Submarket Spotlight | Q3 2022 | NW Arkansas

September 23, 2022

Submarket Report

NW Arkansas



NW Arkansas has benefited from a wave of demand over the past eighteen months. Net absorption set a record last year with 2,500 units filled, the highest reported in the market, and vacancy rates compressed to their lowest point since 2016. Year-over-year job gains in NW Arkansas have outpaced the national average since 2010. As a result, out-of-state capital continues to enter the market, and sales volume has been nothing short of astonishing.