www.
cassidyturley.
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Office Market Snapshot
Q2 12 Q2 13
St.
Louis
Employment
1310.
4 1319.
8
St.
Louis
Unemployment
7.
30% 7.
00%
U.
S.
CCI 65.
4 81.
4
U.
S.
Unemployment 8.
20% 7.
60%
Vacancy Rate
ST.
LOUIS OFFICE
Market Tracker Vacancy
16.
0%...
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www.
cassidyturley.
com
Office Market Snapshot
Q2 12 Q2 13
St.
Louis
Employment
1310.
4 1319.
8
St.
Louis
Unemployment
7.
30% 7.
00%
U.
S.
CCI 65.
4 81.
4
U.
S.
Unemployment 8.
20% 7.
60%
Vacancy Rate
ST.
LOUIS OFFICE
Market Tracker Vacancy
16.
0%
*Arrows = Current Qtr Trend
Net Absorption
247,000 SF
Deliveries
0 SF
Asking Rent
$18.
54 FS
The St.
Louis office market had a very strong second quarter realizing 281,000 square
feet of positive absorption.
As a result, the St.
Louis office vacancy rate decreased to
16.
0%, a level not seen since the first quarter of 2011.
The second quarter figures were
closely watched after the first quarter disappointed with 34,000 square feet of negative
absorption.
The bifurcation of class A and class B office vacancy continued in the second quarter with
class A space realizing 295,000 square feet of positive absorption while class B space
had negative absorption of 14,000 square feet.
The varying performance between the two
classes is repres
Less
