ST. LOUIS—As reported in, the real estate markets in this region have been in a recovery mode for some time, and according to a new report from JLL, the office market has hit an important milestone. Six years after reaching a peak in May 2008, office employment finally returned to its pre-recession level in the third quarter.

“It’s been especially strong in the last 12 to 18 months,” Blaise Tomazic, a St. Louis-based senior research analyst with JLL, tells The data show that professional and business services, which represent 45% of office employment, increased by 19,800 jobs since January 2013. And combined with financial activities these two sectors have made up for shrinking government employment in the region. The regional office market added 7,000 white-collar jobs in just the last six months.

Want to continue reading?
Become a Free ALM Digital Reader.

Once you are an ALM digital member, you’ll receive:

  • Unlimited access to GlobeSt and other free ALM publications
  • Access to 15 years of GlobeSt archives
  • Your choice of GlobeSt digital newsletters and over 70 others from popular sister publications
  • 1 free article* every 30 days across the ALM subscription network
  • Exclusive discounts on ALM events and publications

*May exclude premium content
Already have an account?


© 2023 ALM Global, LLC, All Rights Reserved. Request academic re-use from All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.



Join GlobeSt

Don't miss crucial news and insights you need to make informed commercial real estate decisions. Join now!

  • Free unlimited access to's trusted and independent team of experts who provide commercial real estate owners, investors, developers, brokers and finance professionals with comprehensive coverage, analysis and best practices necessary to innovate and build business.
  • Exclusive discounts on ALM and GlobeSt events.
  • Access to other award-winning ALM websites including and

Already have an account? Sign In Now
Join GlobeSt

Copyright © 2023 ALM Global, LLC. All Rights Reserved.