On average, listings lease in the $20's per square foot per year. The Hot Springs submarket is going through a a boost in rates. In the last 3 months, the median rate increased $9 per sqft per year. That's a 58% rise in rent.
In the last 90 days, 26 listings have been posted online, which means new listings might be leasing quickly. You'll want to be prepared to make an offer immediately. About 69% of the available space 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 on the market, so finding a space for a small business might be tough.
Even though the median size is 4,710 sqft, there are still 0 new availabilities below 2,000 sqft. Most buildings in this area are close to 1 stories. Most buildings in this area were built in 1965 and are Class A.