Industrial commercial real estate continues its stronghold in the St. Louis market. At nearly six million square feet in the construction pipeline halfway through the year, St. Louis continues to see companies expand and new businesses enter the market, not to mention industrial employment remains at post-recession highs, as warehouse and manufacturing levels stay elevated.
From last quarter, vacancy continued its downward trend to below 5.0 percent across the region. At the… Read More
The last 10 years have not been the easiest for malls or retailers of any kind, but The Meadows at Lake St. Louis seems to have landed on the winning formula — an outdoor mixed-use development including shopping, dining, frequent events, and easy access to parking. In addition to the recent announcement for “PURE… Read More
Brings Food Hall at One Metropolitan Square to Full Capacity
JLL retail experts announced today that Hiro Pokè Co. opens July 9 in The Eatery, a food hall dining destination on the ground floor of One Metropolitan Square in downtown St. Louis. The restaurant will be the fourth tenant… Read More
The St. Louis Business Journal recently tapped JLL’s research manager, Blaise Tomazic for his expertise and knowledge about the St. Louis commercial real estate market. Blaise was one of six featured experts from the area who provided insight into today’s market conditions and how the St. Louis region stacks up when it comes to investment… Read More
As part of the JLL Property Management team, we pride ourselves on offering the very best support to our many clients across the world who place their trust in us to manage their expansive properties. Our goal with our clients is to be an optimal partner who is always interested in their overall success.
How the worst labor shortage in U.S. history is impacting the economy.
A new report by JLL points to a looming problem for the commercial real estate market: A labor shortage that leaves vital jobs unfilled and whose effects ripple across the economy.
As of January 2018, a record 6.3 million positions… Read More
The first quarter of 2018 brought negative absorption to the region for the first time since 2014. However, overall fundamentals remain strong, unemployment is below 4.0 percent and office occupying job growth continues to outpace the rest of the region. Both Kellwood and The Art Institute downsized this quarter, both vacancies are over 30,000 square… Read More
We are proud to announce two promotions in our St. Louis office. David Branding has been promoted to managing director of industrial real estate and Ed Backer to vice president of office landlord and tenant representation.
Fundamentals remain strong in the first quarter of 2018. Employment in
industrial-occupying industries has risen year-over-year for 59 consecutive
months, increasing 8.1 percent in that time. Manufacturing employment
should see a boost as the Granite City steel plant in the Metro East is planning
to add 500 jobs after re-opening one of its two blast furnaces.
The region absorbed just under a million square feet in the first quarter.
Vacancy remains at… Read More