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Hi, we're Colliers | St. Louis


Throughout the greater St. Louis metropolitan region, Colliers' trusted advisors collaborate closely with clients, delivering thoughtful and successful commercial real estate solutions. Our integrated services approach empowers clients to make knowledge-based, strategic commercial real estate decisions with lasting, positive results.

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Featured research

Jan 27, 2023

2022 Q4 Sublease St Louis Report Colliers

2022 Q4 Sublease St Louis Report Colliers
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Jan 27, 2023

2022 Q4 Industrial St Louis Report Colliers

2022 Q4 Industrial St Louis Report Colliers
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Jan 27, 2023

2022 Q4 St. Louis Office Market Report Colliers

The year ended with more uncertainty for the St. Louis office market. Vacancy rates remain high, up from 17.79% in Q1 2021 to 19.80% at the end of 2022. However, this was a slight improvement from the previous quarter. At 20.65%, Q3 2022 saw one of the highest vacancy rates recorded in recent history. Despite the high vacancy rates, overall asking rental rates have actually increased year-over-year. The average direct asking rental rate was $22.45 per square foot (PSF) at year end, up from $22.17 one year ago. Although vacancy rates were high, landlords did not want lower rates as there were many uncertainties still lingering from the pandemic market. As the year progressed, it became apparent the hybrid working model is here to stay and vacancy rate steadily climbed. Conditions remain favorable for occupiers as they have many office space options including many sublease spaces. Sublease space has been a key talking point since the beginning of the pandemic. Sublease space reached a new all-time high of 2.3 MSF (million square feet) available in Q4. Several major companies such as Centene, Magellan Health, and Bank of America vacated their large blocks class A space opting to downsize and hopefully recoup some of their money through subleases. Centene marketed the largest amount of sublease space totaling 591,631 SF throughout 5 buildings in the St. Louis market in Q3. Once again, the Clayton submarket has fared the best, with 11.01% vacancy and an average $30.01 PSF asking rental rates, the highest in the market to end the year. Early 2023 will bring new class A inventory to Clayton. Forsyth Pointe and Commerce Bank Tower are expected to deliver in Q1 2023, adding approximately 473,000 SF of office space to the Clayton market. These adjoining buildings are already 33% leased to Husch Blackwell alone. One positive note is a recent increase in demand. Strong leasing activity was prevalent throughout the year totaling 1.98 MSF of leased space. This is close to the 2.3 MSF that was leased in 2019 prior to the pandemic. Over 530,000 SF leased in 4Q 2022 helped boost absorption numbers which ended at positive 351,798 SF for the quarter. This is the first quarter with over 100,000 SF of positive absorption since Q4 of 2019, right before the pandemic hit. If this trend continues, the office market will be on a good path for 2023.
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Nov 2, 2022

2022 Q3 Industrial St Louis Report Colliers

2022 Q3 Industrial St Louis Report Colliers
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Dynamic team of trusted advisors

St. Louis commercial real estate advisors

The Colliers | St. Louis team focuses on being a best-in-class commercial real estate services organization measured by client service, strong relationships and team success.

With our regional advisors' multi-dimensional background in commercial real estate investment, development, finance, asset management, brokerage and property management, we provide clients and colleagues with a strategic, 360-degree view of commercial real estate.

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St. Louis roots

Colliers' roots in the greater St. Louis metropolitan region go back over three decades. Our founders owned multiple commercial real estate development, brokerage and property management platforms specializing in Class A office property before joining the Colliers International platform.

In 2015, the former St. Louis affiliate of Cushman & Wakefield, Gateway Commercial, joined Colliers International in the St. Louis market. Now, Colliers in St. Louis consists of nearly 60 employees with new leadership provided by Managing Director & Executive Vice President Kevin Gallagher, SIOR, CCIM.

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Building working relationships

At Colliers, our St. Louis market experts know commercial real estate success derives from cultivated business relationships. Representing occupiers, investors and owners of real estate, our professionals know St. Louis and have built partnerships within the community and industry to ensure we exceed all your expectations and business objectives.

Colliers' St. Louis team proudly provides corporate support to St. Louis industry organizations including The Society of Industrial and Office Realtors (SIOR), Commercial Real Estate Women (CREW), The CCIM Institute, St. Louis REALTORS® - Commercial Division, Missouri Growth Association and Urban Land Institute. Additionally, multiple members of our St. Louis commercial real estate team are actively engaged within these organizations as past and present board members.

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Results you can count on

Your business success depends on sound commercial real estate decisions. You need a partner with a solid reputation and proven process for delivering results. At Colliers | St. Louis, our trusted advisors work closely with your team, providing solutions and support necessary to accelerate your success.

Specifically, we work as an extension of your team. This approach allows us to listen carefully to your goals and support your efforts to create a lasting impact. We support occupiers, owners and investors - at all desired levels - to build leverage on your behalf and reach optimum commercial real estate outcomes.

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Brokerage teams

St. Louis Investment Team

The St. Louis Investment Team specializes in the disposition of all asset types ranging from single-tenant net lease to multi-tenant institutional assets locally, regionally and nationally.
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St. Louis Occupier and Healthcare Advisors

The St. Louis Occupier and Healthcare Advisors at Colliers International represent premier office occupiers throughout the greater St. Louis region.
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Our offices

Office

St. Louis - Clayton

101 S. Hanley Road
Suite 1400
St. Louis, MO 63105
United States

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