Most listings are in the $20's per square foot per year. The Downtown St. Louis submarket is experiencing a a boost in rates. In the last 3 months, the median rate increased $2 per sqft per year. That's a 12% rise in rent.
Compared to the rest of the St. Louis market, the Downtown St. Louis submarket has smaller rates, so you should have no trouble finding a great deal in this undervalued region.
In the last 90 days, 59 listings have come on the market, so you'll want to check back regularly for new listings. About 5% of the office spaces in the Downtown St. Louis are subleases, so you will probably have to consider a longer term lease. 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 6,230 sqft, there are still 0 new listings below 2,000 sqft. Most properties in this market are around 4 floors. Most buildings in this region were built in 1961 and are Class A.
A large portion of this area is residential, but there's plenty of office_space. Real estate is the dominant industry in this region. Commute by walking is the most popular way to get to work amongst Downtown St. Louis occupants. Commuting more than an hour and a half a day is the norm for those who opt to reside in this part of town.