St Louis office insight - Q2 2018

New development has given a rise to asking rates across the metro. The latest project to break ground is Cullinan Properties’, mixed-use building at the Streets of St. Charles. The 40,000 square foot office portion has the highest asking rents in St. Charles County, exceeding $30.00 per square foot for the first time in the submarket’s history. Coupled with some new Class A vacancies, asking rates have risen 6.1 percent year-over-year.

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