Figures
St. Louis Industrial Figures Q4 2025
St. Louis Industrial Market Ends the Year Effectively Flat
January 9, 2026 5 Minute Read
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-Absorption was positive this quarter, but effectively flat at 193,283 sq ft.
-Total vacancy decreased by 10 bps to 6.4% in Q4. Vacancy was flat in the Metro West at 5.9%, activity this quarter was driven by the Maryland Heights and St Charles County submarkets. Conversely, Metro East decreased by 40 bps to 8.7%.
-Overall availability in the region remained flat at 8.2% as activity has remained muted and there has been little to no speculative construction in 2025.
-The total average asking rate was $5.48 NNN at the close of Q4 2025, down 2.8% ($0.20) quarter-over-quarter.
-St. Louis industrial leasing activity in Q4 2025 totaled 2.5 million sq. ft, led by the Metro East and St Charles County.
-The development pipeline in St. Louis continues to primarily consist of built to suit, 88% by SF. There is currently only one speculative asset in the pipeline, Maryland Heights Commerce Center 1, which broke ground in Q4 2025.