Commercial Real Estate Market in Kearney, NE
Updated monthly: sale, lease, property records, location trend, and more… · Last update: August 31
45 active listings and 1,819 off-market properties in Kearney, NE. Commercial property asks $463/SF to buy and $9.25/SF/Yr to lease.
Market Trends
Kearney, NE spans 233.5 square miles in Buffalo County, Nebraska. Figures below refresh monthly; last updated 31 August 2026.
Office
Office vacancy in Kearney, 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 Kearney, NE runs 6.3% across the Midwest region in 2025, down from 8% in 2020.
Vacancy Rate % in Midwest region
Industrial
Industrial vacancy in Kearney, 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 Kearney, 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
- Residential 64.1%
- Commercial 17.1%
- Industrial 16.3%
- Mixed use 1.7%
- Civic 0.7%
Largest Zones share of zoned land by district
Urban Residential Single Family Low Density District
Limited Industrial District
Agricultural District
Community Commercial District
Urban Residential Multifamily Medium Density District
Kearney, NE zones 9,730 acres across 18 districts. Commercial zoning covers 17.1% of zoned land, residential 64.1% and industrial 16.3%. The largest single district is Urban Residential Single Family Low Density District at 35.5%. For commercial buyers the practical constraint is that only 33.4% of land carries a commercial or industrial designation.
Urban Residential Single Family Low Density District (R-1)
The R-1 District is intended to provide for residential development, with gross densities generally below four units per acre
Market overview
Demographics & Economy
Kearney, NE has 40,195 residents in 16,819 households. Density runs 172 people per square mile. Median household income here is $75,125 and median gross rent $922 a month.
40,195
Population
16,819
Households
2.4
Avg Household Size
34
Median Age
38%
College-Educated
94%
High-School Grad
233.5 sq mi
ZIP Area
172
Density / Sq Mi
$75,125
Median Household Income
$38,954
Median Earnings
$922
Median Rent
$252,772
Median Home Value
Tools
Nearby Markets
| Market | Average Sale Price, $/SF | Average Lease Price, $/SF/Yr |
|---|---|---|
| Riverdale | — | — |
| Odessa | — | — |
| Lowell | — | — |
| Gibbon | — | — |
Commercial property in Kearney, NE asks $463/SF.
Frequently Asked Questions
What is the average price per square foot for commercial property in Kearney?
Commercial property in Kearney, NE asks an average of $463 per square foot. The 3 most recent recorded sales traded at a median of $148/SF, so asking sits 212% above the achieved median.
How much does it cost to lease commercial space in Kearney?
Asking lease rates in Kearney, NE average $9.25 per square foot per year.
What zoning applies to commercial property in Kearney?
Kearney, NE zones 9,730 acres across 18 districts, of which 17.1% is commercial and 16.3% industrial. The largest single district is Urban Residential Single Family Low Density District at 35.5% of zoned land. The R-1 District is intended to provide for residential development, with gross densities generally below four units per acre Residential zoning covers 64.1% and open space 0%.
Where does Realmo's Kearney market data come from?
Realmo compiles Kearney, NE figures from 3 recent recorded sales, 40 active sale listings, 5 active lease listings, 1,819 tracked off-market properties, the current Kearney zoning release. Sale and lease figures refresh monthly; vacancy annually. Last updated 31 August 2026.
Methodology & data sources
- Asking prices and averages
- Computed from 40 active for-sale and 5 active for-lease listings in Kearney, 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: 9,730 zoned acres across 18 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, 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
