Commercial Real Estate Market in Conway, AR
Updated monthly: sale, lease, property records, location trend, and more… · Last update: September 30
364 active listings and 2,247 off-market properties in Conway, AR. Commercial property asks $18/SF to buy and $11.86/SF/Yr to lease.
Market Trends
Conway, AR spans 162.5 square miles in Faulkner County, Arkansas. Figures below refresh monthly; last updated 30 September 2026.
Office
Office vacancy in Conway, AR runs 20.2% across the South region in 2025, up from 14.4% in 2019.
Vacancy Rate % in South region
Retail
Retail vacancy in Conway, AR runs 5.4% across the South region in 2025, down from 7% in 2020.
Vacancy Rate % in South region
Industrial
Industrial vacancy in Conway, AR runs 7.9% across the South region in 2025, up from 6% in 2019. Nearly 2.3x the 2022 low of 3.5%.
Vacancy Rate % in South region
Multifamily
Multifamily space in Conway, AR asks $115/SF to buy. Vacancy runs 11.3% across the South region in 2025, up from 8.5% in 2022.
Average Sale Price $/SF
Listings
Vacancy Rate % in South region
Zoning & Land Use
Land Use Mix share of zoned land by category
- Industrial 44.1%
- Agricultural 34.1%
- Commercial 9.9%
- Civic 4.7%
- Planned_development 4.6%
- Residential 2%
- Mixed use 0.3%
Largest Zones share of zoned land by district
Agricultural District
One Family Residential District
Intensive Industrial District
Highway Commercial District
Planned Unit Development
Agricultural District (A-1)
SECTION 309 - A-1 AGRICULTURAL DISTRICT 309.1 - GENERAL DESCRIPTION AND PURPOSE The regulations for the A-1 Agricultural Zoning District are designed to preserve and protect prime agricultural lands and to protect undeveloped areas from intensive uses until a use pattern is approved. 309.2 - USE REGULATIONS A. Permitted Uses The permitted uses for this distr…
Market overview
Demographics & Economy
Conway, AR has 84,168 residents in 36,791 households. Density runs 518 people per square mile. Median household income here is $61,582 and median gross rent $986 a month.
84,168
Population
36,791
Households
2.3
Avg Household Size
33
Median Age
37%
College-Educated
94%
High-School Grad
162.5 sq mi
ZIP Area
518
Density / Sq Mi
$61,582
Median Household Income
$38,201
Median Earnings
$986
Median Rent
$222,109
Median Home Value
Tools
Frequently Asked Questions
What is the average price per square foot for commercial property in Conway?
Commercial property in Conway, AR asks an average of $18 per square foot. The 6 most recent recorded sales traded at a median of $159/SF. Multifamily carries the highest asking price at $115/SF.
How much does it cost to lease commercial space in Conway?
Asking lease rates in Conway, AR average $11.86 per square foot per year.
Where does Realmo's Conway market data come from?
Realmo compiles Conway, AR figures from 6 recent recorded sales, 333 active sale listings, 31 active lease listings, 2,247 tracked off-market properties, the current Conway zoning release. Sale and lease figures refresh monthly; vacancy annually. Last updated 30 September 2026.
Methodology & data sources
- Asking prices and averages
- Computed from 333 active for-sale and 31 active for-lease listings in Conway, AR. These are ASKING figures from live listings, not closed-transaction prices, and a segment carried by a handful of listings reads as indicative rather than an average.
- Vacancy rates
- Published per-sector market series, taken at the metro level where one exists and otherwise at the Census-region level — a chart reading "in <region> region" is a regional number, not this city's.
- Zoning and land use
- The current municipal zoning release: 27,736 zoned acres across 28 districts. Shares are of zoned land, so parcels the release leaves unclassified are excluded from the mix.
- Refresh
- The monthly aggregates close at the end of the previous month, so 30 September 2026 — not today — is the honest last update.
- Known limitations
- office vacancy is reported at South region level, retail vacancy is reported at South region level and industrial vacancy is reported at South region level.
- Coverage
- Metrics below the 10-observation threshold fall back one geographic level. The geography used is named on each figure.
Compiled by the Realmo Data team · reviewed 30 September 2026 · How Realmo checks market page data · Report a data issue
