Little Rock Multifamily Market Report
By PropZone Research · Data through Q2 2024 · Aggregated from Newmark VA 2025, CBRE, Colliers
Quarterly multifamily market indicators for Little Rock, aggregated by PropZone from Newmark VA 2025, CBRE, Colliers. As of Q2 2024, average asking rent was $1625.00/SF with a 3.0% vacancy rate.
Projected current multifamily pricing — Little Rock
low confidenceProjected asking rent
$1,625/unit/mo
Estimated sale value
$178,759–$223,449/unit
Modeled estimate (income approach) shown as a range — not an appraisal. Projected asking rent × occupancy × net-operating-income margin band ÷ market cap rate, from Q2 2024 Newmark VA 2025 data (cap rate 5.5%, asking rent held flat). Assumes ~97% occupancy and a 52–65% net-operating-income margin.
| Quarter | Asking rent | Vacancy | Net absorption | Under constr. | Source |
|---|---|---|---|---|---|
| Q2 2024 | $1625.00/SF | 3.0% | — | — | Newmark VA 2025 |
| Q2 2024 | $1625.00/SF | 3.0% | 2K SF | — | CBRE |
| Q4 2023 | $1652.00/SF | — | 2K SF | — | Colliers |
Frequently asked questions
- What is the average asking rent for multifamily space in Little Rock?
- As of Q2 2024, the average asking rent for multifamily space in Little Rock was $1625.00/SF, per Newmark VA 2025.
- What is the multifamily vacancy rate in Little Rock?
- The multifamily vacancy rate in Little Rock was 3.0% as of Q2 2024 (Newmark VA 2025).
- Where does PropZone's Little Rock market data come from?
- This report aggregates quarterly multifamily market data for Little Rock from Newmark VA 2025, CBRE, Colliers.
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