Q2 2019 Office Marketbeat Report

Last quarter, Downtown St. Louis recorded its lowest office vacancy in years and while the market vacancy ticked up slightly in the second quarter, signs remain encouraging throughout the metro. The recorded vacancy at the end of the quarter was 12.5%, marking 14 consecutive quarters below the long-term average of 13.5%. Utilities and bio-tech industries have driven growth in the market and rents are expected to elevate over the mid-term. For more on the market, check out the Second Quarter Office Snapshot here.

 

2019-08-07T12:31:48-05:00August 6th, 2019|Market Research, News & Insights, Research|