St. Louis Market Reports

St. Louis Office Market Report

Leasing activity improved in late 2024, following a year of mixed demand, as job growth in key office-using sectors turned positive. Noteworthy moves included Emerson’s lease of over 100,000 SF in Clayton, pushing 8027 Forsyth Boulevard to full occupancy. Market vacancy dropped to 10.6%, down from a 10.9% peak in late 2023.

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St. Louis Industrial Market Report

Industrial demand in St. Louis rebounded through 2024 after hitting a decade low early in the year. While weaker economic conditions slowed absorption, limited new supply kept market fundamentals healthy. That absorption rate still outpaced the national figures for similarly sized markets.

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St. Louis Multifamily Market Report

The St. Louis multifamily market saw notable improvement in 2024, driven by stronger renter demand and a slowdown in new supply. The year closed with a vacancy rate of 8.9%, down from the prior year, though still about 180 basis points above the national average.

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