The second quarter of 2022 continued to see impressive growth throughout the St. Louis industrial market. Vacancies were below the 10-year average, and the demand for product has not slowed down. Approximately 6.4 million SF of inventory has been delivered in the past 3 years with another 7.9 million SF under construction. The 12-month net absorption dipped slightly to 6.5 million SF, and industrial lease rates increased 7.4% over the past year as consumers continued to absorb space across the market.
Read the Intelica Industrial Insights to learn more.