The typical asking rate per listing is in the $10's per square foot per year. The Faulkner County submarket is seeing a decrease in rates. In the last 3 months, the median rate decreased $7 per sqft per year. That's a 25% decline in rent.
In the last 90 days, 21 listings have been listed, which means leases might be going fast. You'll want to be prepared to tour spaces as quick as possible. About 14% of the available space in the Faulkner County are subleases, so you might be able to find a shorter term or below market rent. There aren't many listings below 2,000 square feet on the market, so finding a space for a small business might be tough.
Even though the median size is 6,590 sqft, there are still 0 new availabilities below 2,000 sqft. Most buildings in this market are approximately 1 floors. Most buildings in this area were built in 2000 and are Class B.