Hot Springs Office Space

Hot Springs

Office Space Market Report

Number of Listings (last 90 days)
26
Median Rate ($/sqft/yr)
$25
Median Size (sqft)
10,950
As of: July 27, 2017

Hot Springs Rates

On average, listings lease in the $20's per square foot per year. The Hot Springs region is experiencing a an increase in rates. In the last 3 months, the median rate increased $9 per sqft per year. That's a 58% increase in rent.

Hot Springs Listing Supply

In the last 90 days, 26 listings have been made available, which means new listings are probably leasing quickly. You'll want to be prepared to tour spaces as quick as possible. About 35% of the office spaces in the Hot Springs 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 available, so finding a space for a small business might be tough.

Even though the median size is 10,950 sqft, there are still 0 new availabilities below 2,000 sqft. Most buildings in this area are around 2 stories. Most buildings in this region were built in 1974 and are Class A.

Hot Springs Community

Market Report

Trends and status of the commercial real estate market in Hot Springs.
Market Report

Market Data

Real time and historical data on commercial real estate listings in Hot Springs.
Research

Garland County Submarkets