On average, listings lease in the $20's per square foot per year. The St. Louis region is seeing a decrease in rates. In the last 3 months, the median rate fell $1 per sqft per year. That's a 3% decline in rent.
Compared to the rest of the St. Louis market, the St. Louis submarket has smaller rates, so you should have no trouble finding a great deal in this depreciated submarket.
In the last 90 days, 113 listings have been listed, 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 2,780 sqft, there are still 0 listings below 2,000 sqft. Most properties in this market are around 3 floors. Most buildings in this region were built in 1963 and are Class B.