Q4 2012 Quarterly Report - Office - Solon Gershman Inc.

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Total Office Market Statistics Existing Inventory Vacancy YTD Deliveries Const SF Rates Under Quoted Submarket Net Absorption # Bldgs. Total GLA Direct SF Total SF Vac % Clayton 82 7,965,970 858,894 906,084 11.4% 23,345 0 0 $22.39 I-270/Manchester 28 1,636,496 176,863 176,863 10.8% 20,957 0 0 $20.07 I-270/Olive 83 5,533,121 940,194 968,666 17.5% (165,910) 0 0 $19.31 North County 55 3,909,471 1,212,011 1,212,011 31.0% (64,294) 0 0 $16.95 South County 64 3,749,335 588,453 589,103 15.7% (67,119) 0 0 $20.51 St. Charles 41 1,832,762 389,352 396,852 21.7% 5,944 0 0 $15.96 St. Louis City 127 17,715,279 4,577,151 4,610,722 26.0% (5,902) 0 0 $15.31 West County/Chesterfield 84 6,124,696 839,631 937,391 15.3% (12,587) 0 0 $22.21 Westport 47 2,993,990 654,560 656,449 21.9% (97,676) 0 0 $17.67 Totals 611 51,461,120 10,237,109 10,454,141 20.3% (363,242) 0 0 $18.93 Office market data collected from CoStar used in this report consists of only multi-tenant office buildings over 20,000 square feet, excluding medical. Recent Market Transactions Tenant Name Building SF Submarket Malkinckrodt Group Corporate Technology 88,896 Airport Malkinckrodt Group Corporate Technology 86,988 Airport URS Corporation* 1001 Highlands Plaza Drive West 35,422 St. Louis City Golder Associates, Inc.* Barrett Woods Corporate Center 15,241 I-270 / Manchester Sprint Communications* 1801 Park 270 Drive 12,787 Westport *Renewal Featured Property Owen Ridge Campus 345-349 Marshall Avenue St. Louis, MO 63119 For Lease 2,360 SF - 13,000 Contiguous SF Available 345 Marshall - 2nd Floor West: 10,351 SF Available 345 Marshall - Entire 3rd Floor: 13,000 SF Available 5 Minutes to Clayton, I-44, I-64 & MetroLink Building Signage Available Outlots also Available for Lease Lease Rate: $15.50 PSF, Full Service Contact: Tim Balk: 314-746-1433 www.GershmanCommercial.com
Retail Market Report Q4 2012 The retail vacancy rate in the St. Louis market area decreased to 7.7% at the end of the fourth quarter 2012. The vacancy rate was 7.9% at the end of the third quarter 2012. Retail net absorption in St. Louis increased for the fourth quarter 2012 with positive 265,907 square feet absorbed. In the third quarter 2012, net absorption was positive 224,187 square feet. During the fourth quarter 2012, one building totaling 4,912 square feet was delivered to the market in the St. Louis area. Over the past four quarters, a total of 632,410 square feet of retail space has been built in St. Louis. Average quoted asking rental rates in the St. Louis retail market are down over previous quarter levels and down from their levels four quarters ago. Quoted rents ended the fourth quarter 2012 at $12.02 per square foot per year. That compares to $12.26 per square foot in the third quarter 2012. *Disclaimer: All Information is collected from Costar Group Inc. at the end of 4th quarter. All information is subject to change. Market Trends Vacancy Rate Net Absorption Rental Rates Construction 100,000 SF
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Q4 2012 Quarterly Report - Office - Solon Gershman Inc.

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