On average, listings lease in the $20's per square foot per year. The Downtown West region is experiencing a an increase in rates. In the last 3 months, the median rate increased $9 per sqft per year. That's a 47% increase in rent.
Compared to the rest of the St. Louis market, the Downtown West submarket has more expensive rates, and you'll need to pay a premium to be in this hot submarket.
In the last 90 days, 17 listings have been listed, which means spaces most likley are leasing quickly. You'll want to be prepared to make an offer immediately. 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 13,520 sqft, there are still 0 new listings below 2,000 sqft. Most properties in this area are approximately 4 stories. Most buildings in this region were built in 1925 and are Class B.
Not much of the real estate is used for commercial space, so it might be hard to find office space. Information is the dominant industry in this area. Commute by bike is the most popular way to get to work amongst Downtown West occupants. Commuting under 5 minutes a day is the norm for those who opt to reside in this part of town.