On average, listings lease in the $20's per square foot per year. The Downtown East submarket is seeing a a boost in rates. In the last 3 months, the median rate increased $24 per sqft per year.
Compared to the rest of the St. Louis market, the Downtown East region has less expensive rates, so you should have no trouble finding a great deal in this discounted submarket.
In the last 90 days, 42 listings have been listed, so you'll want to check back regularly for new listings. About 138% of the available leases in the Downtown East 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 10,000 sqft, there are still 0 spaces below 2,000 sqft. Most properties in this region 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 folk 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.