Insights
Illinois
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Apartment
The average Vacancy Rate was 5.2% in the Chicago metro
Distribution / Warehousing
The average Vacancy Rate was 5.1% in the Chicago metro
Flex / R&D
The average Vacancy Rate was 5.9% in the Chicago metro
Office
The average Vacancy Rate was 18.0% in the Chicago metro
Retail
The average Vacancy Rate was 13.0% in the Chicago metro
- Vacancy in the Chicago metro drifted upward by 30 basis points.
- The Chicago metro had the highest vacancy level since year-end 1994.
RENT
Apartment
The average Asking Rent was $1,833 in the Chicago metro
Distribution / Warehousing
The average Asking Rent was $6.64 in the Chicago metro
- Rent in the Chicago metro was up 0.9% from Q3 2023.
- Rent has risen in every quarter since Q2 2020 in the Chicago metro.
Flex / R&D
The average Asking Rent was $10.07 in the Chicago metro
- Rent in the Chicago metro was up 1.0% from Q3 2023.
- Rent has risen in every quarter since Q3 2020 in the Chicago metro.
Office
The average Asking Rent was $32.56 in the Chicago metro
Retail
The average Asking Rent was $20.93 in the Chicago metro
VACANCY
Apartment
The average Vacancy Rate was 4.9% in the St. Louis metro
- Vacancy in the St. Louis metro drifted upward by 30 basis points.
- The St. Louis metro had the highest vacancy level since Q2 2021.
Distribution / Warehousing
The average Vacancy Rate was 7.6% in the St. Louis metro
Flex / R&D
The average Vacancy Rate was 6.0% in the St. Louis metro
Office
The average Vacancy Rate was 23.2% in the St. Louis metro
- Vacancy in the St. Louis metro increased by 70 basis points.
- The St. Louis metro had the highest vacancy level since year-end 1993.
Retail
The average Vacancy Rate was 13.6% in the St. Louis metro
RENT
Apartment
The average Asking Rent was $1,161 in the St. Louis metro
Distribution / Warehousing
The average Asking Rent was $5.33 in the St. Louis metro
- Rent in the St. Louis metro was up 0.9% from Q3 2023.
- Rent has risen in every quarter since Q2 2020 in the St. Louis metro.
Flex / R&D
The average Asking Rent was $8.76 in the St. Louis metro
- Rent in the St. Louis metro was up 0.8% from Q3 2023.
- Rent has risen in every quarter since Q2 2020 in the St. Louis metro.