Commercial Real Estate Market in North Platte, NE
Updated monthly: sale, lease, property records, location trend, and more… · Last update: August 31
58 active listings and 1,000 off-market properties in North Platte, NE.
Market Trends
North Platte, NE spans 586.3 square miles in Lincoln County, Nebraska. Figures below refresh monthly; last updated 31 August 2026.
Office
Office vacancy in North Platte, 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 North Platte, NE runs 6.3% across the Midwest region in 2025, down from 8% in 2020.
Vacancy Rate % in Midwest region
Industrial
Industrial vacancy in North Platte, 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 North Platte, NE runs 8% across the Midwest region in 2025, up from 6.5% in 2022.
Vacancy Rate % in Midwest region
Market overview
Demographics & Economy
North Platte, NE has 28,589 residents in 13,662 households. Density runs 49 people per square mile. Median household income here is $61,833 and median gross rent $878 a month.
28,589
Population
13,662
Households
2.1
Avg Household Size
41
Median Age
20%
College-Educated
93%
High-School Grad
586.3 sq mi
ZIP Area
49
Density / Sq Mi
$61,833
Median Household Income
$37,358
Median Earnings
$878
Median Rent
$183,100
Median Home Value
Tools
Nearby Markets
| Market | Average Sale Price, $/SF | Average Lease Price, $/SF/Yr |
|---|---|---|
| Bignell | — | — |
| Hershey | — | — |
| Maxwell | — | — |
| Sutherland | — | — |
Commercial property in North Platte, NE asks $220/SF.
Frequently Asked Questions
What is the average price per square foot for commercial property in North Platte?
Commercial property in North Platte, NE asks an average of $220 per square foot. The 6 most recent recorded sales traded at a median of $117/SF, so asking sits 88% above the achieved median.
Where does Realmo's North Platte market data come from?
Realmo compiles North Platte, NE figures from 7 recent recorded sales, 56 active sale listings, 2 active lease listings, 1,000 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 56 active for-sale and 2 active for-lease listings in North Platte, 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
