While the pandemic has affected the commercial real estate industry, the industrial sector has proven to be a bright spot. St. Louis has experienced a large spike in new construction. The market rent and sale price per square foot rose slightly, while the vacancy rate continued its downward trend.
“After a solid first quarter, demand continues to outpace supply, creating a very competitive industrial market,” says Gary Parker, Principal at Intelica.
Read the Intelica Industrial Insights to learn more.