Commercial Real Estate Market in Hot Springs National Park, AR
Updated monthly: sale, lease, property records, location trend, and more… · Last update: September 30
842 active listings and 3,380 off-market properties in Hot Springs National Park, AR. Commercial property asks $23/SF to buy and $16.54/SF/Yr to lease.
Market Trends
Hot Springs National Park, AR spans 315.4 square miles in Garland County, Arkansas. Figures below refresh monthly; last updated 30 September 2026.
Office
Office space in Hot Springs National Park, AR asks $60/SF to buy. Vacancy runs 20.2% across the South region in 2025, up from 14.4% in 2019.
Average Sale Price $/SF
Listings
Vacancy Rate % in South region
Retail
Retail space in Hot Springs National Park, AR asks $43/SF to buy. Vacancy runs 5.4% across the South region in 2025, down from 7% in 2020.
Average Sale Price $/SF
Listings
Vacancy Rate % in South region
Industrial
Industrial vacancy in Hot Springs National Park, 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 Hot Springs National Park, AR asks $190/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
Market overview
Demographics & Economy
Hot Springs National Park, AR has 94,099 residents in 50,956 households. Density runs 298 people per square mile. Median household income here is $57,075 and median gross rent $949 a month.
94,099
Population
50,956
Households
1.8
Avg Household Size
49
Median Age
28%
College-Educated
91%
High-School Grad
315.4 sq mi
ZIP Area
298
Density / Sq Mi
$57,075
Median Household Income
$33,336
Median Earnings
$949
Median Rent
$191,952
Median Home Value
Tools
Frequently Asked Questions
What is the average price per square foot for commercial property in Hot Springs National Park?
Commercial property in Hot Springs National Park, AR asks an average of $23 per square foot. Multifamily carries the highest asking price at $190/SF.
How much does it cost to lease commercial space in Hot Springs National Park?
Asking lease rates in Hot Springs National Park, AR average $16.54 per square foot per year.
Where does Realmo's Hot Springs National Park market data come from?
Realmo compiles Hot Springs National Park, AR figures from 5 recent recorded sales, 801 active sale listings, 41 active lease listings, 3,380 tracked off-market properties. Sale and lease figures refresh monthly; vacancy annually. Last updated 30 September 2026.
Methodology & data sources
- Asking prices and averages
- Computed from 801 active for-sale and 41 active for-lease listings in Hot Springs National Park, 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.
- 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 · report a data issue
