On average, listings lease in the $10's per square foot per year. The Downtown Little Rock submarket is experiencing a decline in rates. In the last 3 months, the median rate decreased $1 per sqft per year. That's a 5% decline in rent.
In the last 90 days, 41 listings have come on the market, so you'll want to check back regularly for new listings. About 27% of the listings in the Downtown Little Rock are subleases, so you might be able to sign a shorter term by taking over a previous lease. There aren't many listings below 2,000 square feet posted, so finding a space for a small business might be tough.
The standard measurement for office space in this area is around 1,610 sqft. Most buildings in this region are close to 3 floors. Most buildings in this area were built in 1939 and are Class C.
A large portion of this area is residential, but there's plenty of office_space. Utilities is the dominant industry in this market. Commute by car is the most popular way to get to work amongst Downtown Little Rock occupants. Commuting around 15 minutes a day is the norm for those who opt to reside in this part of town.