{"id":1004180426,"date":"2017-06-27T00:25:52","date_gmt":"2017-06-27T08:25:52","guid":{"rendered":"https:\/\/www.commercialsearch.com\/news\/?p=1004180426"},"modified":"2025-02-26T02:51:09","modified_gmt":"2025-02-26T10:51:09","slug":"st-louis-gears-up","status":"publish","type":"post","link":"https:\/\/www.commercialsearch.com\/news\/st-louis-gears-up\/","title":{"rendered":"St. Louis Gears Up"},"content":{"rendered":"<p>By&nbsp;Adina Marcut<\/p>\n<div id=\"attachment_1004162231\" style=\"width: 410px\" class=\"wp-caption alignright\"><a href=\"https:\/\/internal.multihousingnews.com\/wp-content\/uploads\/sites\/46\/2017\/06\/St.-Louis-rent-evolution.jpg\" target=\"_blank\" rel=\"noopener noreferrer\"><img loading=\"lazy\" decoding=\"async\" aria-describedby=\"caption-attachment-1004162231\" class=\"wp-image-1004162231\" src=\"https:\/\/internal.multihousingnews.com\/wp-content\/uploads\/sites\/46\/2017\/06\/St.-Louis-rent-evolution.jpg\" alt=\"St. Louis rent evolution, click to enlarge\" width=\"400\" height=\"168\"><\/a><p id=\"caption-attachment-1004162231\" class=\"wp-caption-text\">St. Louis rent evolution, click to enlarge<\/p><\/div>\n<p>Despite a slowly declining population, St. Louis continues to see positive economic trends, driven by job gains in education and health services, leisure and hospitality, and professional and business services. Demand for apartments remains elevated, and rents are growing moderately.<\/p>\n<p>The metro\u2019s universities and medical institutions produce a skilled workforce that attracts health-care and technology firms. World Wide Technology and Lodging Hospitality Management partnered to anchor a $95 million revitalization effort at Westport Plaza, a 42-acre mixed-use development that will ultimately accommodate more than 1,200 employees. St. Louis also has a strong manufacturing base, led by Boeing and General Motors. One bright spot is Boeing\u2019s new information technology center, which is expected to create more tech jobs.<\/p>\n<p>Developers ramped up apartment deliveries in 2016, when 1,370 units came online. Upcoming supply is significant, with more than 13,600 units in the pipeline, of which roughly 4,000 were under construction as of April. Investment activity continues its upward trajectory, after having reached a cycle peak in 2016, when more than $488 million worth of multifamily properties changed hands. With continued demand expected to outpace deliveries, we anticipate rents will rise moderately, reaching a 2.6 percent growth rate by the end of 2017.<\/p>\n<p><a href=\"https:\/\/www.yardimatrix.com\/Media\/Downloads\/File\/251-StLouis-Spring2017Outlook?utm_medium=Research-Center&amp;utm_source=CPE&amp;utm_campaign=251-StLouis-Spring2017Outlook\" target=\"_blank\" rel=\"nofollow noopener noreferrer\">Read the full Yardi Matrix report.<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Despite a slowly declining population, the city continues to see positive economic trends. Developers ramped up apartment deliveries in 2016, when 1,370 units came online, according to Yardi Matrix.<\/p>\n","protected":false},"author":2518,"featured_media":1004180427,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[21808,13,21742,1611],"tags":[],"class_list":["post-1004180426","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-featured","category-midwest","category-latest","category-st-louis"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v28.0 (Yoast SEO v28.0) - https:\/\/yoast.com\/product\/yoast-seo-premium-wordpress\/ -->\n<title>St. Louis Gears Up - Commercial Property Executive<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.commercialsearch.com\/news\/st-louis-gears-up\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"St. Louis Gears Up\" \/>\n<meta property=\"og:description\" content=\"Despite a slowly declining population, the city continues to see positive economic trends. Developers ramped up apartment deliveries in 2016, when 1,370 units came online, according to Yardi Matrix.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.commercialsearch.com\/news\/st-louis-gears-up\/\" \/>\n<meta property=\"og:site_name\" content=\"Commercial Property Executive\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/CPExecutive\" \/>\n<meta property=\"article:published_time\" content=\"2017-06-27T08:25:52+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2025-02-26T10:51:09+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2017\/06\/St.-Louis.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"800\" \/>\n\t<meta property=\"og:image:height\" content=\"620\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Adina Marcut\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@cpexecutive\" \/>\n<meta name=\"twitter:site\" content=\"@cpexecutive\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/st-louis-gears-up\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/st-louis-gears-up\\\/\"},\"author\":{\"name\":\"Adina Marcut\",\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/#\\\/schema\\\/person\\\/3373a7a57df47d560f02395793cecf2d\"},\"headline\":\"St. Louis Gears Up\",\"datePublished\":\"2017-06-27T08:25:52+00:00\",\"dateModified\":\"2025-02-26T10:51:09+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/st-louis-gears-up\\\/\"},\"wordCount\":220,\"image\":{\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/st-louis-gears-up\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/wp-content\\\/uploads\\\/sites\\\/46\\\/2017\\\/06\\\/St.-Louis.jpg\",\"articleSection\":[\"Featured\",\"Midwest\",\"News\",\"St. Louis\"],\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/st-louis-gears-up\\\/\",\"url\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/st-louis-gears-up\\\/\",\"name\":\"St. Louis Gears Up - 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