Greater LR office market maintains holding pattern: absorption remains focus with new property vacuum.

Arkansas Business | June 15, 2009| | Copyright

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NEW OFFICE CONSTRUCTION IS A RARITY these days in the greater Little Rock market, and many tenants are positioned to negotiate better deals in a market dotted with competitive options.

Renovating older buildings for use by state agencies is helping absorb some vacant space in the Little Rock office market. That bit of good news on the landlord front is overshadowed by anticipation that a large block of empty space will be on the market in the coming months.

New York's Verizon Communications Inc. is expected to downsize its ...

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