2022 Office Space Rent & Sales
- $17.98 2022 Avg. Asking Rent
- 0.51% Y-o-Y Avg. Asking Rent Change
- 10.65% 2022 Office Vacancy Rate
- $95.7M2022 Total Office Sales
- $77.16Avg. Sale Price/SF
Little Rock office price per square foot in 2022 was $17.98 on average. This marked a +0.51% change in office space price per square foot compared to the previous year. The local office market recorded an average vacancy rate of 10.65% across all asset classes combined. The 11 transactions that closed here throughout 2022 amounted to a total sale volume of $95.7M. Little Rock office space commanded an average sale price per square foot of $77.16.
Average Rent by Office Class
2022 Average Office Rent per Square Foot
- Little Rock Class A & A+ Office Space$20.56
- Little Rock Class B Office Space$17.24
- Little Rock Class C Office Space$17.00
- Arkansas Class A & A+ Office Space$20.56
- Arkansas Class B Office Space$17.24
- Arkansas Class C Office Space$17.00
Little Rock, AR Office Asking Rents by Class
Average office rent in Little Rock rested at $17.98 per square foot in 2022. As would be expected, office rent price showed some variation from one asset class to another. As such, the asking rent for class A office space in Little Rock averaged $20.56 per square foot. Across all submarkets, class B office space recorded an average asking rent of $17.24 per square foot. Meanwhile, assets encompassing class C office space saw asking rents of $17.00 per square foot, on average. Comparably, statewide Arkansas average office rents by class in 2022 were: $20.56 per square foot for class A office space; $17.24 per square foot for class B office space; $17.00 per square foot for class C office space.
2022 Office Vacancy Rates in Little Rock
Submarket | Asking Rents | Vacancy Rates |
---|---|---|
Little Rock - Midtown | $23.00 | 18.50% |
Little Rock - Northwest | $19.42 | 12.04% |
Little Rock - Downtown | $14.43 | 7.01% |
Little Rock Office Sale Price per SF
- $77.162022 Avg. Price per SF
- -19.92%Y-o-Y Avg. PpSF Change
- $95.7M2022 Office Sales Volume
- 112022 Number of Transactions
Little Rock, AR Sale Price per SF Trend
- Little Rock Avg. Sale Price per SF in 2022$77.16
- Arkansas Avg. Sale Price per SF in 2022$74.87
2022 Office Sales Volume
- Little Rock, AR Total Office Sales Volume in 2022 $95.7M
- Little Rock, AR Total Number of Office Sales Closed in 2022 11
Largest Little Rock Office Sales in 2022
Property name | Address | Date | Price |
---|---|---|---|
Regions Center Office Tower | 400 West Capitol Avenue | 5/19/2022 | $31,000,000 |
4001 North Rodney Parham Road | 4001 North Rodney Parham Road | 12/16/2022 | $28,000,000 |
WestLake Corporate Park - Danville Building | 10810 Executive Center Drive | 5/3/2022 | $15,750,000 |
9101 Kanis Road | 9101 Kanis Road | 1/18/2022 | $10,100,000 |
Bank of America Plaza | 200 West Capitol Avenue | 5/31/2022 | $8,000,000 |
Coworking Spaces in Arkansas
- Houston Coworking Space
- Houston Coworking Space
- Chicago Coworking Space
- Dallas Coworking Space
- Dallas Coworking Space
- Denver Coworking Space
- Austin Coworking Space
- Austin Coworking Space
- Nashville Coworking Space
- Nashville Coworking Space
- San Antonio Coworking Space
- San Antonio Coworking Space
- Kansas City Coworking Space
- Kansas City Coworking Space
- Plano Coworking Space
- Plano Coworking Space
- Fort Worth Coworking Space
- Fort Worth Coworking Space
- Memphis Coworking Space
- Colorado Springs Coworking Space
- St. Louis Coworking Space
- Louisville Coworking Space
- Memphis Coworking Space
- New Orleans Coworking Space
- Birmingham Coworking Space
- Boulder Coworking Space
- New Orleans Coworking Space
- Tulsa Coworking Space
- Chattanooga Coworking Space
- McKinney Coworking Space
2022 Office Construction in Little Rock, AR
Office building | Address | SF | Completed |
---|---|---|---|
Premier Medical Plaza | 10901 North Rodney Parham Road, 72212 | 113,859 | 2019 |
Kanis Park Professional Building | 1401 Kanis Park Drive, 72205 | 26,000 | 2015 |
Mann Building | 322 Main Street, 72201 | 112,000 | 2013 |
5300 Highland Drive | 5300 Highland Dr, 72223 | 3,200 | 2005 |
Colonel Glenn Plaza | 10912 Colonel Glenn Rd, 72204 | 23,304 | 2004 |
For Sale or Lease: 19 Remington Rd | 19 Remington Dr, 72204 | 34,294 | 2002 |
Class A Office Space for Lease in West Little Rock | 904 Autumn Rd, 72211 | 63,488 | 1996 |
The Colonnade | 315 N. Bowman, 72211 | 28,296 | 1988 |
7 Office Park Drive | 7 Office Park Dr, 72211 | 19,591 | 1987 |
Simmons Tower | 425 W Capitol Ave, 72201 | 740,000 | 1985 |
Worth noting among recent office completions on the Little Rock market is Premier Medical Plaza, which is currently the largest new office development in the city, at 113,859 square feet.
See reports for other markets
- Seattle Office Rent Price
- New York City Office Rent Price
- San Francisco Office Rent Price
- Charlotte Office Rent Price
- San Antonio Office Rent Price
- Washington Office Rent Price
- Los Angeles Office Rent Price
- Phoenix Office Rent Price
- Dallas Office Rent Price
- Austin Office Rent Price
- Atlanta Office Rent Price
- Denver Office Rent Price
- San Diego Office Rent Price
- Chicago Office Rent Price
- Houston Office Rent Price
- Miami Office Rent Price
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 2022 through December 31st 2022. Construction pipeline data represented herein is valid as of April 2023. 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.