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


http://downtowntrex.com
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.