Most listings are in the $20's per square foot per year. The Downtown East submarket is going through a decrease in rates. In the last 3 months, the median rate decreased $2 per sqft per year. That's a 9% decline in rent.
Compared to the rest of the St. Louis market, the Downtown East submarket has greater rates, and you'll need to pay a premium to be in this hot region.
In the last 90 days, 26 listings have been listed, which means new listings are probably leasing quickly. You'll want to be prepared to tour spaces as quick as possible. 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 6,740 sqft, there are still 0 listings below 2,000 sqft. Most properties in this area are around 7 stories. Most buildings in this market were built in 1969 and are Class A.
This area is fairly equally mixed residential and commercial. Utilities is the dominant industry in this market. Most of the folk 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.