Commercial Real Estate Market in Hot Springs, AR
Updated monthly: sale, lease, property records, location trend, and more… · Last update: August 31
821 active listings and 3,380 off-market properties in Hot Springs, AR. Commercial property asks $40/SF to buy and $16.51/SF/Yr to lease.
Market Trends
Hot Springs, AR spans 315.4 square miles in Garland County, Arkansas. Figures below refresh monthly; last updated 31 August 2026.
Office
Office space in Hot Springs, AR asks $169/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, AR asks $89/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, 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, AR asks $178/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, 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
Nearby Markets
| Market | Average Sale Price, $/SF | Average Lease Price, $/SF/Yr |
|---|---|---|
| Oaklawn | — | — |
| Mountain Valley | — | — |
| Lakeside | — | — |
| Piney | — | — |
Commercial property in Hot Springs, AR asks $40/SF.
Frequently Asked Questions
What is the average price per square foot for commercial property in Hot Springs?
Commercial property in Hot Springs, AR asks an average of $40 per square foot. Multifamily carries the highest asking price at $178/SF.
How much does it cost to lease commercial space in Hot Springs?
Asking lease rates in Hot Springs, AR average $16.51 per square foot per year.
Where does Realmo's Hot Springs market data come from?
Realmo compiles Hot Springs, AR figures from 5 recent recorded sales, 782 active sale listings, 39 active lease listings, 3,380 tracked off-market properties. Sale and lease figures refresh monthly; vacancy annually. Last updated 31 August 2026.
Methodology & data sources
- Asking prices and averages
- Computed from 782 active for-sale and 39 active for-lease listings in Hot Springs, 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 31 August 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 31 August 2026 · report a data issue
