St. Louis, MO Office Overview
The St. Louis Metropolitan Area includes the Central West End, Midtown, and Suson Park submarkets. With a metropolitan population of over 2.8 million, it’s the largest metro area in Missouri. The office market is driven by a mix of transportation, biotechnology, and education sectors.
As of mid-2017, the market encompasses over 37 million square feet of existing office space in properties larger than 50,000 square feet. St. Louis is home to nine of the 10 Fortune 500 companies located in Missouri, and the growing presence of medical, pharmaceutical, and bio-research companies help maintain the robust demand that drives the commercial real estate market.
St. Louis, MO Office Inventory Description
Home to nearly 40 colleges and universities, St. Louis produces the highly skilled labor force that today's employers require. With an annual gross metropolitan product of over $150 billion, the demand for office space is strong. Nearly 59% of the office space is Class A, while Class B accounts for another 41%.
Downtown is home to some of the most prestigious properties in the area. Located along the Gateway Arch Park and the western shore of the Mississippi River, it’s home to buildings such as Bank of America Plaza, One US Bank Plaza, and One Metropolitan Square.
Saint Louis, MO Commercial Inventory Breakdown
Total: 52,777,078 SF
By square footage range:
- 50k to 100k SF: 10,653,450 SF / 20.19% of total office
- 100k to 500k SF: 28,218,712 SF / 53.47% of total office
- 500k to 1M SF: 6,988,784 SF / 13.24% of total office
- > 1M SF: 6,916,132 SF / 13.1% of total office
- Class A: 24,559,627 SF / 46.53% of total office
- Class B: 22,976,705 SF / 43.54% of total office
- Class C: 880,668 SF / 1.67% of total office
Top 10 Largest Office Buildings
in St. Louis
|Office building||Address||Sqft||Year built|
|Wells Fargo Advisors St. Louis Campus||1 North Jefferson Avenue, 63103||2,300,000||1968|
|Monsanto Creve Coeur East Campus||800 North Lindbergh Blvd, 63141||1,281,553||1957|
|One AT&T Center||909 Chestnut Street, 63101||1,273,750||1985|
|One Metropolitan Square||211 North Broadway, 63102||1,040,829||1989|
|Emerson World Headquarters||8100 West Florissant Avenue, 63136||1,020,000||1958|
|Bank of America Plaza||800 Market Street, 63101||749,857||1982|
|13045 Tesson Ferry Road||13045 Tesson Ferry Road, 63128||646,520||1978|
|Southwestern Bell Building||1010 Pine Street, 63101||570,880||1925|
|Centene Clayton Campus - Carondelet Tower||7711 Carondelet Avenue, 63105||558,570||n/a|
|The Globe Building||710 North Tucker Blvd, 63101||550,000||1959|
Most Recently-Built Office Buildings
in St. Louis
|Office building||Address||Sqft||Year built|
|The PwC Pennant Building||329 South Broadway, 63102||124,000||2019|
|The Crescent Building||4340 Duncan Avenue, 63110||96,000||2019|
|Lifetime at Plaza Frontenac - Office Building||2021 South Lindbergh Blvd, 63131||36,000||2019|
|Cortex Innovation Community - 4220 Duncan||4220 Duncan Avenue, 63110||182,068||2018|
|Westport Plaza - World Wide Technology Headquarters||1 World Wide Way, 63146||210,000||2017|
|Sunset Ridge||1515 Des Peres Road, 63131||45,300||2017|
|Center for Advanced Medicine - South County||5201 Midamerica Plaza, 63129||84,500||2016|
|4260 Forest Park Avenue||4260 Forest Park Avenue, 63108||60,000||2016|
|2900 Pershall Road||2900 Pershall Road, 63136||59,000||2016|
|7840 Natural Bridge Road||7840 Natural Bridge Road, 63121||48,000||2016|
St. Louis, MO Green Office Space
Green office space across major U.S. markets continues to grow. The percentage of green buildings has increased nearly eight-fold, from less than 5% in 2005 to nearly 40% by mid-2017.
In the 2017 National Green Building Adoption Index, St. Louis ranked 28th out of the top 30 markets, for energy-efficient office space. While just under 2% of the office buildings larger than 50,000 square feet in St. Louis are LEED-Certified, another 2% are Energy Star-rated and over 3% are otherwise green certified.
The Cortex Innovation Community - Cortex I is a beautiful example of green office construction. Built in 2006, this 152,000-square-foot office, research & development project is LEED-Certified Green. It also diverted 60% of construction waste away from area landfills and has a 100% permanent CO2 sensor and control system.
St. Louis, MO's Top Office-Using Sectors
St. Louis is home to a diverse mix of business sectors, including transportation, manufacturing, healthcare, biotechnology, and aerospace.
- Transportation & Manufacturing – Union Pacific Railroad, InBev, Nestle, United Van Lines, and General Motors.
- Healthcare & Biotechnology – Pfizer, the Alvin J. Siteman Cancer Center, and BJC Healthcare.
- Aerospace & High Tech – Tyco International, Boeing, LaunchCode and LockerDome.
- Fortune 500 Headquarters – Express Scripts, Monsanto, Centene, Graybar Electric, and Edward Jones Investments.
Saint Louis Demographics
- Total Population920,537
- Male Population(47.6 %) 438,523
- Female Population(52.4 %) 482,014
- Median Age36.40
- Average Household Income$88,246
- Median Household Income$47,780
- Median Income Under 25$28,125
- Median Income 25-44$53,437
- Median Income 45-64$50,486
- Median Income Over 65$35,959
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