2018 Q3 Gundaker Commercial Retail Market Report
The St. Louis retail market recorded 233,871 SF of net absorption during 3Q 2018. Direct net absorption totaled 223,308 SF of absorption with Sublet net absorption totaling 10,563 SF for 3Q 2018. The total vacancy rate for 3Q 2018 was 5.9%, a small increase from 5.8% in 3Q 2017. Direct vacancy rates increased as well from 5.7% in 3Q 2017 to 5.9% at the close of 3Q 2018. Overall asking rents increased from $12.30 PSF NNN in 3Q 2017 to $12.80 PSF NNN at the close of 3Q 2018.
