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St. Louis Five Fast Industrial Facts

Luke Partridge • 5/11/2023
Read our Five Fast Facts to learn more about key trends that impact the St. Louis industrial market in the first quarter.
  1. Rents Over $6.00 PSF Becoming the New Normal 
    St. Louis’ Industrial overall asking rents ended Q1 2023 at $6.10 PSF, a 7.4% increase YOY.  
  2. 3.1% Vacancy Rate 
    At the close of Q1 2023 the St. Louis industrial market had a 3.1% vacancy rate, well below the 10-year average of 5.4% (2013-2022). 
  3. 23 Consecutive Quarters of Positive Absorption 
    The 313,178 SF of positive absorption in Q1 2023 was driven by 565,900 SF of construction deliveries and 702,941 SF of leasing activity. 

  4. Under Construction: 1.8 MSF 
    After a record year of over 8.0 MSF of deliveries in 2022, there remains 1.8 MSF under construction.  
  5. 2.9% Unemployment Rate in the St. Louis MSA 
    The unemployment rate for the St. Louis MSA was 60 basis points lower than the U.S. unemployment rate of 3.5% in Q1 2023. 


Find out in our Five Fast Facts below or download the report.


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