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Cassidy Turley: St. Louis Markets Boom

ST. LOUIS—The real estate firm says their new research shows the regional real estate market has strengthened in both industrial and office sectors.

By Brian J. Rogal | Updated on October 23, 2013

ST. LOUIS—Like many Midwestern cities that once dominated American industry, St. Louis was hit hard by the recession, which added to an already-existing job-loss problem. But as a fragile recovery takes hold, researchers from the commercial real estate firm Cassidy Turley say they have begun to see some bright spots.

For instance, the regional real estate market, especially in the office and industrial sectors, has shown signs of improvement. The St. Louis office market had 196,000-square-feet of net absorption in third quarter, the researchers found. This brisk pace followed a even stronger second quarter when employers scooped up 285,000-square-feet of office space.

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