St. Louis office space availability falls from its peak
Suburban areas lead the turnaround
Since the start of 2020, the St. Louis office market has endured a significant uptick in availability as companies have reconsidered their office space usage. As of March, the mark...
St. Louis office market stabilizes in early 2025
What CoStar's analytics team is hearing from industry players in St. Louis
St. Louis office trends in early 2025
St. Louis multifamily market looks to continue improving in early 2025
What CoStar's analytics team is hearing from industry players in St. Louis
The St. Louis market has improved heading into 2025 as demand is increasing and pressure from new construction is subsiding. While a slowing construction pipeline bodes well for ow...
St Louis unemployment rate improves to lowest level in a year
Office-occupying sectors turn the corner
According to the latest data from the Bureau of Labor Statistics, the St. Louis labor market continues to grow, adding 21,200 jobs in December compared to last year.
Office occupying sectors lead Kansas City employment growth
Nonfarm payrolls remain near all-time highs
According to the latest data from the Bureau of Labor Statistics, the Kansas City labor market continues to grow, adding 17,600 jobs in December compared to last year.
Kansas City sales activity slows for third straight year
Office properties show only annual gain
Higher interest rates and tighter lending requirements have hampered the Kansas City commercial real estate investment market over the past three years. As a result, investment act...
St. Louis sales activity had slight increase in 2024
Multifamily properties see greatest gain in number of transactions
Higher interest rates and tighter lending requirements have hampered the St. Louis commercial real estate investment market over the past three years. As a result, investment activ...
Kansas City and Philadelphia: Here’s how these Super Bowl cities match up on real estate
Chiefs and Eagles winner to be decided on Sunday; Kansas City edges Philly in recent property performance
On Sunday, the defending NFL champion Kansas City Chiefs face the Philadelphia Eagles in Super Bowl LIX. The Chiefs are pursuing a historic Super Bowl three-peat, while the Eagles ...
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.