On average, listings lease in the $20's per square foot per year. The Downtown St. Louis region is going through a an increase in rates. In the last 3 months, the median rate rose $1 per sqft per year. That's a 4% increase in rent.
Compared to the rest of the St. Louis market, the Downtown St. Louis region has lower rates, so you should have no trouble finding a great deal in this undervalued submarket.
In the last 90 days, 59 listings have been made available, so you'll want to check back regularly for new listings. About 86% of the available space in the Downtown St. Louis 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 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 new listings below 2,000 sqft. Most buildings in this region are close to 5 stories. Most buildings in this area were built in 1941 and are Class A.
This region is fairly equally mixed residential and commercial. Real estate is the dominant industry in this region. Commute by walking is the most popular way to get to work amongst Downtown St. Louis occupants. Commuting more than an hour and a half a day is the norm for those who opt to reside in this part of town.