St. Louis Industrial Market Shows Strength

ST. LOUIS—The industrial market in this Midwestern city has been solid for several years, and turned in another great performance in 2015, according to data just published by Cushman & Wakefield. The recovery of the auto industry helped drive strong demand in the region, the firm found, and the market recorded net occupancy gains of 463,000 square feet in the fourth quarter, closing 2015 with a total of 2.28 million square feet of positive absorption. Developers have taken note of these strong numbers, and have launched a number of projects to close the gap between supply and demand. 

“With almost 3.28 million square feet under construction, we expect the St. Louis industrial market to experience another strong year in 2016,” says market leader Brian Ungles.