Office struggles persist; Industrial sales, leases soar
The metro Little Rock commercial market continued to weather the COVID-19 pandemic fairly well throughout 2021, ending with mostly positive news in Q4: low industrial vacancies, stabilizing retail vacancy rates and a very slight increase in office vacancies. And the historically low interest rates created a favorable environment for development growth in the area; however, this is likely to change with the anticipation of rising interest rates. And with “back-to-work” employees increasing, the overall market should continue to stabilize. These trends were tracked across the market throughout 2021 in Colliers | Arkansas’ quarterly market reports.
