The typical asking rate per listing is in the $20's per square foot per year. The Downtown East submarket is experiencing a an increase in rates. In the last 3 months, the median rate rose $2 per sqft per year. That's a 7% increase in rent.
Compared to the rest of the St. Louis market, the Downtown East region has lower rates, so you should have no trouble finding a great deal in this depreciated region.
In the last 90 days, 42 listings have been posted online, so you'll want to check back regularly for new listings. About 138% of the available leases in the Downtown East are subleases, so you might be able to sign a shorter term by taking over a previous lease. There aren't many listings below 2,000 square feet posted, 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 floors. Most buildings in this market 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 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.