Report | St Louis Office Insight - Q1 2016
The spread between Class A and Class B assets widened further across St. Louis in Q1. The gap between the two is now over $6.00 per square foot.
Leasing activity mirrored that rent gap. 65 percent of leases last quarter were signed for Class A buildings. As a result, available space in Class B buildings is lowering rental rates across the market.
For only the second time since 2014, the market saw quarterly negative net absorption. The majority of that occurred in suburban markets not the CBD—a reversal of recent trends.
Learn more about what’s happening right now in St. Louis—and what we can expect over the next couple months—by downloading our Q1 2016 US Office Insight.
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