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St. Louis Gets Off to Strong 2017 Start

ST. LOUIS—The industrial market had a historic 2016, and that momentum has carried over into the new year.

By Brian J. Rogal | brianjrogal | Updated on April 19, 2017

stl-GatewayIII PCCP and TriStar recently joined forces to build this class A distribution center at their Gateway Commerce Center in Edwardsville, IL, part of the Metro East submarket.

ST. LOUIS—The St. Louis industrial market has continued its hot streak, ending the first quarter of 2017 with 1.69 million square feet of net absorption and 1.74 million square feet of new inventory delivered, according to a new report from Cushman & Wakefield.

Over the last two years, developers have added 5.45 million square feet of speculative inventory, and tenants have quickly leased over 3.63 million square feet of that space, the data show. The vacancy rate ended the quarter at 6.7%, well below the historic average of 8.0%.

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