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...
Nonfarm Payrolls Reach New Heights in Kansas City
Job Growth for City Over Past Year in Top 15 Nationwide
According to the latest Bureau of Labor Statistics data, the Kansas City labor market has continued expanding, adding 22,700 jobs in June compared to last year.
Nonfarm Payrolls reach record high in St. Louis
Job Growth Over the Past Year Is in the Top 10 Across the Country
According to the latest Bureau of Labor Statistics data, the St. Louis labor market continued expanding, adding 27,100 jobs in June compared to last year.
Office Leasing Volume in St. Louis Slows in the First Half of 2024
Chesterfield and Clayton Had the Most New Leases
As office usage has shifted over the past four years, tenant activity for new leases in St. Louis has declined. Through the first half of 2024, new leasing volume is about 60% belo...
Smaller Industrial Properties Drive Sales Activity in Nashville
Current Pace of Sales Would Be Just Above the 2023 Low for Tennessee's Capital
Sales of smaller industrial properties in Nashville, Tennessee, have been on the rise and account for most of the activity taking place in this market.
Smaller Properties Dominate Industrial Sales Activity in Kansas City
Larger Properties Are Selling Less Frequently Since 2021 Peak
While large industrial building sales typically garner the most attention, most buildings that sell each year are on the smaller side. In Kansas City, that number has been increasi...
Smaller Properties Dominate Industrial Sales in St. Louis
Sales of Larger Properties Are Down After Peaking in 2021
While large industrial building sales typically garner the most attention, most buildings that sell each year are smaller. That number has been increasing in St. Louis since 2021.
Kansas City Apartment Sales Slow in First Half of the Year
Activity Reached Lowest Level Since 2010
Multifamily Sales activity in Kansas City slowed in the first half of 2024. Through the first two quarters of the year, just over 2,200 apartment units were sold. This is the lowes...
St. Louis Apartment Sales Lag Behind Long-Term Averages
Activity Among Four-and Five-Star Properties Fell the Most
Multifamily sales activity in St. Louis continued at a slow pace in the first half of 2024. Through the first two quarters of the year, just over 3,100 apartment units were sold. T...
Multifamily Property Sales in Nashville Slow During Year's First Half
Activity Over the Past Two Years Is the Lowest Since 2012
Multifamily sales activity in Nashville, Tennessee, moved at a slow pace in the first half of 2024, as just over 3,200 apartment units were sold in the first two quarters of the ye...
St. Louis Industrial Vacancy Diverges from the National Average
Slowing Construction Has Kept Supply-Side Pressures Limited
The St. Louis industrial market has bucked the national trend of rising vacancy rates over the past 18 months as fewer properties have been built since the start of 2023 after a re...