On average, listings lease in the $10's per square foot per year. The Forest Park Southeast submarket is seeing a an increase in rates. In the last 3 months, the median rate rose $3 per sqft per year. That's a 19% increase in rent.
Compared to the rest of the St. Louis market, the Forest Park Southeast submarket has lower rates, so you should have no trouble finding a great deal in this undervalued submarket.
In the last 90 days, 8 listings have been listed, which means spaces might be going fast. You'll want to be prepared to make an offer immediately. 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 3,660 sqft, there are still 0 office spaces below 2,000 sqft. Most properties in this market are around 7 stories.
Not much of the real estate is used for commercial space, so it might be hard to find office space. Wholesale trade is the dominant industry in this area. Commute by walking is the most popular way to get to work amongst Forest Park Southeast occupants. Commuting approximately an hour a day is the norm for those who opt to reside in this part of town.