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

The state of real estate in St. Louis? DTZ says it’s pretty good

Dan Rafter April 4, 2017
Share on Facebook Share on Twitter Share on LinkedIn Share via email

What’s the state of real estate in St. Louis? According to DTZ, expect steady growth in the commercial real estate market in this city in 2015.

DTZ held its annual The State of Real Estate St. Louis yesterday. A host of DTZ experts told a big crowd that St. Louis will see more commercial sales and leases, and more commercial development, in 2015.

Jim Mosby, executive managing director with DTZ, and DJ Fuchs, an associate, told attendees that build-to-suit options will be attractive to large office tenants this year. That’s mostly because of a lack of large continguous blocks of space throughout the St. Louis market.

The St. Louis office market enjoyed a strong fourth quarter of 2014, seeing a surge of large deals that helped the market net 474,000 square feet of positive absorption. For the entire year, the St. Louis office market absorbed 680,000 square feet. Fuchs and Mosby said that the expect the office market here to enjoy another strong year in 2015.

DTZ experts predict busy times for the St. Louis industrial market, too. The metro St. Louis area has 2.3 million square feet of industrial space in construction. Another 120,000 square feet of industrial construction is set to break ground during the first quarter of 2015.

Mike Hanrahan, senior managing director for DTZ, told attendees that the total capital markets transaction volume in St. Louis rose $95 millionin 2014, jumping from $1.10 billion in 2013 to $1.21 billion in 2014. For the first time since 2010, the office sector was the most active product type in the St. Louis market.

Tags
St. Louis
" "

Subscribe

Subscribe to our email list to read all news first.

Subscribe
Related Articles
MissouriCRE

St. Louis’ S.M. Wilson & Co. boosts technology department with two key moves

May 26, 2023
IllinoisNationalOffice

VIDEO: Want to improve young employees’ career development? Here is the solution

Mia GoulartMay 26, 2023
MidwestCRE

Millennial Title, Access Title complete merger

May 26, 2023
IllinoisCRE

Lendlease adds Nick Iselin to lead Central U.S.

May 26, 2023

Subscribe

Subscribe to our email list to read all news first.

Subscribe
REJournals logo

Market

  • Illinois
  • 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
  • Contact Us
  • Events
  • Office Locations
  • Advertise
© 2023 REjournals.com