Commercial Real Estate Market in Hastings, NE
Updated monthly: sale, lease, property records, location trend, and more… · Last update: August 31
26 active listings and 1,514 off-market properties in Hastings, NE.
Market Trends
Hastings, NE spans 150.2 square miles in Adams County, Nebraska. Figures below refresh monthly; last updated 31 August 2026.
Office
Office vacancy in Hastings, 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 Hastings, NE runs 6.3% across the Midwest region in 2025, down from 8% in 2020.
Vacancy Rate % in Midwest region
Industrial
Industrial vacancy in Hastings, 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 Hastings, NE runs 8% across the Midwest region in 2025, up from 6.5% in 2022.
Vacancy Rate % in Midwest region
Zoning & Land Use
Land Use Mix share of zoned land by category
- Agricultural 73.6%
- Industrial 13.6%
- Residential 9.1%
- Commercial 1.5%
- Special 1.2%
- Civic 0.8%
- Mixed use 0.1%
Largest Zones share of zoned land by district
Agricultural District
Heavy Industrial District
Urban Single Family Residential District
Light Industrial District
Multiple Family Residential District
Agricultural District (A)
This district is intended to be a transitional use district primarily encompassing those urban and suburban agriculture lands located outside the corporate limits of the City, within the City's two mile extraterritorial zoning jurisdictional limits
Market overview
Demographics & Economy
Hastings, NE has 26,269 residents in 11,809 households. Density runs 175 people per square mile. Median household income here is $63,547 and median gross rent $858 a month.
26,269
Population
11,809
Households
2.2
Avg Household Size
37
Median Age
29%
College-Educated
91%
High-School Grad
150.2 sq mi
ZIP Area
175
Density / Sq Mi
$63,547
Median Household Income
$36,202
Median Earnings
$858
Median Rent
$181,800
Median Home Value
Tools
Nearby Markets
| Market | Average Sale Price, $/SF | Average Lease Price, $/SF/Yr |
|---|---|---|
| Ingleside | — | — |
| Buffalo | — | — |
| Juniata | — | — |
| Hansen | — | — |
Commercial property in Hastings, NE asks $202/SF.
Frequently Asked Questions
What is the average price per square foot for commercial property in Hastings?
Commercial property in Hastings, NE asks an average of $202 per square foot. The 7 most recent recorded sales traded at a median of $116/SF, so asking sits 74% above the achieved median.
Where does Realmo's Hastings market data come from?
Realmo compiles Hastings, NE figures from 7 recent recorded sales, 24 active sale listings, 2 active lease listings, 1,514 tracked off-market properties, the current Hastings zoning release. Sale and lease figures refresh monthly; vacancy annually. Last updated 31 August 2026.
Methodology & data sources
- Asking prices and averages
- Computed from 24 active for-sale and 2 active for-lease listings in Hastings, 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: 43,033 zoned acres across 15 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
