On average, listings lease in the $10's per square foot per year. The Hot Springs submarket is experiencing a decline in rates. In the last 3 months, the median rate fell $3 per sqft per year. That's a 12% decrease in rent.
In the last 90 days, 25 listings have been posted online, which means new availabilities most likley are going fast. You'll want to be prepared to tour spaces as quick as possible. There aren't many listings below 2,000 square feet available, so finding a space for a small business might be tough.
The standard measurement for office space in this area is around 900 sqft. Most buildings in this market are approximately 2 stories. Most buildings in this area were built in 1974 and are Class A.