St. Louis Office Market Report
By CREhunt Research · Data through Q2 2026 · Aggregated from Cushman & Wakefield, CBRE, Newmark, JLL
Quarterly office market indicators for St. Louis, aggregated by CREhunt from Cushman & Wakefield, CBRE, Newmark, JLL. As of Q2 2026, average asking rent was $21.92/SF/yr and vacancy was 18.4%, per Cushman & Wakefield.
Projected current office pricing — St. Louis
Modeled estimate (income approach) shown as a range — not an appraisal. Projected asking rent × occupancy × net-operating-income margin band ÷ market cap rate, from Q2 2026 multiple brokerages data (cap rate 9.2%, asking rent trend-adjusted to today). Assumes ~92% occupancy (vacancy not reported) and a 50–65% net-operating-income margin.
| Quarter | Asking rent | Vacancy | Net absorption | Under constr. | Source |
|---|---|---|---|---|---|
| Q2 2026 Cushman & Wakefield | $21.92/SF/yr | 18.4% | -34K SF | — | Cushman & Wakefield |
| Q2 2026 CBRE | $21.25/SF/yr | 21.5% | 21 SF | — | CBRE |
| Q1 2026 CBRE | $21.40/SF/yr | — | — | — | CBRE |
| Q1 2026 Newmark | $21.40/SF/yr | — | — | — | Newmark |
| Q1 2026 JLL | $21.80/SF/yr | 23.2% | -471K SF | — | JLL |
| Q4 2025 Newmark | $22.25/SF/yr | 14.2% | -487K SF | — | Newmark |
| Q3 2025 Newmark | $22.28/SF/yr | 13.9% | -392K SF | — | Newmark |
| Q2 2025 Newmark | $22.62/SF/yr | 13.0% | 33K SF | — | Newmark |
| Q1 2025 Newmark | $22.76/SF/yr | 12.9% | 120K SF | — | Newmark |
| Q4 2024 Newmark | $22.71/SF/yr | 13.5% | 264K SF | — | Newmark |
| Q3 2024 Newmark | $22.96/SF/yr | 14.6% | -135K SF | — | Newmark |
| Q2 2024 Cushman & Wakefield | $23.04/SF/yr | 17.0% | — | — | Cushman & Wakefield |
| Q2 2024 Newmark | — | 14.9% | — | 41K SF | Newmark |
| Q1 2024 Newmark | $18.00/SF/yr | 14.6% | — | 41K SF | Newmark |
| Q3 2023 Newmark | $22.99/SF/yr | 14.9% | 234K SF | — | Newmark |
Office asking rents by submarket
The newest asking rent a named brokerage's report published for each St. Louis office submarket, with its publisher and quarter. Submarkets whose newest figure cannot be attributed, or falls outside a plausible range, are left out.
| Submarket | Asking rent | Source |
|---|---|---|
| CBD (Downtown) | $17.77/SF/yr Cushman & Wakefield · Q2 2026 | Cushman & Wakefield, Q2 2026 |
| Clayton | $29.30/SF/yr Cushman & Wakefield · Q2 2026 | Cushman & Wakefield, Q2 2026 |
| Downtown | $18.67/SF/yr CBRE · Q1 2026 | CBRE, Q1 2026 |
| Metro East | $17.03/SF/yr CBRE · Q1 2026 | CBRE, Q1 2026 |
| Mid County | $21.01/SF/yr Cushman & Wakefield · Q2 2026 | Cushman & Wakefield, Q2 2026 |
| North County | $18.19/SF/yr Cushman & Wakefield · Q2 2026 | Cushman & Wakefield, Q2 2026 |
| South County | $24.29/SF/yr Cushman & Wakefield · Q2 2026 | Cushman & Wakefield, Q2 2026 |
| St. Charles | $20.36/SF/yr Cushman & Wakefield · Q2 2026 | Cushman & Wakefield, Q2 2026 |
| St. Charles County | $21.26/SF/yr CBRE · Q1 2026 | CBRE, Q1 2026 |
| St. Louis City | $18.19/SF/yr Cushman & Wakefield · Q2 2026 | Cushman & Wakefield, Q2 2026 |
| West County | $24.34/SF/yr Cushman & Wakefield · Q2 2026 | Cushman & Wakefield, Q2 2026 |
How the brokerage sources compare
For Q2 2026, the brokerages CREhunt aggregates for St. Louis office did not fully agree. On vacancy, the sources span 3.1 points — from 18.4% (Cushman & Wakefield) to 21.5% (CBRE). Asking-rent estimates differ by $0.67/SF/yr — from $21.25/SF/yr to $21.92/SF/yr. CREhunt reconciles these into a single consensus median rather than relying on any one brokerage.
| Source | Vacancy | Asking rent | Cap rate |
|---|---|---|---|
| CBRE | 21.5% | $21.25/SF/yr | — |
| Cushman & Wakefield | 18.4% | $21.92/SF/yr | — |
Per-brokerage figures for Q2 2026, aggregated from published brokerage market reports.
Frequently asked questions
- What is the average asking rent for office space in St. Louis?
- As of Q2 2026, the average asking rent for office space in St. Louis was $21.92/SF/yr, per Cushman & Wakefield.
- What is the office vacancy rate in St. Louis?
- The office vacancy rate in St. Louis was 18.4% as of Q2 2026 (Cushman & Wakefield).
- Where does CREhunt's St. Louis market data come from?
- This report aggregates quarterly office market data for St. Louis from Cushman & Wakefield, CBRE, Newmark, JLL.
- How much do brokerage estimates differ for office space in St. Louis?
- For Q2 2026, the brokerage sources CREhunt aggregates for St. Louis did not fully agree. On vacancy, the sources span 3.1 points — from 18.4% (Cushman & Wakefield) to 21.5% (CBRE). Asking-rent estimates differ by $0.67/SF/yr — from $21.25/SF/yr to $21.92/SF/yr. CREhunt reconciles these into a single consensus median rather than relying on any one brokerage.