On average, listings lease in the $30's per square foot per year. The Central West End region is going through a decrease in rates. In the last 3 months, the median rate decreased $9 per sqft per year. That's a 22% decrease in rent.
Compared to the rest of the St. Louis market, the Central West End submarket has greater rates, and you'll have to negotiate above asking rent to be in this hot region.
In the last 90 days, 12 listings have been listed, which means new listings most likley are leasing quickly. You'll want to be prepared to tour spaces as quick as possible. 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 6,000 sqft, there are still 0 listings below 2,000 sqft. Most buildings in this area are close to 3 floors. Most buildings in this area were built in 1968 and are Class A.
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 public transit is the most popular way to get to work amongst Central West End occupants. Commuting between 30 and 45 minutes a day is the norm for those who opt to reside in this part of town.