On average, listings lease in the $10's per square foot per year. The Forest Park Southeast region is seeing a decline in rates. In the last 3 months, the median rate fell $1 per sqft per year. That's a 5% decline in rent.
Compared to the rest of the St. Louis market, the Forest Park Southeast submarket has lower rates, so you should have no trouble finding a great deal in this undervalued submarket.
In the last 90 days, 7 listings have come on the market, which means office spaces most likley are going fast. You'll want to be prepared to make an offer immediately. 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 3,660 sqft, there are still 0 spaces below 2,000 sqft. Most buildings in this region are close to 7 stories.
Not much of the real estate is used for commercial space, so it might be hard to find office space. Wholesale trade is the dominant industry in this market. Commute by walking is the most popular way to get to work amongst Forest Park Southeast occupants. Commuting approximately an hour a day is the norm for those who opt to reside in this part of town.