The typical asking rate per listing is in the $10's per square foot per year. The Fort Smith Southside submarket is seeing a decrease in rates. In the last 3 months, the median rate decreased $2 per sqft per year. That's a 13% decrease in rent.
In the last 90 days, 18 listings have come on the market, which means listings most likley are leasing quickly. You'll want to be prepared to tour spaces as quick as possible. About 11% of the listings in the Fort Smith Southside 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 2,530 sqft, there are still 0 new availabilities below 2,000 sqft. Most properties in this region are around 2 stories. Most buildings in this area were built in 1988 and are Class B.
Not much of the real estate is used for commercial space, so it might be hard to find office space. Construction is the dominant industry in this region. Commute by taxi is the most popular way to get to work amongst Fort Smith Southside residents. Commuting under 5 minutes a day is the norm for those who opt to reside in this part of town.