On average, listings lease in the $20's per square foot per year. The Downtown East submarket is going through a a rise in rates. In the last 3 months, the median rate went up $2 per sqft per year. That's a 7% rise in rent.
Compared to the rest of the St. Louis market, the Downtown East region has lower rates, so you should have no trouble finding a great deal in this depreciated submarket.
In the last 90 days, 42 listings have been listed, so you'll want to check back regularly for new listings. About 124% of the available space in the Downtown East are subleases, so you might be able to find a shorter term or below market rent. There aren't many listings below 2,000 square feet posted, so finding a space for a small business might be tough.
Even though the median size is 8,100 sqft, there are still 0 listings below 2,000 sqft. Most properties in this market are around 5 floors. Most buildings in this market were built in 1966 and are Class A.
This area is fairly equally mixed residential and commercial. Utilities is the dominant industry in this region. Most of the occupants 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.