St. Louis Industrial Markets Boom

ST. LOUIS—Last week, GlobeSt.com reported that the city of Kansas City has begun experiencing an industrial boom largely due to the expansion of the local auto industry, but just across the state, St. Louis is also undergoing a bit of a boom led by its industrial markets. In the first quarter, the market absorbed 1,795,283-square-feet in the first quarter, according to Cassidy Turley. This was more than the total net absorption in 2013 and the most since 2005.

“If you followed the media hype during the first quarter of 2014, you probably think that the economy took a step backward,” says Dean Mueller, managing principal for Cassidy Turley in St. Louis. “The truth is that bad weather wreaked havoc on the way economic metrics are measured and reported, not on the economy itself.”