Most listings are in the $20's per square foot per year. The Downtown East submarket is going through a a boost in rates. In the last 3 months, the median rate went up $9 per sqft per year. That's a 45% rise in rent.
Compared to the rest of the St. Louis market, the Downtown East region has greater rates, and you'll have to negotiate above asking rent to be in this hot submarket.
In the last 90 days, 32 listings have been listed, which means leases are probably leasing quickly. You'll want to be prepared to tour spaces as quick as possible. 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 4,350 sqft, there are still 0 leases below 2,000 sqft. Most buildings in this region are approximately 7 stories. Most buildings in this region were built in 1968 and are Class A.
This market is fairly equally mixed residential and commercial. Utilities is the dominant industry in this market. Most of the occupants 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.