2023 Office Space Rent & Sales
- $19.74 2023 Avg. Asking Rent
- 8.73% 2023 Office Vacancy Rate
Little Rock office price per square foot in 2023 was $19.74 on average. The local office market recorded an average vacancy rate of 8.73% across all asset classes combined.
See how this market compares to the national average: U.S. office space rent & sales.
Average Rent by Office Class
2023 Average Office Rent per Square Foot
- Arkansas Class A & A+ Office Space$20.32
- Arkansas Class B Office Space$19.11
- Arkansas Class C Office Space$19.74
Little Rock, AR Office Asking Rents by Class
2023 Office Vacancy Rates in Little Rock
| Submarket | Asking Rents | Vacancy Rates |
|---|---|---|
| Little Rock - Midtown | $23.00 | 8.58% |
| Little Rock - Downtown | $21.00 | 7.61% |
| Little Rock - Northwest | $19.30 | 9.85% |
Office Spaces for Rent in Arkansas
Coworking Spaces in Arkansas
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2023 Office Construction in Little Rock, AR
| Office building | Address | SF | Completed |
|---|---|---|---|
| 15020 Pride Valley Rd | 15020 Pride Valley Rd, 72223 | 4,720 | 2024 |
| Premier Medical Plaza | 10901 North Rodney Parham Road, 72212 | 113,859 | 2019 |
| ATA World Headquarters | 1800 Riverfront Drive, 72202 | 47,303 | 2016 |
| Kanis Park Professional Building | 1401 Kanis Park Drive, 72205 | 26,000 | 2015 |
| 301 Main Street | 301 Main Street, 72114 | 24,309 | 2015 |
| Mann Building | 322 Main Street, 72201 | 112,000 | 2013 |
| 1811 Rahling Rd | 1811 Rahling Rd, 72223 | 23,108 | 2007 |
| For Sale: Class A Office Building in West Little Rock | 7003 Valley Ranch Dr, 72223 | 21,600 | 2006 |
| 14104 Taylor Loop Rd | 14104 Taylor Loop Rd, 72223 | 1,232 | 2006 |
| The Centre at Ten Office | 12921 Cantrell Road, 72223 | 56,289 | 2004 |
Worth noting among recent office completions on the Little Rock market is 15020 Pride Valley Rd, which is currently the largest new office development in the city, at 4,720 square feet.
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This market stats report is based on analysis of city-level data that includes office properties equal to or larger than 25,000 square feet in size. Averages were calculated based on values dated January 1st 2023 through December 31st 2023. Construction pipeline data represented herein is valid as of April 2024. The information on this page was compiled using data provided by CommercialEdge, a market intelligence solution which offers comprehensive real market knowledge on all Little Rock commercial properties sized 25,000 square feet or larger.
While every effort was made to ensure the accuracy of the data presented in this report, the information is provided “as is” and neither CommercialCafe nor CommercialEdge can guarantee that the information provided is complete.