On average, listings lease in the $20's per square foot per year. The Downtown St. Louis submarket is going through a decline in rates. In the last 3 months, the median rate decreased $3 per sqft per year. That's a 11% decrease in rent.
Compared to the rest of the St. Louis market, the Downtown St. Louis region has smaller rates, so you should have no trouble finding a great deal in this depreciated region.
In the last 90 days, 57 listings have been listed, so you'll want to check back regularly for new listings. About 5% of the listings in the Downtown St. Louis are subleases, so you will probably have to focus your search on direct office leases. There aren't many listings below 2,000 square feet on the market, so finding a space for a small business might be tough.
Even though the median size is 2,610 sqft, there are still 0 new availabilities below 2,000 sqft. Most buildings in this market are approximately 5 floors. Most buildings in this market were built in 1963 and are Class A.
A large portion of this region is residential, but there's plenty of office_space. Real estate is the dominant industry in this market. Commute by walking is the most popular way to get to work amongst Downtown St. Louis folk. Commuting more than an hour and a half a day is the norm for those who opt to reside in this part of town.