Cavan is excited about the recent expansion into Omaha, Nebraska for 2 projects and a third on the way. On the ground development has already started!
Omaha’s rapidly growing population, strong job market, and low cost of living are driving high demand for rental homes.
Here are 10 reasons why Omaha, Nebraska is an emerging, but also stable market for Build-To-Rent investment.
- Economic Growth: Omaha has a robust and diverse economy, with strong sectors in finance, insurance, telecommunications, and transportation. This economic stability attracts a steady influx of residents, increasing the demand for rental properties.
- Population Growth: The city has been experiencing consistent population growth, which drives the need for more housing options. This growth is fueled by Omaha’s reputation for a high quality of life and affordable living.
- Affordable Land and Development Costs: Compared to other major cities, Omaha offers relatively affordable land and lower development costs, making it an attractive option for real estate investors looking to maximize their returns.
- Strong Rental Market: Omaha has a strong rental market with high occupancy rates and competitive rental prices. This makes it a favorable environment for BTR and multi-family investments.
- Urban Development and Revitalization: The city has been investing in urban development and revitalization projects, which enhance the appeal of living in Omaha and increase property values.
- Educational Institutions: Omaha is home to several universities and colleges, which contribute to a steady demand for rental housing from students and faculty.
- Corporate Presence: The presence of major corporations and headquarters in Omaha provides a stable employment base, attracting professionals who prefer renting over buying.
- Transportation and Infrastructure: Omaha’s well-developed transportation network and infrastructure support the growth of residential areas, making it easier for residents to commute and access amenities.
- Community and Lifestyle: Omaha offers a vibrant community with various cultural, recreational, and entertainment options, making it an attractive place to live for different demographics.
- Government Support: Local government policies and incentives for real estate development further encourage investment in the BTR and multi-family sectors.
