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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Industrial Market <strong>Report</strong><br />
<strong>Q4</strong> <strong>2012</strong><br />
The industrial vacancy rate in the St. Louis market area decreased to 8.4% at the end of the fourth quarter <strong>2012</strong>. That<br />
compares to 8.6% at the end of the third quarter <strong>2012</strong>.<br />
Net absorption for the overall St. Louis industrial market was positive 487,411 square feet in the fourth quarter <strong>2012</strong>.<br />
That compares to positive 242,651 square feet in the third quarter <strong>2012</strong>.<br />
At the end of fourth quarter <strong>2012</strong>, there was 209,050 square feet under construction. During the third quarter <strong>2012</strong>,<br />
no buildings were completed or under construction.<br />
The average quoted asking rental rate for available industrial space was $4.00 per square foot per year at the end of<br />
the fourth quarter <strong>2012</strong> in the St. Louis market area. This represented a 0.0% change in the quoted rental rates from<br />
the end of the third quarter <strong>2012</strong>.<br />
*Disclaimer: All Information is collected from Costar Group <strong>Inc</strong>. at the end of 4th quarter. All information is subject to change.<br />
Market Trends<br />
Vacancy Rate<br />
Net Absorption<br />
Rental Rates<br />
Construction<br />
100,000 SF
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