This story was originally published on St. Louis Post-Dispatch on October 28, 2016.
By Tim Bryant | stltoday.com
Rents, occupancy and construction are up in St. Louis’ thriving industrial market.
Demand for space is outpacing construction, Cushman & Wakefield, a commercial real estate firm, said in its third-quarter report on the region’s industrial market.
“Limited blocks of available space across the metro area have sparked a flood of new development,” said Brian Ungles, managing principal of Cushman’s office in Clayton.
The amount of occupied space in St. Louis’ nearly 260-million-square foot industrial market grew by 3.3 million square feet in the third quarter, according to Cushman’s report. The square footage was the highest quarterly total in 20 years and ranked St. Louis seventh nationwide, the report said…
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