Demand remained subdued in Q2 2025 with just 156 units absorbed, well below historical norms, while trailing 12-month absorption totaled only 196 units compared to 1,303 units delivered.
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New completions remain elevated, but the development pipeline is thinning. There are just 620 units underway, representing 1.2% of the base inventory, but no groundbreakings since early 2024.
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Rent growth has flattened over the past year and occupancy declined to 90.4%, though tapering construction and more consistent demand should ease pressures and support rent gains in the near term.
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MARKET OUTLOOK
Average effective rent in Little Rock held flat year-over-year at $1,025 in Q2 2025, marking a continued slowdown from earlier growth cycles...
