Figures

St. Louis Office Figures Q4 2025

St. Louis Office Vacancy Reaches Record High 21%

January 9, 2026 5 Minute Read

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-Absorption was negative this quarter at -532,811 sq. ft. largely driven by two users. Blue Cross Blue Shield did a significant downsize/relocation vacating 1831 Chestnut in the CBD district (318,000 sq. ft.) and Edward Jones vacated and listed 1245 JJ Kelley in the Manchester 270 district (216,978 sq. ft.).
-Overall vacancy rose to a record high of 21% driven in large part by large corporations downsizing in Q4 2025.
-The overall average asking rate continued to fall, decreasing by $0.02 to $21.61 as the most desirable office spaces in St. Louis remain in high demand and lower quality product is vacated
-St. Louis Office leasing declined slightly in Q4 2025 recording 524,996 sq. ft of activity. Leasing activity slowed quarter-over-quarter falling 104,980 sq. ft.