• Market-wide vacancy rose 40 bps during Q4 2020 to 12.9% on negative net absorption of 336,139 sq. ft.

  • St. Louis Metro unemployment averaged 4.9% (seasonally adjusted) as of November 2020, a decrease of 680 bps compared to peak unemployment in April 2020 (11.7%). The U.S. unemployment rate averaged 6.7% as of November 2020, 180 bps higher compared to the St. Louis average.

  • 785,750 sq. ft. of new office space remained under construction at the end of Q4 2020. Of that total, 82% represents new speculative office space for the market, with the remaining 18% representing build-to-suit space.