Commercial Real Estate Market in Prairie Grove, AR
Updated monthly: sale, lease, property records, location trend, and more… · Last update: October 31
15 active listings and 243 off-market properties in Prairie Grove, AR. Commercial property asks $123/SF to buy (based on 8 listings) and $23.00/SF/Yr to lease (based on 6 listings).
Market Trends
Prairie Grove, AR spans 89.2 square miles in Washington County, Arkansas. Figures below refresh monthly; last updated 31 October 2026.
Office
Office vacancy in Prairie Grove, AR runs 20.2% across the South region in 2025, up from 14.4% in 2019.
Retail
Retail vacancy in Prairie Grove, AR runs 5.4% across the South region in 2025, down from 7% in 2020.
Industrial
Industrial vacancy in Prairie Grove, AR runs 7.9% across the South region in 2025, up from 6% in 2019. Nearly 2.3x the 2022 low of 3.5%.
Multifamily
Multifamily space in Prairie Grove, AR has a median asking sale price of $182/SF (based on 3 listings). Vacancy runs 11.3% across the South region in 2025, up from 8.5% in 2022.
Market overview
Demographics & Economy
Prairie Grove, AR has 10,525 residents in 4,078 households. Density runs 118 people per square mile. Median household income here is $64,701 and median gross rent $911 a month.
Tools
Nearby Markets
| Market | Median Asking Price, $/SF | Median Asking Rent, $/SF/Yr |
|---|---|---|
| Farmington | $153 | $32.25 |
| Lincoln | $179 | $13.00 |
| Fayetteville | $197 | $22.00 |
Commercial property in Prairie Grove, AR asks $123/SF. The 3 bordering markets run from $153/SF in Farmington to $197/SF in Fayetteville, and the city sits below their $179/SF median.
Frequently Asked Questions
What is the median price per square foot for commercial property in Prairie Grove?
How much does it cost to lease commercial space in Prairie Grove?
How does Prairie Grove compare to nearby markets on price?
Where does Realmo's Prairie Grove market data come from?
Methodology & data sources
- Asking prices and medians
- There are 9 active for-sale and 6 active for-lease listings in Prairie Grove, AR. The medians are based on 8 of the for-sale and 6 of the for-lease listings, those that state a price or rent per square foot. These are ASKING figures from live listings, not closed-transaction prices, and a figure resting on fewer than 10 listings says so where it is quoted.
- 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 October 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 October 2026 · How Realmo checks market page data · Report a data issue
