Most listings are in the $10's per square foot per year. The Grand Center submarket is experiencing a decrease in rates. In the last 3 months, the median rate fell $1 per sqft per year. That's a 7% decrease in rent.
Compared to the rest of the St. Louis market, the Grand Center submarket has less expensive rates, so you should have no trouble finding a great deal in this undervalued submarket.
In the last 90 days, 3 listings have been posted online, which means new availabilities might be leasing quickly. You'll want to be prepared to make an offer immediately. About 100% of the listings in the Grand Center are subleases, so you might be able to snag a great spot on a short term. 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 6,500 sqft, there are still 0 new availabilities below 2,000 sqft. Most properties in this region are approximately 4 floors. Most buildings in this region were built in 1921.
Not much of the real estate is used for commercial space, so it might be hard to find office space. Public administration is the dominant industry in this region. Commute by car is the most popular way to get to work amongst Grand Center residents. Commuting between 30 and 45 minutes a day is the norm for those who opt to reside in this part of town.