A new industrial revolution, spurred on by e-commerce, is sparking growth in St. Louis real estate, according to David Branding, executive vice president for the St. Louis industrial brokerage at JLL, which had $6.8 billion in global revenue in 2016.… Read More
Blockchain is a new technology that can help organizations connect to each other across platforms. It combines records into one digital system that everyone can view and add to at any time. While the financial services sector was the first to embrace blockchain, it’s now also gaining interest from the logistics industry… Read More
The St. Louis Business Journal recently tapped JLL’s executive vice president David Branding for his expertise and knowledge about the St. Louis commercial real estate market. David was one of four featured experts from the area who provided insight into today’s industrial market conditions and how the St. Louis region stacks up when it comes to… Read More
Crunchbase News recently ranked St. Louis as the fourth best city in the Midwest for “entrepreneurs and investors.” While Chicago pulled away from the pack and led all five major categories, St. Louis finished in the top five in four of them. Some highlights have St. Louis startups taking in $579 million of funding since 2015. Our city… Read More
Q2 2017 reports from JLL St. Louis indicate that the region’s job growth remains on the upswing. St. Louis’ unemployment rate has been below 5.0 percent for nine consecutive months now; its longest streak since 2001. In the past 12 months, the market’s education, healthcare and professional service sectors have added more than… Read More
Vacancy rates in Clayton are at an all-time low while demand remains high for Class A office space. That combination leads JLL office expert David Biales to believe the timing is right for The Boulevard St. Louis, a premier mixed-use development that just announced a $100 million expansion that will include 100,000 square feet of Class A office space.
“The Boulevard has always been a premier location, but this expansion will solidify its position in the market as the premier destination for office and retail,” said Biales. “Its location off I-64 and I-170 provides easy highway access and premier visibility to a heavily populated area with traffic counts averaging around 130,000 cars per day.”
A Chicago-based joint venture that purchased The Boulevard last year recently retained JLL to market the rollout of the office portion for the project. The expansion will break ground early next year and open year end 2019. Owners say the advancement of the $100 million second phase includes an exciting mix of retail, residential, entertainment and class A office space to enhance the region’s premier mixed-use development located across from the Saint Louis Galleria.
“We’re extremely excited to be moving forward with this much anticipated second phase and to begin marketing it to the region,” said Sol Barket, a St. Louis native and founder of Condor Partners. “The Boulevard is a great brand that appeals to many residents and visitors in the St. Louis region. This next phase will undoubtedly further enhance the development by offering more opportunities for people to live, work, play and dine.”
Office tenants will have access to ample free garage parking with direct sky bridge access to an office complex. Highly visible exterior signage will also be available to several tenants facing both Brentwood Boulevard and I-170.
The Boulevard opened in 2004 and includes a professional office complex and 74 luxury residential apartments. It is home to Missouri’s first Crate and Barrel store and Missouri’s first Soft Surroundings location, as well as restaurants Maggiano’s Little Italy, P.F.Chang’s China Bistro, and Allegro at The Boulevard.
As we reach the halfway point in 2017, absorption has topped one million square feet. Commencement of leases by Fairfield Manufacturing, XPO Logistics, and Quiet Logistics added almost 800,000 square feet of occupied space in the second quarter. Growth in the industrial market is also adding jobs; employment in transportation and warehousing… Read More
Tech and innovation markets are synonymous with big coastal cities like Silicon Valley and New York, but in the heartland St. Louis continues to earn national credibility as one of the hottest up and coming tech markets in the U.S.
A recent article in the St. Louis Business Journal reports that financial services… Read More
St. Louis Office Market Highlights:
- Quarterly absorption totaled 160,764 square feet. Clayton and West County buoyed the market with 294,176 square feet of absorption.
- The suburbs continue to carry the region. Class A asking rates in the suburbs are 29.7 percent higher than the CBD.
- Healthcare and financial services firms are driving future activity, the two industries account for … Read More
United Services for Children has partnered with the City of Lake Saint Louis and New York-based Cohen Equities to lay the groundwork for a possible new children’s museum at The Meadows of Lake St. Louis.
JLL Retail Expert Rick Spector, broker for The Meadows, confirms that Cohen Equities has offered to give United… Read More