Insights

Missouri

BACK TO INSIGHTS

Market Overview

BACK TO INSIGHTS

EXPLORE 2 Missouri MARKETSToggle markets

Kansas City
St. Louis

Kansas City

Learn more about the Missouri markets from one of our professionals

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.

Learn more about the Missouri markets from one of our professionals

Learn more about the Missouri markets from one of our professionals.

St. Louis

Learn more about the Missouri markets from one of our professionals

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.

Learn more about the Missouri markets from one of our professionals

Learn more about the Missouri markets from one of our professionals.