Q4 2012 Quarterly Report - Office - Solon Gershman Inc.
Q4 2012 Quarterly Report - Office - Solon Gershman Inc.
Q4 2012 Quarterly Report - Office - Solon Gershman Inc.
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Total <strong>Office</strong> Market Statistics<br />
Existing Inventory<br />
Vacancy<br />
YTD Deliveries<br />
Const SF Rates<br />
Under Quoted<br />
Submarket<br />
Net Absorption<br />
# Bldgs. Total GLA Direct SF Total SF Vac %<br />
Clayton 82 7,965,970 858,894 906,084 11.4% 23,345 0 0 $22.39<br />
I-270/Manchester 28 1,636,496 176,863 176,863 10.8% 20,957 0 0 $20.07<br />
I-270/Olive 83 5,533,121 940,194 968,666 17.5% (165,910) 0 0 $19.31<br />
North County 55 3,909,471 1,212,011 1,212,011 31.0% (64,294) 0 0 $16.95<br />
South County 64 3,749,335 588,453 589,103 15.7% (67,119) 0 0 $20.51<br />
St. Charles 41 1,832,762 389,352 396,852 21.7% 5,944 0 0 $15.96<br />
St. Louis City 127 17,715,279 4,577,151 4,610,722 26.0% (5,902) 0 0 $15.31<br />
West County/Chesterfield 84 6,124,696 839,631 937,391 15.3% (12,587) 0 0 $22.21<br />
Westport 47 2,993,990 654,560 656,449 21.9% (97,676) 0 0 $17.67<br />
Totals 611 51,461,120 10,237,109 10,454,141 20.3% (363,242) 0 0 $18.93<br />
<strong>Office</strong> market data collected from CoStar used in this report consists of only multi-tenant office buildings over 20,000 square feet, excluding medical.<br />
Recent Market Transactions<br />
Tenant Name Building SF Submarket<br />
Malkinckrodt Group Corporate Technology 88,896 Airport<br />
Malkinckrodt Group Corporate Technology 86,988 Airport<br />
URS Corporation* 1001 Highlands Plaza Drive West 35,422 St. Louis City<br />
Golder Associates, <strong>Inc</strong>.* Barrett Woods Corporate Center 15,241 I-270 / Manchester<br />
Sprint Communications* 1801 Park 270 Drive 12,787 Westport<br />
*Renewal<br />
Featured Property<br />
Owen Ridge Campus<br />
345-349 Marshall Avenue<br />
St. Louis, MO 63119<br />
For Lease<br />
2,360 SF - 13,000 Contiguous SF Available<br />
345 Marshall - 2nd Floor West: 10,351 SF Available<br />
345 Marshall - Entire 3rd Floor: 13,000 SF Available<br />
5 Minutes to Clayton, I-44, I-64 & MetroLink<br />
Building Signage Available<br />
Outlots also Available for Lease<br />
Lease Rate: $15.50 PSF, Full Service<br />
Contact: Tim Balk: 314-746-1433<br />
www.<strong>Gershman</strong>Commercial.com
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