Multifamily vacancy rate in Nebraska’s capital increases to multidecade high

The multifamily market in the Lincoln metropolitan area, home to Nebraska’s capital city, enters the final quarter of the year at an inflection point, with vacancy rising to 7.4% — roughly matching a multidecade high and significantly above the region’s average of 5.1% from 2015 to 2019. This marks a continuation of the upward trajectory that began in late 2023, when vacancy finally broke above its pre-pandemic baseline.