1st Quarter 2026 Douglas County
In the first quarter of 2026, Douglas County’s commercial real estate market showed improving conditions across several major property sectors. Multi-family and office vacancy declined, retail remained highly occupied, and lease rates increased across all four sectors. NavPoint Real Estate Group’s latest market update reflects generally positive momentum as the county entered 2026.
Multi-Family Market:
The multi-family sector reported an average lease rate of $2.15 per square foot and a vacancy rate of 10.7%. Lease rates increased from $2.10 per square foot in the fourth quarter, while vacancy declined from 12.3%, indicating improved absorption and stronger occupancy conditions.
Retail Market:
Retail continued to demonstrate strong fundamentals, posting an average lease rate of $30.88 per square foot and a low vacancy rate of 2.03%. Lease rates increased from $30.51 per square foot in the previous quarter, while vacancy edged down from 2.1%, reflecting continued demand and limited availability across the market.
Office Market:
Office properties recorded an average lease rate of $29.50 per square foot, up from $29.12 in the fourth quarter, while vacancy declined from 14.3% to 12.9%. Although availability remains elevated compared with other sectors, the meaningful quarter-over-quarter improvement suggests positive absorption within the Douglas County office market.
Industrial Market:
The industrial sector reported an average lease rate of $14.76 per square foot and a vacancy rate of 6.4%. Lease rates increased from $14.52 per square foot in the previous quarter, while vacancy rose from 5.4%, creating additional options for industrial and flex users despite strengthening rental rates.
Overall, Douglas County began 2026 with encouraging momentum across much of its commercial real estate market. Multi-family and office experienced notable improvements in occupancy, while retail continued to benefit from limited availability and strong lease rates. Although industrial vacancy increased, pricing moved higher, pointing to continued demand within the sector. These first-quarter trends reinforce Douglas County’s position as an active and evolving commercial real estate market.
Read more at: https://navpointre.com
