St. Louis Office and Industrial Reports

St. Louis Office Market Report

The St. Louis office market has shown signs of stabilization over the past year, with office space demand reaching 400,000 square feet in the last 12 months, one of the highest levels since 2017. However, this growth, largely driven by owner-occupied properties, has not been enough to reverse broader shifts in office usage, as absorption turned negative in the first nine months of 2024.

St. Louis Industrial Market Report

Demand for industrial space in St. Louis has slowed due to weaker economic conditions. However, with limited new construction, the market remains tighter than many others. Over the past two years, St. Louis has avoided the rising vacancy rates seen nationally, supported by a decrease in new developments since early 2023 following a prior construction boom.