ST. LOUIS—The St. Louis industrialmarket has continued its hot streak, ending the first quarter of2017 with 1.69 million square feet of net absorption and 1.74million square feet of new inventory delivered, according to a newreport from Cushman &Wakefield.
Over the last two years,developers have added 5.45 million square feet of speculativeinventory, and tenants have quickly leased over 3.63 million squarefeet of that space, the data show. The vacancy rate ended thequarter at 6.7%, well below the historic average of8.0%.
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Brian J. Rogal
Brian J. Rogal is a Chicago-based freelance writer with years of experience as an investigative reporter and editor, most notably at The Chicago Reporter, where he concentrated on housing issues. He also has written extensively on alternative energy and the payments card industry for national trade publications.
