Best of '14: St. Louis Market Ready for New Development


As 2014 comes to a close, we're taking a look back at our top blog posts of the year. Today's post, our 8th most popular, originally ran February 12, 2014.

St. Louis is our newest office which opened its doors in October 2012. I’m constantly busy working to secure deals to make our mark here. In 2014, industrial, multifamily and healthcare sectors look be the strongest, and I’m looking forward to these opportunities. 

Industrial is strong across the country. In St. Louis we’re seeing manufacturer growth and a scarce supply of Class A product, which is going to drive demand in 2014.

Luxury multifamily is in scarce supply in the metro area. Vacancies are dropping, making it a good time to build new.

I anticipate that the first speculative projects will hit the market this year. Currently, St. Louis is ready for new supply and needs it to move the market forward. Overall, I’m very optimistic about what 2014 has in store for us.

Past key projects in the St. Louis area have been the Park East Tower condominimums in the Central West End and Dardenne Town Square in Dardenne Prairie.

With other projects in the pipeline, the St. Louis office is heading up the development of District Flats student housing near the University of Missouri in Columbia. The office also expanded, welcoming Ryan Carlie as real estate manager.