The St. Louis office sector remained moderately stable for the start of 2013. Vacancy rates inched up while both sales and leasing activity rates decreased slightly. The economy as a whole is still on a path to recovery, but the story of this recovery has been one of slow and moderate growth. According to the St. Louis Federal Reserve, St. Louis had an unemployment rate of 7.6% in March. This is down from 8.3% from one year ago and is almost 3 percentage points lower than the peak of unemployment in December of 2009 at 10.4 %. Job growth continues to improve.
Source : Cushman & Wakefield