Insights
Missouri
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VACANCY
Apartment
Average Vacancy Rate 4.4%
- No change since Q1 2020.
- Lowest level since Q2 2017.
- Expected to finish 2020 at 6.4%.
Distribution / Warehousing
Average Vacancy Rate 9.7%
- Drifted upward by 40 basis points.
- Expected to finish 2020 at 11.1%.
Flex / R&D
Average Vacancy Rate 10.5%
- Lowest in the Midwest region, twenty-fifth lowest in the nation.
- Drifted downward by 20 basis points.
- Lowest level since year-end 2009.
Office
Average Vacancy Rate 17.8%
- Drifted downward by 30 basis points.
- Expected to finish 2020 at 20.2%.
Retail
Average Vacancy Rate 11.6%
- Drifted downward by 10 basis points.
- Lowest level since Q1 2018.
- Expected to finish 2020 at 13.8%.
RENT
Apartment
Average Asking Rent $977
- Up 0.4% from Q1 2020.
- Has risen in every quarter since Q1 2010.
- Expected to finish 2020 at $950.
Distribution / Warehousing
Average Asking Rent $3.76
- Fourth fastest rent growth in the nation, and the second in the Midwest region, behind only Des Moines.
- Has risen in every quarter since Q3 2012.
- Expected to finish 2020 at $3.58.
Flex / R&D
Average Asking Rent $7.32
- Flat since Q1 2020.
- Expected to finish 2020 at $6.86.
Office
Average Asking Rent $21.97
- Flat since Q1 2020.
- Expected to finish 2020 at $21.57.
Retail
Average Asking Rent $15.09
- Down 0.5% from Q1 2020.
- Expected to finish 2020 at $14.40.
VACANCY
Apartment
Average Vacancy Rate 4.6%
- Drifted upward by 20 basis points.
- Expected to finish 2020 at 6.2%.
Distribution / Warehousing
Average Vacancy Rate 11.4%
- Drifted downward by 10 basis points.
- Expected to finish 2020 at 13.3%.
Flex / R&D
Average Vacancy Rate 12.7%
- Drifted upward by 40 basis points.
- Among the 10 highest vacancies nationally.
- Expected to finish 2020 at 14.5%.
Office
Average Vacancy Rate 17.7%
- Drifted upward by 30 basis points.
- Highest level since Q1 2014.
- Expected to finish 2020 at 19.5%.
Retail
Average Vacancy Rate 12.5%
- No change since Q1 2020.
- Among the 20 highest vacancies nationally.
- Expected to finish 2020 at 15.3%.
RENT
Apartment
Average Asking Rent $994
- Down 0.1% from Q1 2020.
- Expected to finish 2020 at $978.
Distribution / Warehousing
Average Asking Rent $4.24
- Down 0.5% from Q1 2020.
- Expected to finish 2020 at $4.06.
Flex / R&D
Average Asking Rent $7.54
- Second lowest rent growth in the nation, higher than only San Francisco.
- Expected to finish 2020 at $7.05.
Office
Average Asking Rent $22.16
- Down 0.2% from Q1 2020.
- Expected to finish 2020 at $21.53.
Retail
Average Asking Rent $15.88
- Down 0.5% from Q1 2020.
- Expected to finish 2020 at $14.67.