Insights
Missouri
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VACANCY
Apartment
Average Vacancy Rate 5.3%
- Drifted upward by 30 basis points.
- Highest level since Q2 2012.
- Expected to finish 2021 at 5.0%.
Distribution / Warehousing
Average Vacancy Rate 8.6%
- Drifted upward by 10 basis points.
- Expected to finish 2021 at 8.5%.
Flex / R&D
Average Vacancy Rate 12.6%
- Rose by 160 basis points.
- Among the 20 highest vacancies nationally.
- Expected to finish 2021 at 12.1%.
Office
Average Vacancy Rate 18.6%
- Drifted upward by 10 basis points.
- Highest level since Q2 1996.
- Expected to finish 2021 at 19.7%.
Retail
Average Vacancy Rate 11.7%
- No change since year-end 2020.
- Expected to finish 2021 at 13.1%.
RENT
Apartment
Average Asking Rent $985
- Up 0.2% from year-end 2020.
- Expected to finish 2021 at $1,008.
Distribution / Warehousing
Average Asking Rent $3.80
- Second lowest rent growth in the nation, higher than only Boise.
- Expected to finish 2021 at $3.90.
Flex / R&D
Average Asking Rent $7.37
- Up 0.1% from year-end 2020.
- Expected to finish 2021 at $7.36.
Office
Average Asking Rent $22.64
- Seventh fastest rent growth in the nation, and the second in the Midwest region, behind only Milwaukee.
- Expected to finish 2021 at $22.04.
Retail
Average Asking Rent $14.84
- Down 0.4% from year-end 2020.
- Expected to finish 2021 at $14.48.
VACANCY
Apartment
Average Vacancy Rate 5.4%
- Drifted upward by 40 basis points.
- Highest level since Q2 2018.
- Expected to finish 2021 at 5.1%.
Distribution / Warehousing
Average Vacancy Rate 11.7%
- Drifted upward by 30 basis points.
- Expected to finish 2021 at 11.4%.
Flex / R&D
Average Vacancy Rate 12.8%
- Drifted downward by 40 basis points.
- Among the 20 highest vacancies nationally.
- Expected to finish 2021 at 13.3%.
Office
Average Vacancy Rate 19.1%
- Increased by 60 basis points.
- Highest level since Q1 1997.
- Expected to finish 2021 at 19.9%.
Retail
Average Vacancy Rate 13.1%
- No change since year-end 2020.
- Among the 20 highest vacancies nationally.
- Expected to finish 2021 at 15.4%.
RENT
Apartment
Average Asking Rent $1,008
- Fastest rent growth in the Midwest region, ninth most rapid in the nation.
- Expected to finish 2021 at $1,030.
Distribution / Warehousing
Average Asking Rent $4.31
- Up 0.2% from year-end 2020.
- Expected to finish 2021 at $4.40.
Flex / R&D
Average Asking Rent $7.64
- Up 0.3% from year-end 2020.
- Expected to finish 2021 at $7.62.
Office
Average Asking Rent $22.38
- Down 0.1% from year-end 2020.
- Expected to finish 2021 at $21.97.
Retail
Average Asking Rent $15.83
- Up 0.1% from year-end 2020.
- Expected to finish 2021 at $15.03.