Downtown West Sublease

Downtown West

Office Space Market Report

Number of Listings (last 90 days)
17
Median Rate ($/sqft/yr)
$20
Median Size (sqft)
4,720
As of: August 18, 2017

Downtown West Rates

On average, listings lease in the $20's per square foot per year. The Downtown West submarket is seeing a decline in rates. In the last 3 months, the median rate fell $9 per sqft per year. That's a 30% decrease in rent.

Compared to the rest of the St. Louis market, the Downtown West region has less expensive rates, so you should have no trouble finding a great deal in this undervalued submarket.

Downtown West Listing Supply

In the last 90 days, 17 listings have been made available, which means spaces might be going fast. You'll want to be prepared to tour spaces as quick as possible. About 53% of the available space in the Downtown West 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 on the market, so finding a space for a small business might be tough.

Even though the median size is 4,720 sqft, there are still 0 office spaces below 2,000 sqft. Most properties in this market are close to 5 floors. Most buildings in this region were built in 1925 and are Class B.

Downtown West Community

Not much of the real estate is used for commercial space, so it might be hard to find office space. Information is the dominant industry in this area. Commute by bike is the most popular way to get to work amongst Downtown West occupants. 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 West.
Market Report

Market Data

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