Most listings are in the $20's per square foot per year. The Downtown West submarket is experiencing a a rise in rates. In the last 3 months, the median rate went up $29 per sqft per year.
Compared to the rest of the St. Louis market, the Downtown West region has greater rates, and you'll have to negotiate above asking rent to be in this hot region.
In the last 90 days, 17 listings have been made available, which means new listings are probably leasing quickly. You'll want to be prepared to tour spaces as quick as possible. About 35% of the listings 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 posted, so finding a space for a small business might be tough.
Even though the median size is 13,520 sqft, there are still 0 leases below 2,000 sqft. Most properties in this area are approximately 4 floors. Most buildings in this region were built in 1925 and are Class B.
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.