Little Rock Office Market Report
By CREhunt Research · Data through Q4 2023 · Aggregated from Colliers, Cushman & Wakefield
Quarterly office market indicators for Little Rock, aggregated by CREhunt from Colliers, Cushman & Wakefield. As of Q4 2023, vacancy was 8.7%, per Colliers.
| Quarter | Asking rent | Vacancy | Net absorption | Under constr. | Source |
|---|---|---|---|---|---|
| Q4 2023 Colliers | — | 8.7% | 57 SF | — | Colliers |
| Q4 2022 Cushman & Wakefield | $39.00/SF/yr | 27.3% | 843K SF | — | Cushman & Wakefield |
| Q4 2022 Colliers | $31.38/SF/yr | 9.3% | -156K SF | — | Colliers |
| Q4 2019 Cushman & Wakefield | $31.36/SF/yr | 13.3% | 10.9M SF | — | Cushman & Wakefield |
| Q3 2017 Colliers | $6.24/SF/yr | 6.2% | -37K SF | — | Colliers |
How the brokerage sources compare
For Q4 2022, the brokerages CREhunt aggregates for Little Rock office did not fully agree. Asking-rent estimates differ by $7.62/SF/yr — from $31.38/SF/yr to $39.00/SF/yr. CREhunt reconciles these into a single consensus median rather than relying on any one brokerage.
| Source | Vacancy | Asking rent | Cap rate |
|---|---|---|---|
| Colliers | 9.3% | $31.38/SF/yr | — |
| Cushman & Wakefield | 27.3% | $39.00/SF/yr | — |
Per-brokerage figures for Q4 2022, aggregated from published brokerage market reports.
Frequently asked questions
- What is the average asking rent for office space in Little Rock?
- CREhunt aggregates office asking-rent data for Little Rock from major brokerage market reports; see the quarterly table for the latest available figures.
- What is the office vacancy rate in Little Rock?
- The office vacancy rate in Little Rock was 8.7% as of Q4 2023 (Colliers).
- Where does CREhunt's Little Rock market data come from?
- This report aggregates quarterly office market data for Little Rock from Colliers, Cushman & Wakefield.
- How much do brokerage estimates differ for office space in Little Rock?
- For Q4 2022, the brokerage sources CREhunt aggregates for Little Rock did not fully agree. Asking-rent estimates differ by $7.62/SF/yr — from $31.38/SF/yr to $39.00/SF/yr. CREhunt reconciles these into a single consensus median rather than relying on any one brokerage.
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