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St. Louis Market Reports

St. Louis Office Market

Average Asking Rent (Price/SF)                $18.98
Vacancy Rate (%)         10.4%
Net Absorption (SF)     116,103

The St. Louis office market realized its 10th consecutive quarter of decreasing vacancy in the third quarter of 2017. Vacancy has decreased 170 basis points over the past year, from 12.1% to 10.4%. Total net absorption in the third quarter measured 116,103 square feet, bringing year-to-date absorption to 444,945 square feet. Current projects under construction remained flat at 125,000 square feet during the quarter, as no project delivered to the market.

St. Louis Industrial Market

Average Asking Rent (Price/SF) $4.56
Vacancy Rate (%) 5.6%
Net Absorption (SF) 2,548,817

The St. Louis industrial market was very active in the third quarter of 2017, as 2.5 million square feet was absorbed. Overall vacancy decreased 70 basis points from the prior quarter to 5.6%, while average quoted rents increased from $4.51/SF to $4.56/SF. Six projects delivered 1.6 million square feet of product to the market during the quarter, while projects under construction remained significant, with 1.5 million square feet of product planned for delivery.



St. Louis Office Market Report
3Q17
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St. Louis Industrial Market Report
3Q17
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St. Louis Retail Market Report
Summer 2017
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