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St. Louis, Missouri

Metropolitan Area Economic Overview
Calculations for all indices were provided by SRC, LLC

Market Research provided by NAI DESCO
Last Updated: 23-Oct-2009		 Market Overview
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Market Research

* Click on each category for a detailed definition.
Low High Effective Avg. Vacancy Investment Yield
Downtown Office
New Construction (AAA) N/A N/A N/A N/A N/A
Class A (Prime) $ 17.00 $ 22.00 $ 18.80 13.0% N/A
Class B (Secondary) $ 10.00 $ 17.00 $ 16.07 14.8% N/A
 
Suburban Office
New Construction (AAA) $ 28.00 $ 32.00 $ 30.00 N/A N/A
Class A (Prime) $ 21.00 $ 30.00 $ 25.00 11.6% N/A
Class B (Secondary) $ 15.75 $ 20.00 $ 17.00 11.3% N/A
 
Industrial
Bulk Warehouse $ 2.80 $ 4.75 $ 3.96 8.7% N/A
Manufacturing $ 2.00 $ 4.75 $ 4.21 9.0% N/A
High Tech / R&D $ 7.00 $ 12.00 $ 10.29 14.8% N/A
 
Retail
Downtown $ 8.00 $ 22.00 $ 12.42 6.1% N/A
Neigborhood Service Centers $ 8.00 $ 25.00 $ 16.24 13.0% N/A
Community Power Center $ 12.00 $ 28.00 $ 20.12 4.9% N/A
Regional Malls $ 15.00 $ 60.00 $ 48.79 7.2% N/A

Development Land Low (Price/Acre) High (Price/Acre)
Office in CBD N/A N/A
Land in Office Parks $ 315,000 $ 520,000
Land in Industrial Parks $ 155,000 $ 260,000
Office/Industrial Land - Non-park $ 85,000 $ 180,000
Retail/Commercial Land $ 130,000 $ 1,200,000
Residential $ 55,000 $ 200,000

Footnote: Retail rates are NNN
 

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