Little Rock Office Rent Price & Sales Report

2024 Office Space Rent & Sales

  • $17.14 2024 Avg. Asking Rent
  • 17.24% 2024 Office Vacancy Rate
  • $18.8M2024 Total Office Sales
  • $90.32Avg. Sale Price/SF

Little Rock office price per square foot in 2024 was $17.14 on average. The local office market recorded an average vacancy rate of 17.24% across all asset classes combined. The 5 transactions that closed here throughout 2024 amounted to a total sale volume of $18.8M. Little Rock office space commanded an average sale price per square foot of $90.32.

See how this market compares to the national average: U.S. office space rent & sales.

Average Rent by Office Class

2024 Average Office Rent per Square Foot

  • Little Rock Class A & A+ Office Space$17.54
  • Little Rock Class B Office Space$16.78
  • Arkansas Class A & A+ Office Space$17.54
  • Arkansas Class B Office Space$16.58

Little Rock, AR Office Asking Rents by Class

2024 Office Vacancy Rates in Little Rock

Submarket Asking Rents Vacancy Rates
Little Rock - Northwest $19.21 11.59%
Little Rock - Midtown $16.92 13.56%
Little Rock - Downtown $15.51 21.42%
Data provided by Commercial Edge
Submarket differences in factors such as property mix, degree of accessibility, and availability of amenities influence not only variation in office rent price, but also in vacancy rates. The overall office vacancy rate on the Little Rock market was 17.24% in 2024. Looking at the market stats on a more granular level, data shows that the lowest office vacancy rate in Little Rock was 11.59% in the Little Rock - Northwest submarket, while the highest office vacancy in the market was 21.42%, recorded in Little Rock - Downtown.

Office Spaces for Rent in Arkansas

Little Rock Office Sale Price per SF

  • $90.322024 Avg. Price per SF
  • -33.10%Y-o-Y Avg. PpSF Change
  • $18.8M2024 Office Sales Volume
  • 52024 Number of Transactions

Little Rock, AR Sale Price per SF Trend

  • Little Rock Avg. Sale Price per SF in 2024$90.32
  • Arkansas Avg. Sale Price per SF in 2024$90.32
Little Rock office space cost in 2024 marked a -33.10% change compared to the previous year. The sale price for office space in Little Rock averaged $90.32 per square foot in 2024, across all market subdivisions and asset classes. Conversely, the statewide Arkansas average office sale price during the same time period was $90.32 per square foot.

2024 Office Sales Volume

  • Little Rock, AR Total Office Sales Volume in 2024 $18.8M
  • Little Rock, AR Total Number of Office Sales Closed in 2024 5
A total of 5 deals closed on the Little Rock office market in 2024, adding up to a yearly sales volume of $18.8M. Notably, the largest transaction on the market saw 11101 Anderson Drive change hands for $7,500,000 on 6/4/2024.
Data provided by Commercial Edge

Coworking Spaces in Arkansas

2024 Office Construction in Little Rock, AR

Largest Office Properties Recently Completed in Little Rock
Office building Address SF Completed
15020 Pride Valley Rd 15020 Pride Valley Rd, 72223 4,720 2024
West Little Rock Office Building for Sale 13310 Kanis Rd, 72211 3,907 2018
Kanis Park Professional Building 1401 Kanis Park Drive, 72205 26,000 2015
301 Main Street 301 Main Street, 72114 24,309 2015
1811 Rahling Rd 1811 Rahling Rd, 72223 23,108 2007
The Centre at Ten Office 12921 Cantrell Road, 72223 56,289 2004
For Sale or Lease: Downtown Little Rock Office Condo 521 President Clinton Ave, 72201 45,000 2004
200 River Market Ave 200 River Market Ave, 72201 83,506 2002
Kanis Medical Plaza 9101 Kanis Rd, 72205 49,333 2002
For Sale or Lease: Office Condo with River View and Balconies 200 River Market Ave, 72201 3,272 2002

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.

Data provided by Commercial Edge

See reports for other markets

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 2024 through December 31st 2024. Construction pipeline data represented herein is valid as of February 2025. 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.