Midwestern markets top national rent growth
Modest construction pipelines limit oversupply
National rent growth has slowed significantly since the first quarter of 2022, from 9.9% to just 1.0% for 2024's fourth quarter. Weakness in national rent growth stems largely from...
Memphis apartment demand bounces back after two-year slump
Vacancy, rent growth likely to improve in 2025 as development slows
The multifamily market in Memphis, Tennessee, ended 2024 on a high note, with annual apartment demand outpacing supply for the first time since 2021. And with a slowing constructio...
Kansas City apartment demand increases in 2024
Rent growth was the second highest in the nation last year
The Kansas City multifamily market improved in 2024 as demand increased and pressure from new construction began to slow.
St. Louis apartment market on solid footing heading into 2025
Supply pressures to ease further this year
The St. Louis multifamily market improved in 2024 as demand increased and pressure from new construction began to slow. At the end of the year, the vacancy rate was 9.9%, a 40-basi...
St. Louis office availabilities turn the corner heading into 2025
Declining sublet space leads the way
Since the start of 2020, the St. Louis office market has endured a significant uptick in availabilities as companies reconsidered their office space usage. This has resulted in rec...
Smaller properties keep Kansas City industrial vacancy below national average
Vacancy divergence from national average largest since 2014
The Kansas City industrial market has bucked the national trend of rising vacancy rates since the start of the year. Fewer properties were built in 2024 after a record amount of ne...
Kansas City multifamily construction pipeline falls from 2022 high
Completions projected to reach a five-year low in 2025
With increased borrowing costs, higher equity requirements and slowing rent growth, multifamily construction activity in Kansas City is down from its record-high in mid-2022. In No...
Kansas City workforce expands as unemployment rate declines
Retail spending continues to fuel leisure and hospitality employment
According to the latest data from the Bureau of Labor Statistics, the Kansas City labor market continues to grow, adding 15,500 jobs in September compared to last year.
St. Louis multifamily construction falls to post-pandemic low
Number of completed developments projected to reach 10-year low in 2025
The construction of multifamily housing in St. Louis has reached its lowest level since 2020 amid increased borrowing costs, higher equity requirements and slowing rent growth.
Memphis labor market shows signs of growth for first time in over a year
Despite boost in employment, six of 10 job sectors shrank over the past year
The Memphis, Tennessee, labor market showed signs of expansion for the first time in 15 months, adding 3,100 jobs in October compared to last year, according to the latest Bureau o...
Manufacturing sector tops St. Louis job numbers
Local labor market added 25,000 jobs in October
The St. Louis labor market has continued expanding, adding 25,000 jobs in October compared to last year, according to the latest Bureau of Labor Statistics data. This increase of 1...
Newer retail buildings in Memphis have higher availability rates than older properties
Retail trend contradicts availability in other regional markets like Kansas City, St. Louis
Strong consumer spending in recent years has led to a surge in retail expansions nationwide, leading to record-low availability rates. Memphis, Tennessee, has been no exception.
Retail availability concentrated among older St. Louis properties
Nearly two-thirds of available space was built before 1990
Strong consumer spending in recent years has led to a surge in retail expansions nationwide, leading to record low availability rates. St. Louis is no exception.
Retail availability concentrated among older properties in Kansas City
Nearly two-thirds of market's available space was built before 1990
Strong consumer spending in recent years has led to a surge in retail expansions nationwide, leading to record-low availability rates, and Kansas City is no exception.
Renter demand lowers Kansas City apartment vacancy rate
Johnson County leads the way
Renter demand in Kansas City has risen this year as consumer sentiment has improved and the inflation rate has slowed. At the end of the third quarter, absorption, or the differenc...
St. Louis renter demand doubles pace from last year
Renter demand is strongest in the western suburbs
Renter demand in St. Louis has risen this year as consumer sentiment improved and the inflation rate slowed. At the end of the third quarter, absorption, or the difference between ...
Demand for mid-priced apartments reaches two-year high in Kansas City
Vacancies are now the lowest among the three property categories
Following the trends from the rest of the country, demand for three-star properties has increased considerably in 2024. The rise in demand led to net absorption, or the change in t...
Demand for mid-priced apartments reaches a two-year high in St. Louis
St. Charles County sees the most activity
Following the trends from the rest of the country, demand for three-star properties has increased considerably in 2024. The rise in demand led to net absorption, or the difference ...
St. Louis investment sales activity rises in the second quarter
Sales are still just half of the 2021 peak
While sales are down from their peak in late 2021, St. Louis saw an uptick in activity during the second quarter of 2024, with the number of transactions rising 7% from the first q...
Kansas City sales activity rises off the recent low
Sales fell to lowest level since onset of pandemic in the first quarter
While sales are down from their peak in late 2021, Kansas City saw an uptick in activity during the second quarter of 2024, with the number of transactions rising 17% from the firs...