Commercial Real Estate Market in Kearney, NE
Updated monthly: sale, lease, property records, location trend, and more… · Last update: October 31
23 active listings and 1,819 off-market properties in Kearney, NE.
Market Trends
Kearney, NE spans 233.5 square miles in Buffalo County, Nebraska. Figures below refresh monthly; last updated 31 October 2026.
Office
Office vacancy in Kearney, NE runs 21.3% across the Midwest region in 2025, up from 13.7% in 2019.
Retail
Retail vacancy in Kearney, NE runs 6.3% across the Midwest region in 2025, down from 8% in 2020.
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%.
Multifamily
Multifamily vacancy in Kearney, NE runs 8% across the Midwest region in 2025, up from 6.5% in 2022.
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
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.
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.
Tools
Frequently Asked Questions
What is the median price per square foot for commercial property in Kearney?
What zoning applies to commercial property in Kearney?
Where does Realmo's Kearney market data come from?
Methodology & data sources
- Asking prices and medians
- There are 19 active for-sale and 4 active for-lease listings in Kearney, NE. The sale median is based on 5 of the for-sale listings that state a price per square foot; too few for-lease listings state a rent per square foot for a rent median. These are ASKING figures from live listings, not closed-transaction prices, and a figure resting on fewer than 10 listings says so where it is quoted.
- 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 October 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 October 2026 · How Realmo checks market page data · Report a data issue
