A full house packed the Hilton St. Louis Frontenac in Frontenac, Missouri, for Midwest Real Estate News’ and REjournals’ first St. Louis Commercial Real Estate Summit. More than 150 CRE pros filled the seats to hear the top names in commercial real estate discuss the busy St. Louis commercial real estate market
And what did these pros here? Only that each commercial sector – industrial, retail, office and multifamily – is evolving in the St. Louis area. And with this evolution comes business, often big business.
As with most Midwest markets, both industrial and multifamily are busy in the St. Louis area. The industrial market is an especially tight one, with modern industrial space difficult to find. And the multitfamily market? The demand for renting is still strong, encouraging developers to invest in new apartment projects throughout the St. Louis area.
The St. Louis retail market does face challenges, as does physical retail across the country. But the speakers at the summit did say that retailers here are adapting and getting creative, all in an effort to beat back the threat of online shopping.
And the office market? That’s a steady one here, with suburban Clayton, Missouri, an especially strong hub for office activity.