Downtown East Sublease

Downtown East

Office Space Market Report

Number of Listings (last 90 days)
42
Median Rate ($/sqft/yr)
$21
Median Size (sqft)
3,910
As of: March 12, 2017

Downtown East Rates

On average, listings lease in the $20's per square foot per year. The Downtown East submarket is seeing a decrease in rates. In the last 3 months, the median rate decreased $7 per sqft per year. That's a 24% decline in rent.

Compared to the rest of the St. Louis market, the Downtown East region has higher rates, and you'll have to negotiate above asking rent to be in this hot submarket.

Downtown East Listing Supply

In the last 90 days, 42 listings have been posted online, so you'll want to check back regularly for new listings. About 7% of the available space in the Downtown East are subleases, so you will probably need to sign a longer term lease with the landlord directly. 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 3,910 sqft, there are still 0 new listings below 2,000 sqft. Most properties in this area are around 5 stories. Most buildings in this area were built in 1967 and are Class A.

Downtown East Community

This area is fairly equally mixed residential and commercial. Utilities is the dominant industry in this market. Most of the residents of Downtown East work from home. Commuting under 5 minutes a day is the norm for those who opt to reside in this part of town.

Market Report

Trends and status of the commercial real estate market in Downtown East.
Market Report

Market Data

Real time and historical data on commercial real estate listings in Downtown East.
Research