St. Louis Office and Industrial Reports

St. Louis Office Market Report

The St. Louis office market has seen a slight shift in the second half of 2024 with office space demand reaching 510,000 square feet, the highest level since 2017. However, this growth is driven by owner occupancy; and overall demand remains weak as companies continue to reduce space. Negative absorption in early 2024 and declining job growth in key office sectors contribute to a rocky leasing outlook.

St. Louis Industrial Market Report

Despite a slowdown in industrial tenant demand in St. Louis over the past year, the market has avoided the over supply pressures seen elsewhere in the U.S., and space availability remains just below its long-term average.