St. Louis, MO - Office Market Overview
The St. Louis Metropolitan Area includes the Central West End, Midtown, and Suson Park office space submarkets. With a metropolitan population of over 2.8 million, St. Louis is part of the largest metro area in Missouri. Located at the junction of the Missouri and Mississippi Rivers, this office market is driven by a mix of transportation, biotechnology, and education sectors.
As of mid-2017, the Greater St. Louis office 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 the10 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 St. Louis 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 white-collar office employers require. With a gross metropolitan product of over $150 billion annually, the demand for office space in St. Louis remains dynamic. Nearly 59% of the office space in St. Louis is Class A or A+, while Class B office space brings another 41% of inventory to the market.
The Downtown Business District office market in St. Louis is home to some of the most prestigious trophy office properties in the metro area. Located along the Gateway Arch Park and the western shore of the Mississippi River, this submarket is home to Class A office buildings such as Bank of America Plaza, One US Bank Plaza, and the One Metropolitan Square building on 211 N. Broadway.
Saint Louis, MO Commercial Inventory Breakdown
Total: 51,677,194 SF
By square footage range:
- 50k to 100k SF: 10,525,940 SF / 20.37% of total office
- 100k to 500k SF: 27,205,514 SF / 52.65% of total office
- 500k to 1M SF: 7,029,608 SF / 13.6% of total office
- > 1M SF: 6,916,132 SF / 13.38% of total office
- Class A: 24,352,451 SF / 47.12% of total office
- Class B: 22,456,195 SF / 43.45% of total office
- Class C: 880,668 SF / 1.7% 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|
|Centene Clayton Campus - Hanley Tower||7620 Forsyth Blvd, 63105||659,155||2019|
|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|
Most Recently-Built Office Buildings
in St. Louis
|Office building||Address||Sqft||Year built|
|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|
|Cortex Innovation Community - @4240||4240 Duncan Avenue, 63110||202,500||2014|
|St. Louis Dental Center||1500 Park Avenue, 63104||79,000||2014|
|4700 North Hanley Road||4700 North Hanley Road, 63134||225,668||2013|
St. Louis, MO - Green Office Space
Green building in commercial office space across major U.S. markets continues to grow. The percentage of green certified 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 in St. Louis. Built in 2006, this 152,000-square-foot office, research & development project was awarded a LEED CS pre-certification halfway through its construction. This green office building 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
The St. Louis Metropolitan Area is home to nine Fortune 500 companies, while the greater metro area hosts and additional seven Fortune 500 company headquarters. The commercial real estate market in St. Louis is constantly growing due to demand from a diverse mix of business sectors, including transportation & manufacturing, health care & biotechnology, and aerospace.
- Transportation & Manufacturing – Union Pacific Railroad, InBev, Nestle, United Van Lines, and General Motors are all located in the St. Louis metro area.
- Healthcare & Biotechnology – Pfizer, the Alvin J. Siteman Cancer Center, and BJC Healthcare all contribute to the demand for white-collar office space in St. Louis.
- Aerospace & High Tech – Tyco International, Boeing, LaunchCode and LockerDome are some of the many high-technology companies in the St. Louis metro area and one of the top office-using sectors in the city.
- Fortune 500 Headquarters – Express Scripts, Monsanto, Centene, Graybar Electric, and Edward Jones Investments are just five of the Fortune 500 companies headquartered in St. Louis that drive the demand for commercial office space.
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
Rust Belt Cities Ranked: The Most Successful Comeback Stories
September 09, 2019
In 2016, Antoine van Agtmael and Fred Bakker, authors of “The Smartest Places on Earth: Why Rustbelts are the Emerging Hotspots of Global Innovation,” commented on the current state of industry in the U.S. They highlighted the fact that while many voices decry the bleak state of manufacturing in...
Winners and Losers in the Labor Market – US States and Metros with the Highest Income Inequality
August 21, 2018
Ever since Gordon Gekko uttered his now infamous credo, “greed is good,” many economists have been concerned with the long-term effects of the growing income inequality in the U.S. While free-market enthusiasts see things differently, inequality has become a recurring topic within our news cyc...
Looking to Relocate Your Business? Phoenix is Your Best Bet
November 01, 2017
Amazon’s search for a new home has stirred up city officials and developers across the country, and 238 applicants across North America have expressed interest in housing the company’s next headquarters. Of course, the retail giant has a few requirements: the chosen metropolitan area should idea...