Commercial Real Estate Market in Papillion, NE
Updated monthly: sale, lease, property records, location trend, and more… · Last update: October 31
30 active listings and 643 off-market properties in Papillion, NE. Commercial property asks $165/SF to buy (based on 3 listings) and $18.75/SF/Yr to lease.
Market Trends
Papillion, NE spans 63.8 square miles in Sarpy County, Nebraska. Figures below refresh monthly; last updated 31 October 2026.
Office
Office vacancy in Papillion, NE runs 21.3% across the Midwest region in 2025, up from 13.7% in 2019.
Retail
Retail vacancy in Papillion, NE runs 6.3% across the Midwest region in 2025, down from 8% in 2020.
Industrial
Industrial vacancy in Papillion, 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 Papillion, 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 82.1%
- Industrial 7.6%
- Mixed use 7.4%
- Commercial 2.8%
Largest Zones share of zoned land by district
Papillion, NE zones 25,038 acres across 14 districts. Commercial zoning covers 2.8% of zoned land, residential 82.1% and industrial 7.6%. The largest single district is Agricultural District at 54.6%. For commercial buyers the practical constraint is that only 10.5% of land carries a commercial or industrial designation.
Article IX R-3 Urban Family Residential District § 205-60 Purpose. § 205-61 Site development regulations. § 205-62 Zero lot line for single-family attached development. § 205-63 (Reserved) § 205-64 (Reserved) Article X R-4 Multiple-Family Residential District § 205-65 Purpose. § 205-66 Site development regulations. § 205-67 Zero-lot-line for single-family at…
Market overview
Demographics & Economy
Papillion, NE has 82,959 residents in 33,152 households. Density runs 1,300 people per square mile. Median household income here is $103,408 and median gross rent $1,265 a month.
Tools
Nearby Markets
| Market | Median Asking Price, $/SF | Median Asking Rent, $/SF/Yr |
|---|---|---|
| Bellevue | $116 | $15.88 |
| Council Bluffs | $107 | $16.13 |
Commercial property in Papillion, NE asks $165/SF. The 2 bordering markets run from $107/SF in Council Bluffs to $116/SF in Bellevue, and the city sits above their $111/SF median.
Frequently Asked Questions
What is the median price per square foot for commercial property in Papillion?
How much does it cost to lease commercial space in Papillion?
How does Papillion compare to nearby markets on price?
What zoning applies to commercial property in Papillion?
Where does Realmo's Papillion market data come from?
Methodology & data sources
- Asking prices and medians
- There are 7 active for-sale and 23 active for-lease listings in Papillion, NE. The medians are based on 3 of the for-sale and 10 of the for-lease listings, those that state a price or rent per square foot. 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: 25,038 zoned acres across 14 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
