Office Suite Pricing:

The city of St Louis has a great number of options in terms of industry, and has been growing by leaps and bounds in terms of commercial real estate developments. For entrepreneurs looking to build their businesses in a thriving part of the city, many office space options abound. The office vacancy rate is at around 17% and has dropped slightly. With many vacancies available, a recent survey of options showed that the area has many openings priced relatively similar to many larger cities. Prices started at around $1 - $2 a square foot for large retail options, while many smaller options starting at around $500 a month. For those looking for executive St Louis office suites, the area has a great number of full service options with many amenities starting at around $600 a month for smaller options. Office furniture options are also plentiful in the area, and create a good sense of opportunity for those looking to furnish their offices with proper furniture. We also have serviced office suites in Kansas City for rent.

Office Suite Lease:

How long have you been in business? Are you debating what type of lease to sign and for how long. Whatever your situation is, you need to plan ahead and decide what type of lease (or rental agreement) you want. For newer companies the best idea is to sign a shorter lease - like say 6-12 months because this will give you flexibility. Of course if you find an amazing deal on a commercial building that offers free move in, free months rent then you should consider that. On the other hand, if you have an established business that has a bright future, you should try to sign a longer lease - 24 months or longer.
The city of St Louis is a large part of the state of Missouri. With a deep historical context dating back to the 1790’s the area has been a major piece of the United States for many years. Known as the “Gateway to the West” it’s role in the westward expansion of the United States. In 1965 it took the nation and built a new Gateway Arch, which is now one of the biggest icons for the city. The estimated population of the city at its core is roughly 354,361 and an estimated metropolitan area residency of around 2.8 million residents.

Economy/Jobs:

The economic picture of St Louis is diverse and large. There are many different areas of industry that help shape the overall economic picture. It has a gross metropolitan product of around 80.94 billion dollars and makes up nearly 40% the GSP of Missouri. Some of the larger companies in the city include, Anheuser-Busch, Edward Jones, Energizer, Monsanto Company, Clayton, Emerson Electric, and so much more. Despite the wide variety of different vocations to explore, the area has an unemployment rate of around 10% and has been tough for some people in the greater metropolitan area. While job growth is relatively slow at the present, the city has an optimistic view of the near future in terms of development. If you want more data on Saint Louis and the commercial real estate job market (or any other city) then check out our office suite articles.

Sports/Crime Rates:

The tradition of sports and championship performance has been established for many years. Some of the large teams in the area include, the St Louis Blues in the NHL, The St Louis Cardinals in the MLB, the St Louis Rams in the NFL, and many other teams in both minor league developments and NCAA divisions. The attendance rate of the sports teams is quite high, no matter how well the teams are doing.
The crime rate of St Louis crime rate is quite high. The rate is 134 per one thousand residents and is higher than the national average. While the local law enforcement agencies have been trumping up efforts, the area has battled crime for many years, and has seen a fluctuation of rates.