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 $24 per sqft per year.
Compared to the rest of the St. Louis market, the Downtown East submarket 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 come on the market, so you'll want to check back regularly for new listings. About 126% of the available leases in the Downtown East 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 available, so finding a space for a small business might be tough.
Even though the median size is 10,000 sqft, there are still 0 new listings below 2,000 sqft. Most properties in this area are approximately 5 stories. Most buildings in this area were built in 1966 and are Class A.
This market is fairly equally mixed residential and commercial. Utilities is the dominant industry in this area. Most of the residents 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.