St. Louis Office Market Report
By PropZone Research · Data through Q1 2026 · Aggregated from CBRE, Newmark, Newmark, Cushman & Wakefield
Quarterly office market indicators for St. Louis, aggregated by PropZone from CBRE, Newmark, Newmark, Cushman & Wakefield. As of Q1 2026, average asking rent was $21.40/SF.
Projected current office pricing — St. Louis
low confidenceProjected asking rent
$21.40/SF/yr
Estimated sale value
$107–$139/SF
Modeled estimate (income approach) shown as a range — not an appraisal. Projected asking rent × occupancy × net-operating-income margin band ÷ market cap rate, from Q1 2026 CBRE data (cap rate 9.2%, asking rent held flat). Assumes ~92% occupancy (vacancy not reported) and a 50–65% net-operating-income margin.
| Quarter | Asking rent | Vacancy | Net absorption | Under constr. | Source |
|---|---|---|---|---|---|
| Q1 2026 | $21.40/SF | — | — | — | CBRE |
| Q1 2026 | $21.40/SF | — | — | — | Newmark |
| Q4 2025 | $22.25/SF | — | -487K SF | — | Newmark |
| Q3 2025 | $22.28/SF | — | -392K SF | — | Newmark |
| Q2 2025 | $22.62/SF | — | 33K SF | — | Newmark |
| Q1 2025 | $22.76/SF | — | 120K SF | — | Newmark |
| Q4 2024 | — | — | 264K SF | — | Newmark |
| Q3 2024 | — | — | -135K SF | — | Newmark |
| Q2 2024 | $163.00/SF | — | — | 41K SF | Newmark |
| Q1 2024 | $18.00/SF | — | — | 41K SF | Newmark |
| Q3 2023 | — | — | 234K SF | — | Newmark |
| Q4 2020 | $23.04/SF | 17.0% | 55K SF | — | Cushman & Wakefield |
| Q3 2017 | $6.00/SF | 2.8% | 1.6M SF | — | Cushman & Wakefield |
Frequently asked questions
- What is the average asking rent for office space in St. Louis?
- As of Q1 2026, the average asking rent for office space in St. Louis was $21.40/SF, per CBRE.
- What is the office vacancy rate in St. Louis?
- Vacancy data for St. Louis office is aggregated from brokerage reports; refer to the quarterly table for available quarters.
- Where does PropZone's St. Louis market data come from?
- This report aggregates quarterly office market data for St. Louis from CBRE, Newmark, Newmark, Cushman & Wakefield.
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