Commercial Real Estate Market in Murray, NE
Updated monthly: sale, lease, property records, location trend, and more… · Last update: August 31
Market Trends
Murray, NE spans 29.6 square miles in Cass County, Nebraska. Figures below refresh monthly; last updated 31 August 2026.
Office
Office vacancy in Murray, 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 Murray, NE runs 6.3% across the Midwest region in 2025, down from 8% in 2020.
Vacancy Rate % in Midwest region
Industrial
Industrial vacancy in Murray, 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 Murray, 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 89.5%
- Commercial 5.9%
- Industrial 4.7%
Largest Zones share of zoned land by district
Single Family Residential
Industrial
General Commercial
Multifamily Residential
Highway Commercial
Murray, NE zones 218 acres across 6 districts. Commercial zoning covers 5.9% of zoned land, residential 89.5% and industrial 4.7%. The largest single district is Single Family Residential at 86.9%. For commercial buyers the practical constraint is that only 10.5% of land carries a commercial or industrial designation.
Market overview
Demographics & Economy
Murray, NE has 900 residents in 286 households. Density runs 30 people per square mile. Median household income here is $88,636 and median gross rent $1,125 a month.
900
Population
286
Households
3.1
Avg Household Size
38
Median Age
27%
College-Educated
92%
High-School Grad
29.6 sq mi
ZIP Area
30
Density / Sq Mi
$88,636
Median Household Income
$51,042
Median Earnings
$1,125
Median Rent
$222,700
Median Home Value
Tools
Nearby Markets
| Market | Average Sale Price, $/SF | Average Lease Price, $/SF/Yr |
|---|---|---|
| Union | — | — |
| Plattsmouth | — | — |
| Nehawka | — | — |
| Bartlett | — | — |
Frequently Asked Questions
What zoning applies to commercial property in Murray?
Murray, NE zones 218 acres across 6 districts, of which 5.9% is commercial and 4.7% industrial. The largest single district is Single Family Residential at 86.9% of zoned land. Residential zoning covers 89.5% and open space 0%.
Methodology & data sources
- 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: 218 zoned acres across 6 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
