Looks like the Little Rock metropolitan real estate market is continuing to pick up momentum, carried by strong gains in the industrial sector.
The sector experienced declining vacancy rates and increasing demand for space in the second quarter, according to Colliers of Arkansas, part of one of the world’s leading real estate management companies. The company produces a quarterly analysis that reviews sectors of the area’s real estate market.
Key findings for the second quarter show the overall Little Rock market continuing to stabilize as industrial vacancies improved by 8%, and banks are leading the way in new office development.
“Industrial continued to carry the day with declining vacancy rates and the demand for product, office began to stabilize somewhat, retail held steady even as users remained unsure, and banks led the way with new development” the report said.
“The industrial market, which emerged as the breakout star of 2020, continued to…