Insights
Missouri
BACK TO INSIGHTSMarket Overview
BACK TO INSIGHTSEXPLORE 2 Missouri MARKETSToggle markets
VACANCY
Apartment
The average Vacancy Rate was 5.6% in the Kansas City metro
- Vacancy in the Kansas City metro drifted downward by 10 basis points.
- Vacancy is expected to finish 2022 at 5.4% in the Kansas City metro.
Distribution / Warehousing
The average Vacancy Rate was 6.5% in the Kansas City metro
- Vacancy in the Kansas City metro drifted downward by 10 basis points.
- The Kansas City metro was among the 20 lowest vacancies nationally.
- Vacancy is expected to finish 2022 at 6.0% in the Kansas City metro.
Flex / R&D
The average Vacancy Rate was 6.1% in the Kansas City metro
- The Kansas City metro had the sixth lowest vacancy in the nation and the fourth lowest in the Midwest.
- Vacancy in the Kansas City metro declined by 70 basis points.
- The Kansas City metro had the lowest vacancy level since Q3 2009.
Office
The average Vacancy Rate was 17.4% in the Kansas City metro
- The Kansas City metro had the fourth lowest vacancy in the nation and the fifth lowest in the Midwest.
- Vacancy in the Kansas City metro drifted upward by 20 basis points.
- Vacancy is expected to finish 2022 at 17.9% in the Kansas City metro.
Retail
The average Vacancy Rate was 11.4% in the Kansas City metro
- No vacancy change since year-end 2021 in the Kansas City metro.
- The Kansas City metro was among the 20 lowest vacancies nationally.
- Vacancy is expected to finish 2022 at 11.2% in the Kansas City metro.
RENT
Apartment
The average Asking Rent was $1,099 in the Kansas City metro
- Rent in the Kansas City metro was up 3.8% from year-end 2021.
- Rent is expected to finish 2022 at $1,131 in the Kansas City metro.
Distribution / Warehousing
The average Asking Rent was $4.02 in the Kansas City metro
- Rent in the Kansas City metro was up 1.0% from year-end 2021.
- Rent is expected to finish 2022 at $4.15 in the Kansas City metro.
Flex / R&D
The average Asking Rent was $7.62 in the Kansas City metro
- Rent in the Kansas City metro was up 0.9% from year-end 2021.
- Rent Has risen for seven consecutive quarters in the Kansas City metro.
- Rent is expected to finish 2022 at $7.84 in the Kansas City metro.
Office
The average Asking Rent was $22.69 in the Kansas City metro
- The Kansas City metro remained flat rent since year-end 2021.
- Rent is expected to finish 2022 at $22.82 in the Kansas City metro.
Retail
The average Asking Rent was $14.90 in the Kansas City metro
- Rent in the Kansas City metro was up 0.1% from year-end 2021.
- Rent is expected to finish 2022 at $14.96 in the Kansas City metro.
VACANCY
Apartment
The average Vacancy Rate was 4.0% in the St. Louis metro
- Vacancy in the St. Louis metro drifted downward by 30 basis points.
- The St. Louis metro was among the 20 lowest vacancies nationally.
- Vacancy is expected to finish 2022 at 4.2% in the St. Louis metro.
Distribution / Warehousing
The average Vacancy Rate was 8.4% in the St. Louis metro
- Vacancy in the St. Louis metro drifted downward by 30 basis points.
- The St. Louis metro had the lowest vacancy level since Q3 2009.
- Vacancy is expected to finish 2022 at 8.0% in the St. Louis metro.
Flex / R&D
The average Vacancy Rate was 11.2% in the St. Louis metro
- Vacancy in the St. Louis metro fell by 60 basis points.
- The St. Louis metro was among the 10 highest vacancies nationally.
- Vacancy is expected to finish 2022 at 10.6% in the St. Louis metro.
Office
The average Vacancy Rate was 18.7% in the St. Louis metro
- Vacancy in the St. Louis metro fell by 60 basis points.
- The St. Louis metro was among the 20 lowest vacancies nationally.
- Vacancy is expected to finish 2022 at 18.8% in the St. Louis metro.
Retail
The average Vacancy Rate was 13.3% in the St. Louis metro
- Vacancy in the St. Louis metro drifted upward by 10 basis points.
- The St. Louis metro had the highest vacancy level since Q2 2010.
- Vacancy is expected to finish 2022 at 13.2% in the St. Louis metro.
RENT
Apartment
The average Asking Rent was $1,101 in the St. Louis metro
- Rent in the St. Louis metro was up 4.2% from year-end 2021.
- St. Louis metro had its fastest rent rate of increase since Q2 1998.
- Rent is expected to finish 2022 at $1,137 in the St. Louis metro.
Distribution / Warehousing
The average Asking Rent was $4.54 in the St. Louis metro
- Rent in the St. Louis metro was up 0.9% from year-end 2021.
- Rent is expected to finish 2022 at $4.68 in the St. Louis metro.
Flex / R&D
The average Asking Rent was $7.86 in the St. Louis metro
- The St. Louis metro had the fastest rent growth in the Midwest region, tenth most rapid in the nation.
- St. Louis metro had its fastest rent rate of increase since Q3 2009.
- Rent Has risen for six consecutive quarters in the St. Louis metro.
Office
The average Asking Rent was $22.58 in the St. Louis metro
- Rent in the St. Louis metro was up 0.5% from year-end 2021.
- Rent is expected to finish 2022 at $22.59 in the St. Louis metro.
Retail
The average Asking Rent was $15.95 in the St. Louis metro
- The St. Louis metro had the fastest rent growth in the nation.
- Rent is expected to finish 2022 at $15.97 in the St. Louis metro.