St. Louis Retail Market Report
By CREhunt Research · Data through Q4 2025 · Aggregated from Marcus & Millichap, Cushman & Wakefield, Colliers, CBRE
Quarterly retail market indicators for St. Louis, aggregated by CREhunt from Marcus & Millichap, Cushman & Wakefield, Colliers, CBRE. As of Q4 2025, average asking rent was $15.50/SF/yr and vacancy was 4.4%, per Marcus & Millichap.
Projected current retail pricing — St. Louis
Modeled estimate (income approach) shown as a range — not an appraisal. Projected asking rent × occupancy × net-operating-income margin band ÷ market cap rate, from Q4 2025 multiple brokerages data (cap rate 7.9%, asking rent trend-adjusted to today). Assumes ~96% occupancy and a 65–82% net-operating-income margin.
| Quarter | Asking rent | Vacancy | Net absorption | Under constr. | Source |
|---|---|---|---|---|---|
| Q4 2025 Marcus & Millichap | $15.50/SF/yr | 4.4% | 184K SF | — | Marcus & Millichap |
| Q2 2025 Cushman & Wakefield | $13.94/SF/yr | 4.7% | 400K SF | — | Cushman & Wakefield |
| Q4 2023 Colliers | $13.57/SF/yr | 6.4% | 28 SF | — | Colliers |
| Q4 2023 CBRE | $14.64/SF/yr | 6.0% | 200K SF | — | CBRE |
| Q4 2023 Cushman & Wakefield | $14.62/SF/yr | 7.0% | 12 SF | — | Cushman & Wakefield |
Retail asking rents by submarket
The newest asking rent a named brokerage's report published for each St. Louis retail submarket, with its publisher and quarter. Submarkets whose newest figure cannot be attributed, or falls outside a plausible range, are left out.
| Submarket | Asking rent | Source |
|---|---|---|
| City | $6.22/SF/yr Cushman & Wakefield · Q2 2025 | Cushman & Wakefield, Q2 2025 |
| Illinois | $13.12/SF/yr Cushman & Wakefield · Q2 2025 | Cushman & Wakefield, Q2 2025 |
| Mid County | $24.35/SF/yr Cushman & Wakefield · Q2 2025 | Cushman & Wakefield, Q2 2025 |
| North County | $12.85/SF/yr Cushman & Wakefield · Q2 2025 | Cushman & Wakefield, Q2 2025 |
| South County | $12.72/SF/yr Cushman & Wakefield · Q2 2025 | Cushman & Wakefield, Q2 2025 |
| St. Charles | $16.69/SF/yr Cushman & Wakefield · Q2 2025 | Cushman & Wakefield, Q2 2025 |
| West County | $17.81/SF/yr Cushman & Wakefield · Q2 2025 | Cushman & Wakefield, Q2 2025 |
How the brokerage sources compare
For Q4 2023, the brokerages CREhunt aggregates for St. Louis retail did not fully agree. On vacancy, the sources span 1.0 points — from 6.0% (CBRE) to 7.0% (Cushman & Wakefield). Asking-rent estimates differ by $1.07/SF/yr — from $13.57/SF/yr to $14.64/SF/yr. CREhunt reconciles these into a single consensus median rather than relying on any one brokerage.
| Source | Vacancy | Asking rent | Cap rate |
|---|---|---|---|
| Colliers | 6.4% | $13.57/SF/yr | — |
| Cushman & Wakefield | 7.0% | $14.62/SF/yr | — |
| CBRE | 6.0% | $14.64/SF/yr | — |
Per-brokerage figures for Q4 2023, aggregated from published brokerage market reports.
Frequently asked questions
- What is the average asking rent for retail space in St. Louis?
- As of Q4 2025, the average asking rent for retail space in St. Louis was $15.50/SF/yr, per Marcus & Millichap.
- What is the retail vacancy rate in St. Louis?
- The retail vacancy rate in St. Louis was 4.4% as of Q4 2025 (Marcus & Millichap).
- Where does CREhunt's St. Louis market data come from?
- This report aggregates quarterly retail market data for St. Louis from Marcus & Millichap, Cushman & Wakefield, Colliers, CBRE.
- How much do brokerage estimates differ for retail space in St. Louis?
- For Q4 2023, the brokerage sources CREhunt aggregates for St. Louis did not fully agree. On vacancy, the sources span 1.0 points — from 6.0% (CBRE) to 7.0% (Cushman & Wakefield). Asking-rent estimates differ by $1.07/SF/yr — from $13.57/SF/yr to $14.64/SF/yr. CREhunt reconciles these into a single consensus median rather than relying on any one brokerage.