The typical asking rate per listing is in the $20's per square foot per year. The Downtown St. Louis submarket is seeing a an increase in rates. In the last 3 months, the median rate rose $1 per sqft per year. That's a 4% increase in rent.
In the last 90 days, 378 listings have been listed, so you'll want to check back regularly for new listings. About 13% of the listings in the Downtown St. Louis are subleases, so you might be able to snag a great spot on a short term. There aren't many listings below 2,000 square feet on the market, so finding a space for a small business might be tough.
Even though the median size is 6,070 sqft, there are still 0 office spaces below 2,000 sqft. Most buildings in this region are close to 5 floors. Most buildings in this area were built in 1941 and are Class A.
This area is fairly equally mixed residential and commercial. Real estate is the dominant industry in this market. Commute by walking is the most popular way to get to work amongst Downtown St. Louis occupants. Commuting more than an hour and a half a day is the norm for those who opt to reside in this part of town.
Real time and historical data on commercial real estate listings in Downtown St. Louis.
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