The St. Louis Industrial market posted positive net absorption of 504,401 sq. ft. during Q4 2020, pushing vacancy down 20 basis points (bps) to 4.1%.
Average direct asking lease rates grew during Q4 2020, increasing $0.13 per sq. ft. (3.0%) quarter-over-quarter.
Q4 2020 marks 27 consecutive quarters of positive net absorption for the St. Louis industrial market.
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