On average, listings lease in the $20's per square foot per year. The Downtown St. Louis region is seeing a decline in rates. In the last 3 months, the median rate decreased $3 per sqft per year. That's a 11% decrease 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 discounted submarket.
In the last 90 days, 59 listings have been made available, so you'll want to check back regularly for new listings. About 5% of the listings in the Downtown St. Louis are subleases, so you will probably need to consider the implications of signing a direct lease with the building. 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 3,540 sqft, there are still 0 spaces below 2,000 sqft. Most buildings in this region are around 5 stories. Most buildings in this region were built in 1963 and are Class A.
A large portion of this region is residential, but there's plenty of office_space. Real estate is the dominant industry in this area. 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.