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St. Louis Market Reports

St. Louis Office Market

Average Asking Rent (Price/SF)                  $20.31
Vacancy Rate (%)           10.6%
Net Absorption (SF)     -460,943

The St. Louis office market loosened in the first quarter of 2019, registering negative total net absorption with two key departures, Save-A-Lot and Vatterott College. The market did, however, enjoy significant sales activity, as various individual buildings and multi-property portfolios successfully traded to out-of-town and local investors. Class A vacancy rates range from 3.6% to 4.6% in three metro submarkets, leading to few opportunities for prospective tenants in Clayton, Mid County and South County. Overall market vacancy should range from 9.8% to 10.8% during the rest of 2019. At the same time, expect asking rental rates to range from $20.05/SF to $21.25/SF.

St. Louis Industrial Market

Average Asking Rent (Price/SF) $4.80
Vacancy Rate (%) 4.7%
Net Absorption (SF)   175,159

The St. Louis industrial market slowed in the first quarter of 2019, as 175,159 square feet was absorbed. Overall vacancy increased 10 basis points from the prior quarter to 4.7%, while average quoted rents decreased from $4.83/SF to $4.80/SF. Various projects delivered 415,160 square feet of product to the market during the quarter, while projects under construction remained significant, with 4.8 million square feet of product planned for delivery.



St. Louis Office Market Report
1Q19
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St. Louis Industrial Market Report
1Q19
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St. Louis Retail Market Report
Spring 2019
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