Central City, NE has 4,044 residents in 1,635 households. Density runs 28 people per square mile. Median household income here is $66,154 and median gross rent $727 a month.
4,044
Population
1,635
Households
2.5
Avg Household Size
42
Median Age
21%
College-Educated
92%
High-School Grad
144.3 sq mi
ZIP Area
28
Density / Sq Mi
$66,154
Median Household Income
$40,843
Median Earnings
$727
Median Rent
$169,600
Median Home Value
Tools
Nearby Markets
| Market | Average Sale Price, $/SF | Average Lease Price, $/SF/Yr |
|---|---|---|
| Riverside Park | — | — |
| Hordville | — | — |
| Marquette | — | — |
| Midland | — | — |
Commercial property in Central City, NE asks $447/SF.
Frequently Asked Questions
What is the average price per square foot for commercial property in Central City?
Commercial property in Central City, NE asks an average of $447 per square foot. The 4 most recent recorded sales traded at a median of $63/SF, so asking sits 616% above the achieved median.
Where does Realmo's Central City market data come from?
Realmo compiles Central City, NE figures from 6 recent recorded sales, 46 active sale listings, 210 tracked off-market properties. Sale and lease figures refresh monthly; vacancy annually. Last updated 31 August 2026.
Methodology & data sources
- Asking prices and averages
- Computed from 46 active for-sale and 0 active for-lease listings in Central City, 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.
- 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, industrial vacancy is reported at Midwest region level and asking prices run materially above recent closed pricing.
- 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
