Commercial Real Estate Market in Malvern, AR
Updated monthly: sale, lease, property records, location trend, and more… · Last update: August 31
146 active listings and 766 off-market properties in Malvern, AR. Commercial property asks $306/SF to buy and $8.01/SF/Yr to lease.
Market Trends
Malvern, AR spans 326.5 square miles in Hot Spring County, Arkansas. Figures below refresh monthly; last updated 31 August 2026.
Office
Office vacancy in Malvern, 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 Malvern, AR runs 5.4% across the South region in 2025, down from 7% in 2020.
Vacancy Rate % in South region
Industrial
Industrial vacancy in Malvern, 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 vacancy in Malvern, AR runs 11.3% across the South region in 2025, up from 8.5% in 2022.
Vacancy Rate % in South region
Zoning & Land Use
Land Use Mix share of zoned land by category
- Residential 57.5%
- Commercial 21.8%
- Industrial 13.4%
Largest Zones share of zoned land by district
One Two And Multiple Family Residential
Highway Commercial
One Family Residential
Light Industrial
Department Of Community Corrections Prison
Malvern, AR zones 6,272 acres across 11 districts. Commercial zoning covers 21.8% of zoned land, residential 57.5% and industrial 13.4%. The largest single district is One Two And Multiple Family Residential at 43.7%. For commercial buyers the practical constraint is that only 35.1% of land carries a commercial or industrial designation.
One Two And Multiple Family Residential (R-2)
This is a residential district to provide for medium and high population density. The principal use of land may range from single family to multiple family and garden apartment uses.
Market overview
Demographics & Economy
Malvern, AR has 23,456 residents in 9,771 households. Density runs 72 people per square mile. Median household income here is $51,492 and median gross rent $768 a month.
23,456
Population
9,771
Households
2.4
Avg Household Size
41
Median Age
15%
College-Educated
88%
High-School Grad
326.5 sq mi
ZIP Area
72
Density / Sq Mi
$51,492
Median Household Income
$33,672
Median Earnings
$768
Median Rent
$117,300
Median Home Value
Tools
Nearby Markets
| Market | Average Sale Price, $/SF | Average Lease Price, $/SF/Yr |
|---|---|---|
| Rockport | — | — |
| Perla | — | — |
| Gifford | — | — |
| Butterfield | — | — |
Commercial property in Malvern, AR asks $306/SF.
Frequently Asked Questions
What is the average price per square foot for commercial property in Malvern?
Commercial property in Malvern, AR asks an average of $306 per square foot.
How much does it cost to lease commercial space in Malvern?
Asking lease rates in Malvern, AR average $8.01 per square foot per year.
What zoning applies to commercial property in Malvern?
Malvern, AR zones 6,272 acres across 11 districts, of which 21.8% is commercial and 13.4% industrial. The largest single district is One Two And Multiple Family Residential at 43.7% of zoned land. This is a residential district to provide for medium and high population density. The principal use of land may range from single family to multiple family and garden apartment uses. Residential zoning covers 57.5% and open space 0%.
Where does Realmo's Malvern market data come from?
Realmo compiles Malvern, AR figures from 144 active sale listings, 2 active lease listings, 766 tracked off-market properties, the current Malvern zoning release. Sale and lease figures refresh monthly; vacancy annually. Last updated 31 August 2026.
Methodology & data sources
- Asking prices and averages
- Computed from 144 active for-sale and 2 active for-lease listings in Malvern, 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: 6,272 zoned acres across 11 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 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
