Newspaper article St Louis Post-Dispatch (MO)

Best of Building Blocks

Newspaper article St Louis Post-Dispatch (MO)

Best of Building Blocks

Article excerpt

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Report cites area's industrial growth * A new report finds that the St. Louis industrial market is participating in the national recovery.

Vacancy rates are down and rental rates are up, according to the report by Colliers International.

In the St. Louis market, overall absorption the amount of occupied space grew by 860,640 square feet in the second quarter, the report says. Positive absorption for the year tops 1.6 million square feet.

Transactions in the warehouse sector in the range of 20,000 to 125,000 square feet made up the bulk of this quarter's absorption, Colliers says.

The second-quarter vacancy was 8.1 percent, down from 8.3 percent at the end of first quarter. Rental rates edged up 0.3 percent, to $3.96 per square foot.

Colliers says a key to more industrial growth in St. Louis is further development of the North Riverfront Commerce Corridor. …

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