The typical asking rate per listing is in the $10's per square foot per year. The Ballwin submarket is experiencing a decrease in rates. In the last 3 months, the median rate fell $3 per sqft per year. That's a 16% decrease in rent.
In the last 90 days, 20 listings have been posted online, which means spaces are probably leasing quickly. You'll want to be prepared to tour spaces as quick as possible. About 35% of the office spaces in the Ballwin are subleases, so you might be able to sign a shorter term by taking over a previous 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 4,240 sqft, there are still 0 office spaces below 2,000 sqft. Most properties in this region are around 2 stories. Most buildings in this region were built in 1982 and are Class B.
Not much of the real estate is used for commercial space, so it might be hard to find office space. Real estate is the dominant industry in this market. Commute by taxi is the most popular way to get to work amongst Ballwin folk. Commuting under 5 minutes a day is the norm for those who opt to reside in this part of town.