On average, listings lease in the $20's per square foot per year. The Downtown East submarket is going through a a boost in rates. In the last 3 months, the median rate rose $1 per sqft per year. That's a 4% rise in rent.
Compared to the rest of the St. Louis market, the Downtown East region has less expensive rates, so you should have no trouble finding a great deal in this depreciated region.
In the last 90 days, 42 listings have been made available, so you'll want to check back regularly for new listings. About 100% of the available space in the Downtown East are subleases, so you might be able to find a shorter term or below market rent. There aren't many listings below 2,000 square feet available, so finding a space for a small business might be tough.
Even though the median size is 10,050 sqft, there are still 0 new availabilities below 2,000 sqft. Most buildings in this market are around 7 floors. Most buildings in this region were built in 1966 and are Class A.
This area is fairly equally mixed residential and commercial. Utilities is the dominant industry in this region. Most of the folk of Downtown East work from home. Commuting under 5 minutes a day is the norm for those who opt to reside in this part of town.