Monday, March 9, 2015

Top OPPS new space Downtown - Curlee Building

A new site promoting Downtown St. Louis has an excellent video on Top OPPS' new office space at the Curlee Building.  Downtown St. Louis will continue to see "graduates" from T-REX and other incubators downtown, move and grow in the CBD.

Monday, February 16, 2015

St. Louis office market overview for 2014

Moving from recovery to expansion
Office-occupying employment is back to pre-recession levels
Office-occupying employment has posted annual gains for 23 consecutive
months. As a result, the four super sectors reached all-time highs earlier this
year. The gains are even stronger when excluding government employment,
gaining 13.6 percent from the January 2010 lows, compared to 6.2 percent. In
addition, non-farm payrolls gained 20,700 jobs from the previous year. This is the
second-highest 12-month increase in non-farm payrolls since 2005. The gains
have brought the local unemployment rate to 5.4 percent, the lowest level since
December 2007.

Full JLL report:

Friday, November 21, 2014

How do Downtown St. Louis office space stats compare to other CBD's?

Downtown St. Louis has a higher total vacancy rate than any other comparison city on this list but the Class A space vacancy is lower on average than any other.  Not all cities broke down total numbers and Class A numbers.  Many Class B and C office buildings have or are in the process of being converted to residential buildings.  No other comparison city has a second CBD the size of Clayton, which certainly affects the downtown stats.  Owner/occupied buildings such as AT&T, Purina and Wells Fargo are not tracked in these figures.

Source: CBRE
City (CBD)  Vacancy Inventory (square feet) Average Asking Rent Asking Rent Class A only Total Absorption (SF) 2014 YTD
Total Class A 
St. Louis 26.50% 11.80% 14,194,676 $15.22 $18.08 93,532
Cincinnati 20.30% 12,925,157 $20.79 98,266
Dallas 23.70% 29,415,642 $21.13 541,311
Denver 12.70% 25,627,875 $30.94 98,411
Indianapolis 19.10% 17.10% 11,944,526 $18.22 $19.51 24,448
Kansas City 22.40% 22.50% 14,911,631 $16.71 $18.45 108,980
Minneapolis  15.10% 11.90% 24,126,861 $14.42 $16.39 289,447

Monday, November 10, 2014

T-REX coworking/incubator space - Downtown St. Louis
Like a magnet, T-REX attracts innovation to downtown St. Louis, Missouri. A coworking space and technology incubator, we offer a blank canvas—a space where ideas are conceived and brought to fruition. We’ve worked to create an environment that serves as a network of creativity, where abstraction finds clarity amongst a collection of bright and dedicated minds. Hovering above a vivacious, animated city, we’re now home to a growing community of entrepreneurs, developers, designers, mentors, educators and more. We welcome all ambitious minds.

T-REX recently relocated from the Railway Exchange Building to the formerly named Lammert Building at 10th and Washington Avenue.  T-REX is rapidly bursting at the seams with new startup companies and is occupied by other groups such as Capital Innovators, Washington University, Arch Grants, etc. 

Tuesday, October 28, 2014

CIC@4240- Cambridge Innovation Center - Midtown, St. Louis

From Cortex link above:
CIC@4240 is open for business! Massachusetts’ renowned Cambridge Innovation Center today opens the doors to its new facility, the first of its kind outside of its home state. Housed inside Wexford Science + Technology’s @4240, the CIC’s new space is now a part of the world-class Cortex Innovation Community, creating and managing next-generation flexible work environments for start-ups and small and mid-sized companies. Starting with about 20 founding clients, CIC expects to eventually house as many as 75 companies in its @4240 location, from entrepreneurs and growth businesses to strategic service firms and investor groups. @4240 is a LEED Platinum certified lab and research facility.

4240 Building 

Thursday, September 25, 2014

Mackey Mitchell Architects Cupples 9

The architecture firm, Mackey Mitchell, recently relocated from Union Station to Cupples 9 in Downtown St. Louis.  Their space overlooks Busch Stadium and has excellent views of the arch and downtown in general.  Other firms in the building include: Osborn Barr, Asychrony Solutions, Yurbuds.

Wednesday, September 3, 2014

St. Louis Arch Grants Gala - Please join and help grow STL businesses!

There is no better way to contribute to the entrepreneurial spirit and business growth in St. Louis than by contributing to Arch Grants.  Please join the Arch Grants Gala: Saturday, October 11, 2014 at the Hyatt Regency (formerly the Adams Mark) at The Arch.

The Arch Grants global competition awards $50,000 grants to promising start-ups that re-locate or stay in St. Louis.  We have awarded $3.1 million to date and we do not take a stake in the company. Since 2012, we have funded 55 companies from applicants across the world. In the first eighteen months of our program, our entrepreneurs have created 192 jobs, generated $6.5 million in revenue, and raised $17.7 million in follow-on funding. In addition to the grant, startups receive free legal, accounting, marketing, and mentoring support through extensive partnering with local organizations. 

St. Louis is #2 in the U.S. in ease of starting a new business: