The typical asking rate per listing is in the $10's per square foot per year. The Downtown East submarket is experiencing a decrease in rates. In the last 3 months, the median rate decreased $6 per sqft per year. That's a 24% decline in rent.
Compared to the rest of the St. Louis market, the Downtown East submarket has less expensive rates, so you should have no trouble finding a great deal in this depreciated region.
In the last 90 days, 22 listings have been posted online, which means spaces 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 available, so finding a space for a small business might be tough.
Even though the median size is 6,740 sqft, there are still 0 new listings below 2,000 sqft. Most buildings in this area are approximately 7 stories. Most buildings in this market were built in 1969 and are Class A.
This region is fairly equally mixed residential and commercial. Utilities is the dominant industry in this region. Most of the folk 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.