Spec Industrial Activity in St. Louis Region Rivals Pre-Pandemic Levels

World and domestic markets are constantly recalibrating as the global supply chain continues to see a disruption from the COVID-19 pandemic. It has never been more clear though just how important freight logistics and a healthy supply chain are to keep the economy moving. Demand for distribution space continues to grow, and the latest data available reveals the bi-state St. Louis market is rebounding well from the uncertainty of 2020 and 2021, and is positioned to assist distributors and …

October 7, 2021Industrial, Market Reports, Midwest, Midwest Market Reports, Missouri

E-Commerce Growth, Restaurant Oversaturation Shape St. Louis Retail Market

By Tim McFarland, Sansone Group It is hard to describe 2020 as anything other than a lost year. COVID-19 brought us quarantines, social distancing, masks and plenty of uncertainty. The pandemic pushed our healthcare system to the brink, stressed our supply chain and caused a global economic slowdown. The St. Louis commercial real estate market certainly felt the effects of COVID-19, with retail and hospitality being hit the hardest. The retail sector was turned upside down by lockdowns that …

September 30, 2021Market Reports, Midwest, Midwest Market Reports, Missouri, Retail

Kansas City Multifamily Market Poised for More Growth in 2021

By Gabe Tovar, John Duvall and Kyle Tucker of NorthMarq The Kansas City multifamily market has proved it is more than resilient in the face of adversity. Throughout 2020, the market ranked consistently in the top 10 of 30 markets tracked by Yardi. It logged higher occupancies and rent growth, all while welcoming a record level of new supply. That stellar performance is likely to attract even more capital to the market in 2021.[caption id="attachment_283115" align="alignright" …

February 18, 2021Kansas, Market Reports, Midwest, Midwest Market Reports, Missouri, Multifamily, Single-Family Rental

Kansas City Industrial Market Slated to Continue Positive Momentum in 2021

By David Zimmer, SIOR, Newmark Zimmer The industrial real estate market in the metropolitan Kansas City area ended 2020 on a high note. 2021 will pick up right where 2020 ended, with no outward or visible signs of a slowdown. New industrial construction is visible in every geographic sector of the metro area, with upwards of 2.5 million square feet of buildings under construction. Without exception, all these are high cube, modern distribution-type facilities intended to capture the …

February 11, 2021Kansas, Market Reports, Midwest, Midwest Market Reports, Missouri

St. Louis Market Poised to Capitalize on Industrial Demand

By Jake Corrigan, Sansone Group As we reflect on the tumultuous year of 2020 and the COVID-19 restrictions that decimated the retail real estate sector, those of us on the industrial side of the equation are breathing a sigh of relief. While there have been small pockets of industrial users and owners that have been adversely affected, the industrial market has remained strong as a sector. We anticipate this trend to continue. Statistics continue to show the conversion of the …

January 28, 2021Industrial, Market Reports, Midwest, Midwest Market Reports, Missouri

Kansas City Is Key Location for Warehousing, Distribution

By Ora Reynolds and Mike Bell, Hunt Midwest Kansas City industrial real estate is trending upward with no shortage of leasing activity. The city’s location in the heart of America, with 30 percent more interstate miles per capita running through it than any other city, offers efficiency and redundancy for global e-commerce and distribution operations. With over 270 million square feet of existing industrial space in both surface and underground business parks, ample land for new buildings, …

October 22, 2020Industrial, Market Reports, Midwest, Midwest Market Reports, Missouri

Missouri, Illinois Ports Collaborate to Grow Business on Inland Waterways

By Mary Lamie, Bi-State Development The key to current and future success for four ports in Missouri and Illinois is collaboration. As ports continue to play a critical role in the global supply chain, the special working relationship between the directors of the ports in St. Louis and Kansas City is helping to keep operations flowing on the inland waterways, even in the midst of the COVID-19 pandemic. Significant investments in each port are also fueling growth at each facility. “Like many …

October 15, 2020Illinois, Industrial, Market Reports, Midwest, Midwest Market Reports, Missouri

Demand Drives Bulk Industrial Construction in St. Louis Region’s I-70 Corridor

By Allison Gray, Steadfast City Economic & Community Partners The growing demand for distribution space and the related importance of freight logistics and a healthy supply chain have remained steady even though the COVID-19 pandemic continues to shake up markets across the U.S. and around the globe. This demand is evident in the bi-state St. Louis region, where more inventory of bulk distribution space has been added in the five-year period between 2015 and 2019 than at any other point …

October 8, 2020Industrial, Market Reports, Midwest, Midwest Market Reports, Missouri

St. Louis Office Market Remains Flexible Amid COVID-19

By Brandon Wappelhorst, Sansone Group In nearly every aspect of our personal and professional lives, 2020 could unequivocally be summarized as certainly uncertain. The rapid onset of the COVID-19 pandemic has taken its toll on the world and has caused significant disruption to everyday life. While likely further down the list of today’s topical issues, the overall effect of COVID-19 on the office market in St. Louis is still to be determined — but it will undoubtedly have an …

October 1, 2020Market Reports, Midwest, Midwest Market Reports, Missouri, Office

Office Occupiers in Kansas City Face the Short-Term Cost Versus Long-Term Benefit Dilemma

With Kansas City unemployment hovering at cyclical lows around 3.5 percent and the war for talent at an all-time high, companies must leverage their real estate to attract and retain top talent. At the height of the corporate office boom in the late 1990s and early 2000s, the average space per employee ranged from approximately 275 to more than 325 square feet. Today, that number has shrunk to 175 square feet per employee and some predictions see that number moving even closer to 100 square …

January 30, 2020Market Reports, Midwest, Midwest Market Reports, Missouri, Office