On average, listings lease in the $20's per square foot per year. The Downtown St. Louis region is seeing a a rise in rates. In the last 3 months, the median rate increased $1 per sqft per year. That's a 4% rise in rent.
Compared to the rest of the St. Louis market, the Downtown St. Louis region has lower rates, so you should have no trouble finding a great deal in this undervalued submarket.
In the last 90 days, 59 listings have been posted online, so you'll want to check back regularly for new listings. About 86% of the available space in the Downtown St. Louis are subleases, so you might be able to sign a shorter term by taking over a previous lease. 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 10,000 sqft, there are still 0 spaces below 2,000 sqft. Most buildings in this market are around 5 stories. Most buildings in this market were built in 1941 and are Class A.
This region is fairly equally mixed residential and commercial. Real estate is the dominant industry in this market. Commute by walking is the most popular way to get to work amongst Downtown St. Louis folk. Commuting more than an hour and a half a day is the norm for those who opt to reside in this part of town.