Little Rock Multifamily Market Report
By CREhunt Research · Data through Q2 2024 · Aggregated from , CBRE, Colliers
Quarterly multifamily market indicators for Little Rock, aggregated by CREhunt from , 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
Projected 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 multiple brokerages 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% | — | — | |
| 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.
- What is the multifamily vacancy rate in Little Rock?
- The multifamily vacancy rate in Little Rock was 3.0% as of Q2 2024.
- Where does CREhunt's Little Rock market data come from?
- This report aggregates quarterly multifamily market data for Little Rock from CBRE, Colliers.
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