Home > Research > U.S. Market Reports Detail

St. Louis Market Reports

St. Louis Office Market

Average Asking Rent (Price/SF)                  $20.22
Vacancy Rate (%)           9.9%
Net Absorption (SF)     384,254

The St. Louis office market realized record highs for asking rental rates in the fourth quarter of 2018, as rents increased to $20.22/SF, up $1.17/SF in the past year. The market continued to tighten, as vacancy decreased 50 basis points in the fourth quarter. Vacancy has decreased 30 basis points over the past year, from 10.2% to 9.9%. Total net absorption in the fourth quarter measured 384,254 square feet, bringing the total for the past four quarters to 192,872 square feet. Current projects under construction remained minimal at 60,000 square feet during the quarter, as no projects delivered to the market.

St. Louis Industrial Market

Average Asking Rent (Price/SF) $4.80
Vacancy Rate (%) 4.8%
Net Absorption (SF) 640,908

The St. Louis industrial market was active in the fourth quarter of 2018, as 640,908 square feet was absorbed. Overall vacancy increased 30 basis points from the prior quarter to 4.8%, while average quoted rents increased from $4.73/SF to $4.80/SF. Various projects delivered 1.4 million square feet of product to the market during the quarter, while projects under construction remained significant, with 5.6 million square feet of product planned for delivery.



St. Louis Office Market Report
4Q18
Download the PDF
St. Louis Industrial Market Report
4Q18
Download the PDF
St. Louis Retail Market Report
Winter 2018
Download the PDF