On average, listings lease in the $20's per square foot per year. The Downtown East region is experiencing a an increase in rates. In the last 3 months, the median rate went up $2 per sqft per year. That's a 12% increase in rent.
Compared to the rest of the St. Louis market, the Downtown East submarket has lower rates, so you should have no trouble finding a great deal in this depreciated submarket.
In the last 90 days, 42 listings have been made available, so you'll want to check back regularly for new listings. About 7% of the available leases in the Downtown East are subleases, so you will probably have to consider a longer term lease. 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 5,260 sqft, there are still 0 listings below 2,000 sqft. Most buildings in this region are approximately 5 floors. Most buildings in this region were built in 1966 and are Class A.
This market is fairly equally mixed residential and commercial. Utilities is the dominant industry in this region. 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.