Skip to content
Homepage
  • Market
    • Illinois
    • Indiana
    • Iowa
    • Kansas
    • Kentucky
    • Michigan
    • Midwest
    • Minnesota
    • Missouri
    • N Dakota
    • National
    • Nebraska
    • Ohio
    • S Dakota
    • Tennessee
    • Texas
    • Wisconsin
  • Sector
    • CRE
    • Education
    • Finance
    • Healthcare
    • Hospitality
    • Industrial
    • Legal
    • Multifamily
    • Net Lease
    • Office
    • Retail
    • section
    • Seniors Housing
    • Student Housing
  • Events
  • Real Estate Awards
  • Subscribe
  • Publications
MissouriIndustrial

JLL: St. Louis industrial market to set new-construction record

Dan Rafter March 26, 2017
Share on Facebook Share on Twitter Share on LinkedIn Share via email

Developers are expected to bring nearly 7 million square feet of new industrial buildings to the St. Louis region by the end of the year, one more piece of evidence that this area’s industrial market is booming. This is also good news for the Illinois industrial market, as much of this construction activity is taking place across the border on the Illinois side of the St. Louis market.

JLL, in its most recent industrial report, said this would be the largest amount of industrial construction that the St. Louis area has ever seen in one year.

The numbers are impressive: JLL reports that more than 3.5 million square feet of industrial construction was delivered by the end of the third quarter, with 3.4 million more expected to reach the market by the end of the fourth. Construction deliveries have easily outpaced 2015, when 2.2 million square feet of new industrial buildings rose in the St. Louis region.

“It’s been a remarkable year for industrial growth in St. Louis,” said Pat Reilly, senior vice president for JLL and president of the St. Louis chapter of the Society of Industrial and Office Realtors. “All indicators point toward sustained momentum in the sector.”

The demand that is fueling all this new construction is resulting in rising industrial rents, with JLL reporting that these have risen 4.4 percent his year when compared with 2015.

The biggest industrial construction projects in this market include GM’s supplier warehouse in Wentzville (1.1 million square feet), Reckitt Benckiser’s new distribution center in St. Peters (717,000 square feet) and NorthPark’s new speculative warehouse in North County (538,000 square feet).

In more good news, the St. Louis industrial makret has absorbed more than 4 million square feet, the most industrial activity here in 10 years. JLL estimates that industrial absorption will top 5 million square feet by the end of the year.

Tags
St. Louis
" "

Subscribe

Subscribe to our email list to read all news first.

Subscribe
Related Articles
MissouriCRE

St. Louis’ RedKey Realty Leaders launches commercial division

July 14, 2025
IndianaCRE

Evansville’s Regency Properties names VP of lease administration

July 14, 2025
TexasCRE

Fields West Development in Frisco announces closing of $425 million construction loan

July 14, 2025
IllinoisMultifamily

Marcus & Millichap closes sale of 88-unit multifamily property in Glen Ellyn

July 14, 2025

Subscribe

Subscribe to our email list to read all news first.

Subscribe
REJournals logo

Market

  • Illinois
  • Indiana
  • Iowa
  • Kansas
  • Kentucky
  • Michigan
  • Midwest
  • Minnesota
  • Missouri
  • N Dakota
  • National
  • Nebraska
  • Ohio
  • S Dakota
  • Tennessee
  • Texas
  • Wisconsin

Sector

  • CRE
  • Education
  • Finance
  • Healthcare
  • Hospitality
  • Industrial
  • Legal
  • Multifamily
  • Net Lease
  • Office
  • Retail
  • section
  • Seniors Housing
  • Student Housing

Subscribe

Subscribe to our email list to read all news first.

Subscribe
  • Events
  • Office Locations
  • Advertise
  • Terms and Conditions
  • Contact
© 2025 REjournals.com