St. Louis Market Reports

St. Louis Industrial Market

     Average Asking Rent (Price/SF)$4.60
     Vacancy Rate (%)5.2%
     Net Absorption (SF)563,445    

The St. Louis industrial market was active in the fourth quarter of 2017, as 563,445 square feet was absorbed. Overall vacancy remained flat compared with the prior quarter at 5.2%, while average quoted rents increased from $4.56/SF to $4.60/SF. Various projects delivered 668,400 square feet of product to the market during the quarter, while projects under construction remained significant, with 2.8 million square feet of product planned for delivery.

Download the 4Q 2017 Industrial Report


St. Louis Office Market

     Average Asking Rent (Price/SF)$19.01
     Vacancy Rate (%)9.7%
     Net Absorption (SF)459,527    

The St. Louis office market realized its 11th consecutive quarter of decreasing vacancy in the fourth quarter of 2017. Vacancy has decreased 130 basis points over the past year, from 11.0% to 9.7%. Total net absorption in the fourth quarter measured 459,527 square feet, with year-to-date absorption measuring 1.0 million square feet. Current projects under construction and deliveries to the market remained nonexistent.

Download the 4Q 2017 Office Report


St. Louis Retail Market

     Average Asking Rent (Price/SF)$12.52
     Vacancy Rate (%)4.7%
     Net Absorption (SF)368,610    

The overall St. Louis market tightened over the past year, realizing a 40-basis-point drop in vacancy. Demonstrating the strength of the local retail market, over 1.1 million square feet of net absorption occurred in 2017, with over 3.0 million square feet absorbed over the past two years. The average quoted rental rate measured $12.52/SF, up $0.58/SF from the prior year. The local market is showing positive ind icators, including decreasing vacancy rates, substantial net absorption and increasing rental rates coming out of the important holiday shopping season. Local brick-and-mortar announcements and a shift in the national retail landscape dominated the news in the fourth quarter of 2017.

Download the Winter 2017 Retail Report