Commercial Real Estate Market in West Memphis, AR
Updated monthly: sale, lease, property records, location trend, and more… · Last update: August 31
46 active listings and 1,189 off-market properties in West Memphis, AR. Commercial property asks $271/SF to buy and $6.00/SF/Yr to lease.
Market Trends
West Memphis, AR spans 29.5 square miles in Crittenden County, Arkansas. Figures below refresh monthly; last updated 31 August 2026.
Office
Office vacancy in West Memphis, 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 West Memphis, AR runs 5.4% across the South region in 2025, down from 7% in 2020.
Vacancy Rate % in South region
Industrial
Industrial vacancy in West Memphis, 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 West Memphis, AR runs 11.3% across the South region in 2025, up from 8.5% in 2022.
Vacancy Rate % in South region
Market overview
Demographics & Economy
West Memphis, AR has 24,479 residents in 11,298 households. Density runs 829 people per square mile. Median household income here is $41,932 and median gross rent $848 a month.
24,479
Population
11,298
Households
2.2
Avg Household Size
37
Median Age
15%
College-Educated
84%
High-School Grad
29.5 sq mi
ZIP Area
829
Density / Sq Mi
$41,932
Median Household Income
$30,410
Median Earnings
$848
Median Rent
$119,100
Median Home Value
Tools
Nearby Markets
| Market | Average Sale Price, $/SF | Average Lease Price, $/SF/Yr |
|---|---|---|
| Marion | — | — |
| Edmondson | — | — |
| Proctor | — | — |
| Crawfordsville | — | — |
Commercial property in West Memphis, AR asks $271/SF.
Frequently Asked Questions
What is the average price per square foot for commercial property in West Memphis?
Commercial property in West Memphis, AR asks an average of $271 per square foot. The 7 most recent recorded sales traded at a median of $110/SF, so asking sits 146% above the achieved median.
How much does it cost to lease commercial space in West Memphis?
Asking lease rates in West Memphis, AR average $6.00 per square foot per year.
Where does Realmo's West Memphis market data come from?
Realmo compiles West Memphis, AR figures from 7 recent recorded sales, 39 active sale listings, 7 active lease listings, 1,189 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 39 active for-sale and 7 active for-lease listings in West Memphis, 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, industrial vacancy is reported at South region level and asking prices run materially above recent closed pricing.
- 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
