BY THE NUMBERS
ST. LOUIS—The St. Louis industrial market experienced its highest positive absorption for a single quarter in the past 20 years, with 3.28 million square feet of positive absorption in the third quarter, according to Cushman & Wakefield. This ranks St. Louis No. 7 in the US for third-quarter net absorption. As reported in GlobeSt.com, the region has put together a few remarkable years, last setting a record for net absorption in 2014. And “limited blocks of available space across the metro area have sparked a flood of new development,” says Brian Ungles, Cushman & Wakefield managing principal. “We are tracking signed deals that will lead to another 1.5 million square feet of positive net absorption due to occur in the fourth quarter, making 2016 the highest single year for absorption in St. Louis history.”
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Brian J. Rogal
Brian J. Rogal is a Chicago-based freelance writer with years of experience as an investigative reporter and editor, most notably at The Chicago Reporter, where he concentrated on housing issues. He also has written extensively on alternative energy and the payments card industry for national trade publications.
