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St. Louis Market Reports

St. Louis Office Market

Average Asking Rent (Price/SF)                  $20.32
Vacancy Rate (%)           10.5%
Net Absorption (SF)         47,916

The St. Louis office market realized record highs for asking rental rates in the second quarter of 2019, as rents increased to $20.32/SF, up $0.67/SF in the past year. The market stabilized in the second quarter, as vacancy remained flat compared with first-quarter 2019. Vacancy decreased 20 basis points over the past year, from 10.7% to 10.5%. Total net absorption in the second quarter measured 47,916 square feet, bringing the total for the past four quarters to 227,481 square feet. Projects currently under construction remained minimal at 30,841 square feet during the quarter, while 60,000 square feet delivered to the market.

St. Louis Industrial Market

Average Asking Rent (Price/SF) $4.69
Vacancy Rate (%) 5.5%
Net Absorption (SF)   -262,378

The St. Louis industrial sector slowed in the second quarter of 2019. During this time period, the market saw negative absorption of 262,378 square feet. Overall vacancy increased 10 basis points from the prior quarter to 5.5%, while average quoted rents decreased from $4.74/SF to $4.69/SF. Various projects delivered 368,970 square feet of product to the market during the quarter, while projects under construction remained significant, with 5.1 million square feet of product planned for delivery.

St. Louis Office Market Report
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St. Louis Industrial Market Report
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St. Louis Retail Market Report
Summer 2019
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