Omaha daily bee. (Omaha [Neb.]) 187?-1922, 1910-08-07
TIMELY REAL ESTATE GOSSIP
Supply Of Houses Equals the Demand
4 in Omaha
RATIO IS LOWER THAN DENVER
This Condition IL Benefit 60 Renters
= --Better Glass Of offices Not
u. Observation-Disclosures Sees Ez-
" pansIoB Ahead of It.

Rentals have not Increased greatly In
Omaha this year either for houses, flats
and apartments or office quarters. The
reason Is that new buildings Of all sorts
have been erected In such number that the
supply keeps just little ahead of the
demand. generally speaking
While there are compartments vacant
buildings OF any kind in Omaha,-far fewer
than in Denver OF Kansas City. and fewer
proportionateiy too-there are still few
empty houses and a less number Of empty
offices and stores.
From the tenants standpoint this is a
good thing
Suppose there were no vacant houses at
all. The landlord thereupon decides to
boost the rent.
Must have s45 instead Of $s5 next year"
says he to the renter Of the apartment or
cottage or house.
Il won't pay it, replies the tenant, with
a good show Of indignation. "Ill move out
first"
"oh. very WE'LL" replies the landlord,
but where will you mover
Reats Remain stable.
The proportion Of demand and supply
with respect to houses and apartments has
thus kept rents pretty stable the last year
a similar condition may be noted with re-
spect to office buildings rentals great
many changes have been going on among
tenants Of this class lately, due 20 the com
petition OF new buildings. Some people
are going to pay more rent than before, out
Il will be for more desirable quarters.
The demand for low-priced offices is large
and will continue to be large SO that rev
offices will remain vacant long in any
building and for that matter few are empty
OF tenants now.
Good offices in Demand.
OF the better offices Omaha has for
some years had hardy enough TO meet
tire demand and some big houses have
actually hesitated to establish lranches In
the city because of inability to secure the
quarters desired.
Florence feels itself about to undergo a
healthy expansion and sales in that neigh
bkhood, together with present and pros
Ssetive improvements. Justify the belief
what makes any city or section?" asks
one enthusiastic resident of the northern
suburb 1T is Il importation said he
answering his own question. Florence will
shortly have a double track direct stree,
car line with cars running st top speed
from Florence clear to Omaha. There Is
also steam road on which we rode down
in the morning and back again in the aft
ernoon during the street car strike, and we
also have the river
Facilities of Florence.
''Thlrtieth street can now be reach d
from Bristol, Spaulding and Ames avenue
and the boulevard is building northwart
rapidly.
There has been a great deal of pavipl
In the village and the pproach streets
have all been improved Moreover tn,
grade TO the center Of Omaha is good al
the way. A man can drive his auto ther'
= without once changing gears"
Principal sales in Florence during tn,
week past were made by Hastings s. Hey
Zen. who disposed OF dozen houses o.
lots to newcomers in the suburb.
Debate as to whether Omaha real estat
Ia good business proposition may b
deemed settled by the fact that practically
all the men who do invest in this are as
sured Of at least 10 per cent return befor
they go in. You can't get them to touch
herwise." declares Harry Turkey Of luke
Z Son.