2019 Q2 Gundaker Commercial Industrial Market Report
The St. Louis industrial market recorded 182,740 SF of net absorption during 2Q 2019. Direct net absorption totaling 285,000 SF of
absorption with Sublet net absorption totaling -102,260 SF for 2Q 2019. The amount of vacant square footage increased from 9,984,049 SF in 1Q 2019 to 10,656,309 SF at the close of 2Q 2019. The total vacancy rate remained the same at 6.9% for the 1st and 2nd Quarter in 2019. Overall NNN asking rents decreased from $4.46 PSF in 1Q 2019 to $4.40 SF at the close of 2Q 2019.
