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This is a data report published by CBRE on March 31, 2026, presenting industrial sector figures for the first quarter of 2026 in the St. Louis market.
The St. Louis industrial market closed Q1 2026 with a 4.6% vacancy rate and overall asking rents of $5.71 per square foot, with the vacancy increase driven primarily by large-scale vacancies including Royal Canin's departure from a 674,752-square-foot warehouse in the Metro East. The market recorded negative quarterly net absorption of 946,757 square feet in Q1 2026, marking the first consecutive quarters of negative absorption since 2023, though underlying demand remained healthy with over 1.1 million square feet of new leasing activity and just under 2.0 million square feet of renewal activity during the quarter.
The St. Louis industrial market experienced negative net absorption of 1.3 million SF in the first quarter of 2026, with vacancy rising 150 basis points year-over-year to 6.0%, driven primarily by major tenant relocations including Proctor & Gamble's 806,400-SF exit and Save-A-Lot's 420,000-SF departure. The region's December unemployment rate decreased to 4.0%, 40 basis points below the national average, though industrial employment in Manufacturing and Trade/Transportation/Utilities sectors declined by 1.9% and 2.4% respectively, with the construction pipeline dominated by 3.9 million SF of build-to-suit projects representing 89% of development.
The St. Louis office market experienced a significant slowdown in the first quarter of 2026, with negative net absorption of 545,870 square feet and vacancy rising 140 basis points year-over-year to 15.0%, as tenants reassessed space needs amid hybrid work adoption and macroeconomic uncertainty. Average asking rental rates declined to $22.17 per square foot and are projected to remain flat throughout 2026, with limited new construction activity and only 231,870 square feet currently under development as landlords contend with liquidity constraints.
St. Louis investment sales volume reached 2.4 billion dollars in the past four quarters, up 6.1 percent year-over-year, with industrial and multifamily assets accounting for 67.1 percent of activity. Capitalization rates increased 39 basis points to 7.6 percent, while multifamily rental rates hit a record high of 1,363 dollars per unit, though industrial vacancy surged 150 basis points to 6.0 percent.
The St. Louis Retail Report for 1Q26, published by Newmark Zimmer, examines retail market conditions in the St. Louis region, documenting net absorption of negative 179,870 square feet over the past four quarters driven by tariff-driven uncertainty and cautious tenant behavior, alongside select transaction sales including a 50,000 SF Dick's Sporting Goods property for $13.3 million and other retail assets across multiple submarkets. The report presents market overview data showing the metro vacancy rate increased 30 basis points year-over-year to 4.0%, while the National Retail Federation projects U.S. retail sales growth of 4.4% in 2026, and local market news highlights expansion by chains such as Checkers & Rally's and adaptive reuse projects including Slick City Action Park.
This is a market report published by JLL in March 2026 covering office sector dynamics in the St. Louis market during the first quarter of 2026.
This is a Q1 2026 office sector data report for St. Louis published by CBRE on March 31, 2026. The report presents figures and market data for the St. Louis office market within a national context.
Cushman & Wakefield's Q1 2026 MarketBeat report on St. Louis office markets finds that overall vacancy closed at 18.2% with 27,130 square feet of positive net absorption, while average asking rents declined to $21.90 per square foot year-over-year. Class A properties drove leasing activity, accounting for nearly 70 percent of the market's 526,232 square feet in new leasing during the quarter, with West County and Clayton submarkets recording the strongest demand despite continued pressure on rents across all property classes.
The document analyzes the St. Louis retail real estate market in Q4 2025, reporting a 5.5% vacancy rate, asking rents of $13.36 per square foot, and negative annual net absorption of 278,000 square feet driven primarily by the Neighborhood & Community property type and the Illinois submarket. New construction activity reached its heaviest quarterly level since Q2 2020 with 302,000 square feet underway in Mid County (59.4% pre-leased), while the region's unemployment rate stood at 4.0% as of Q3 2025 amid broader economic indicators showing 1.7% GDP growth and 0.5% retail sales growth.