On average, listings lease in the $20's per square foot per year. The Downtown East submarket is going through a decrease in rates. In the last 3 months, the median rate fell $6 per sqft per year. That's a 20% decrease in rent.
Compared to the rest of the St. Louis market, the Downtown East submarket has lower rates, so you should have no trouble finding a great deal in this discounted region.
In the last 90 days, 42 listings have been posted online, so you'll want to check back regularly for new listings. About 7% of the listings in the Downtown East are subleases, so you will probably need to sign a longer term lease with the landlord directly. 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 4,350 sqft, there are still 0 office spaces below 2,000 sqft. Most buildings in this market are approximately 5 floors. Most buildings in this area were built in 1967 and are Class A.
This area is fairly equally mixed residential and commercial. Utilities is the dominant industry in this region. Most of the occupants 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.