On average, listings lease in the $20's per square foot per year. The Downtown St. Louis region is seeing a an increase in rates. In the last 3 months, the median rate increased $10 per sqft per year. That's a 58% rise in rent.
Compared to the rest of the St. Louis market, the Downtown St. Louis submarket has more expensive rates, and you'll have to negotiate above asking rent to be in this hot region.
In the last 90 days, 41 listings have been posted online, so you'll want to check back regularly for new listings. 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 3,980 sqft, there are still 0 office spaces below 2,000 sqft. Most buildings in this area are close to 7 floors. Most buildings in this market 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 region. Commute by walking is the most popular way to get to work amongst Downtown St. Louis residents. Commuting more than an hour and a half a day is the norm for those who opt to reside in this part of town.