The typical asking rate per listing is in the $10's per square foot per year. The Downtown West submarket is experiencing a a boost in rates. In the last 3 months, the median rate increased $3 per sqft per year. That's a 20% rise in rent.
Compared to the rest of the St. Louis market, the Downtown West submarket has smaller rates, so you should have no trouble finding a great deal in this depreciated region.
In the last 90 days, 20 listings have been listed, which means leases might be going fast. You'll want to be prepared to tour spaces as quick as possible. There aren't many listings below 2,000 square feet on the market, so finding a space for a small business might be tough.
The standard measurement for office space in this area is around 1,910 sqft. Most properties in this area are close to 7 stories. Most buildings in this market 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 market. Commute by bike is the most popular way to get to work amongst Downtown West folk. Commuting under 5 minutes a day is the norm for those who opt to reside in this part of town.