Intelligence

Commercial Real Estate INSIGHTS

Coldwell Banker Commercial® is a unique force in the real estate industry commanding a global presence, a local power and backed by one of the most respected names in the industry. We pair our expertise of market dynamics with a wide range of brokerage services including sales, tenant representation, leasing, property management, mergers and acquisitions across a wide array of property segments and specialties from retail, office, industrial and self-storage businesses to agriculture, land and student housing.

Find the information you need to make informed commercial real estate decisions with up-to-date insights and the latest commercial real estate news. Our Coldwell Banker Commercial brokerage professionals provide invaluable, game-changing advice for businesses, identify real estate opportunities that others might overlook and offer creative solutions and sound business sense in an ever-changing environment. For more information, contact one of our specialists today.

COLDWELL BANKER COMMERCIAL® REPORTS

Insights: Land Sales Trends

Insights: Land Sales Trends

The U.S. economy entered a recession in February, 2020, per the National Bureau of Economic Research. Commercial real estate development typically slows during a recession because developers do not want to incur the holding costs of land parcels if there is not an expected demand for new product.

Insights: Student Housing 2020

Insights: Student Housing 2020

The main uncertainty in the student housing sector is COVID-19’s impact on the 2020-2021 school year’s leasing. There is a variety of factors which make the student housing occupancy outlook uncertain.

COLDWELL BANKER COMMERCIAL® REPORTS

Insights: Landlord Employer Liability

Insights: Landlord Employer Liability

The ongoing coronavirus pandemic raises the question of whether landlords with leased properties can be held liable for injuries sustained when someone contracts COVID-19 at the premises.

Opportunity Zones & Taxes

Opportunity Zones & Taxes

What are Opportunity Zones? The real estate industry is buzzing about this new program which allows private investment in country’s distressed communities. CBC brings you a quick overview to help you understand what they are and how investors can use them for their benefit.

Regional Summaries

Select a state to view available market snapshots

St. Louis

Apartment
The 126,380-unit St. Louis apartment market had a strong first quarter of 2019 for occupancy, as 160 units of new supply was exceeded by 286 units of net absorption. The vacancy rate fell 10 basis points to a moderate 5.5%, also down 10 basis points from a year earlier. Rents are still rising, but the pace is slowing. During the first quarter the average asking rent increased 0.2% to $940 per month, with the average effective rent up 0.4% to $890 per month. The year-over-year gains are still large at 4.0% and 3.7%, respectively.
Industrial
The 144-million-square-foot St. Louis warehouse/distribution market first quarter 2019 vacancy rate stands at 11.6% after an increase of 140 basis points over six months. During the first quarter both the average asking rent and the average effective rent increased 0.5%, to $4.20 psf and $3.93 psf, respectively. The year-over-year gains were 2.2% asking and 2.3% effective. The 11.65-million-square-foot Flex/R&D market first quarter 2019 vacancy rate is up 100 basis points year-over-year and 60 during the period to a high 14.2%. The average asking rent is nonetheless up 1.6% year-over-year to $7.56 psf, with the average effective rent up 1.7% to $7.03 psf.
Office
The 45.6-million-square-foot St. Louis general purpose, multi-tenant office market vacancy rate was up 20 basis points over the first quarter of 2019 and 40 year-over-year to 16.6%. Rents are still edging up, as the average asking rent increased 0.3% in the first quarter to $21.88 psf and the average effective rent rose 0.2% to $16.76 psf. The year-over-year gains are 1.2% and 1.1%, respectively.
Retail
The 28.8-million-square-foot St. Louis community-neighborhood shopping center first quarter 2019 vacancy rate was 12.7%, while elevated and up 60 basis points year-over-year, was down 30 for the first quarter alone. Community-neighborhood shopping center rents increased 0.6% by both measures in the first quarter, to $15.86 psf asking and $13.10 psf effective. The year-over-year gains were 1.0% and 0.9%, respectively.

Source: Data provided by Reis, Inc. based on Market Summaries for the 85 Primary and Secondary Markets they cover.

Thank you for requesting a property evaluation. A Coldwell Banker Commercial professional will be in touch with you soon.