Commercial Real Estate Market in Papillion, NE
Updated monthly: sale, lease, property records, location trend, and more… · Last update: August 31
165 active listings and 644 off-market properties in Papillion, NE. Commercial property asks $10/SF to buy and $18.34/SF/Yr to lease.
Market Trends
Papillion, NE spans 63.8 square miles in Sarpy County, Nebraska. Figures below refresh monthly; last updated 31 August 2026.
Office
Office vacancy in Papillion, 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 Papillion, NE runs 6.3% across the Midwest region in 2025, down from 8% in 2020.
Vacancy Rate % in Midwest region
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%.
Vacancy Rate % in Midwest region
Multifamily
Multifamily space in Papillion, NE asks $186/SF to buy. Vacancy runs 8% across the Midwest region in 2025, up from 6.5% in 2022.
Average Sale Price $/SF
Listings
Vacancy Rate % in Midwest region
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
Agricultural District
Single Family Residential Medium Density
Multiple Family Residential District
Limited Industrial District
Mixed Use
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.
Multiple Family Residential District (R-4)
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.
82,959
Population
33,152
Households
2.5
Avg Household Size
36
Median Age
45%
College-Educated
97%
High-School Grad
63.8 sq mi
ZIP Area
1,300
Density / Sq Mi
$103,408
Median Household Income
$53,604
Median Earnings
$1,265
Median Rent
$299,599
Median Home Value
Tools
Nearby Markets
| Market | Average Sale Price, $/SF | Average Lease Price, $/SF/Yr |
|---|---|---|
| La Vista | — | $15.11 |
| Richfield | — | — |
| Bellevue | — | $15.26 |
| Springfield | — | — |
Commercial property in Papillion, NE asks $10/SF.
Frequently Asked Questions
What is the average price per square foot for commercial property in Papillion?
Commercial property in Papillion, NE asks an average of $10 per square foot. The 3 most recent recorded sales traded at a median of $225/SF. Multifamily carries the highest asking price at $186/SF.
How much does it cost to lease commercial space in Papillion?
Asking lease rates in Papillion, NE average $18.34 per square foot per year.
What zoning applies to commercial property in Papillion?
Papillion, NE zones 25,038 acres across 14 districts, of which 2.8% is commercial and 7.6% industrial. The largest single district is Agricultural District at 54.6% of zoned land. Residential zoning covers 82.1% and open space 0%.
Where does Realmo's Papillion market data come from?
Realmo compiles Papillion, NE figures from 5 recent recorded sales, 144 active sale listings, 21 active lease listings, 644 tracked off-market properties, the current Papillion zoning release. Sale and lease figures refresh monthly; vacancy annually. Last updated 31 August 2026.
Methodology & data sources
- Asking prices and averages
- Computed from 144 active for-sale and 21 active for-lease listings in Papillion, 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: 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 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
