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St. Louis, MO, stands as a vibrant and evolving hub for businesses seeking commercial real estate opportunities. As a strategic gateway to the Midwest, St. Louis offers a blend of traditional business districts and emerging suburban areas, creating a dynamic environment for both established enterprises and startups. The city’s commercial real estate landscape is characterized by a robust mix of office, retail, industrial, and coworking spaces, each catering to diverse business needs.
According to TenantBase data, retail/storefront spaces have witnessed the highest demand, representing 54.8% of tenant searches over the past year. Office spaces account for 26.4% of searches, reflecting the ongoing need for professional environments, while warehouse spaces follow at 20.6%, driven by logistics and distribution activities. Coworking, although a small subset of office space for rent indicates potential as flexible work models continue to gain traction.
Businesses are primarily concentrating their search efforts in central and accessible areas, with St. Louis itself being the most popular location. Other key areas include Chesterfield and Fenton, which appeal to companies looking for suburban connectivity. Submarkets like Maryland Heights and St. Peters also attract interest, reflecting a balance between urban core and suburban growth.
Lease term preferences highlight a trend towards flexibility, with 12.4% of desired leases being less than a year and 17.3% falling within the 1-2 year range. However, the appeal of long-term stability remains significant, with 18.1% of leases ranging from 3-5 years and 12.7% extending beyond five years. This distribution indicates that while many businesses favor short-term commitments amid economic uncertainties, a substantial segment still values long-term operational security.
TenantBase is a technology platform built specifically for tenants. We make the process to find and lease space easier by combining our unique technology with experienced local commercial real estate brokers.