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St. Louis Market Reports

St. Louis Office Market

Average Asking Rent (Price/SF)                  $20.83
Vacancy Rate (%)           10.8%
Net Absorption (SF)          32,191

The St. Louis office market realized record highs for asking rental rates in the fourth quarter of 2019, as rents increased to $20.83/SF, up $0.46/SF in the past year. The market remained flat, as vacancy measured 10.8% in the fourth quarter. Vacancy increased 60 basis points the past year. Total net absorption in the quarter measured 32,191 square feet, bringing the total for the past four quarters to negative 333,736 square feet. Current projects under construction remained minimal to nonexistent with zero square feet during the quarter, as no projects delivered to the market.

St. Louis Industrial Market

Average Asking Rent (Price/SF) $4.59
Vacancy Rate (%) 5.7%
Net Absorption (SF)  -253,331

The St. Louis industrial sector loosened in the fourth quarter of 2019. During this period, the market saw absorption of negative 253,331 square feet. Overall vacancy increased 40 basis points from the prior quarter to 5.7%, while average quoted rents decreased from $4.73/SF to $4.59/SF. Various projects delivered 3.2 million square feet of product to the market during the quarter, while under-construction developments remained significant with 3.2 million square feet of product planned for delivery.



St. Louis Office Market Report
4Q19
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St. Louis Industrial Market Report
4Q19
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St. Louis Retail Market Report
3Q19
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