Little Rock Office Market Report
By PropZone Research · Data through Q4 2023 · Aggregated from Cushman & Wakefield, CBRE, Colliers, Lee Associates
Quarterly office market indicators for Little Rock, aggregated by PropZone from Cushman & Wakefield, CBRE, Colliers, Lee Associates. As of Q4 2023, average asking rent was $55.20/SF.
Projected current office pricing — Little Rock
indicative confidenceModeled estimate (income approach) shown as a range — not an appraisal. No market-specific cap rate is published for Little Rock office yet, so this applies the typical cap rate across comparable office markets — treat it as a rough, indicative range that sharpens as sourced cap rates arrive. Projected asking rent × occupancy × net-operating-income margin band ÷ a benchmark cap rate, from Q4 2023 asking-rent data (benchmark cap rate 6.6%–8.6%, asking rent held flat). Assumes ~92% occupancy (vacancy not reported) and a 50–65% net-operating-income margin.
| Quarter | Asking rent | Vacancy | Net absorption | Under constr. | Source |
|---|---|---|---|---|---|
| Q4 2023 | $55.20/SF | — | -3K SF | — | Cushman & Wakefield |
| Q4 2023 | — | 15.1% | 1.7M SF | — | CBRE |
| Q4 2023 | — | 8.7% | 0K SF | — | Colliers |
| Q4 2022 | $31.38/SF | 9.3% | -156K SF | — | Colliers |
| Q4 2022 | $39.00/SF | 27.3% | 843K SF | — | Cushman & Wakefield |
| Q4 2019 | $48.36/SF | 10.6% | 1.9M SF | — | Lee Associates |
| Q4 2019 | $31.36/SF | 13.3% | 10.9M SF | — | Cushman & Wakefield |
| Q3 2017 | $6.24/SF | 6.2% | -37K SF | — | Colliers |
Frequently asked questions
- What is the average asking rent for office space in Little Rock?
- As of Q4 2023, the average asking rent for office space in Little Rock was $55.20/SF, per Cushman & Wakefield.
- What is the office vacancy rate in Little Rock?
- Vacancy data for Little Rock office is aggregated from brokerage reports; refer to the quarterly table for available quarters.
- Where does PropZone's Little Rock market data come from?
- This report aggregates quarterly office market data for Little Rock from Cushman & Wakefield, CBRE, Colliers, Lee Associates.