Commercial Real Estate Market in Grand Island, NE
Updated monthly: sale, lease, property records, location trend, and more… · Last update: August 31
160 active listings and 2,444 off-market properties in Grand Island, NE. Commercial property asks $269/SF to buy and $16.00/SF/Yr to lease.
Market Trends
Grand Island, NE spans 176.8 square miles in Hall County, Nebraska. Figures below refresh monthly; last updated 31 August 2026.
Office
Office vacancy in Grand Island, 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 Grand Island, NE runs 6.3% across the Midwest region in 2025, down from 8% in 2020.
Vacancy Rate % in Midwest region
Industrial
Industrial vacancy in Grand Island, 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 Grand Island, NE runs 8% across the Midwest region in 2025, up from 6.5% in 2022.
Vacancy Rate % in Midwest region
Market overview
Demographics & Economy
Grand Island, NE has 56,927 residents in 22,872 households. Density runs 322 people per square mile. Median household income here is $66,390 and median gross rent $911 a month.
56,927
Population
22,872
Households
2.5
Avg Household Size
36
Median Age
21%
College-Educated
84%
High-School Grad
176.8 sq mi
ZIP Area
322
Density / Sq Mi
$66,390
Median Household Income
$41,159
Median Earnings
$911
Median Rent
$204,048
Median Home Value
Tools
Nearby Markets
| Market | Average Sale Price, $/SF | Average Lease Price, $/SF/Yr |
|---|---|---|
| Vieregg | — | — |
| Phillips | — | — |
| Alda | — | — |
| Doniphan | — | — |
Commercial property in Grand Island, NE asks $269/SF.
Frequently Asked Questions
What is the average price per square foot for commercial property in Grand Island?
Commercial property in Grand Island, NE asks an average of $269 per square foot. The 7 most recent recorded sales traded at a median of $165/SF, so asking sits 63% above the achieved median.
How much does it cost to lease commercial space in Grand Island?
Asking lease rates in Grand Island, NE average $16.00 per square foot per year.
Where does Realmo's Grand Island market data come from?
Realmo compiles Grand Island, NE figures from 7 recent recorded sales, 148 active sale listings, 12 active lease listings, 2,444 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 148 active for-sale and 12 active for-lease listings in Grand Island, 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 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
