MARKET SNAPSHOT

Little Rock q1 2025

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AVERAGE RENT

$1,017 Q1 2025

OCCUPANCY RATE

89.8% Q1 2025

QUARTERLY NET ABSORPTION

-23 Q1 2025

ANNUAL RENT CHANGE

0.3% Q1 2025

ANNUAL OCCUPANCY CHANGE

-140 BPS Q1 2025

QUARTERLY COMPLETIONS

0 Q1 2025

KEY TAKEAWAYS

Average occupancy fell to 89.8% in Q1 2025, down 140 basis points year over year and marking a 10-year low—well below the historical average of 92.1%. Despite this decline, average rents held steady.

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Net absorption was -23 units in the first quarter, the third straight quarter of negative figures. However, the pace of losses is slowing, with positive absorption expected to return by Q2 2025.

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Although 1,044 units were delivered over the trailing 12 months—well above average—no new supply entered in Q1 2025, and future deliveries are expected to decline sharply. The consturction pipeline sits at just 1.2% of inventory, far below recent peaks and the national benchmark of 3.3%.

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