Total absorption through the first three quarters of 2015 was at its highest level since the end of the recession and all of those gains have been in the suburbs. Diving even further, 92.0 percent of the absorption has been in Northwest County and Clayton

1. St. Louis
Chart of the week: October 12, 2015
Source: JLL Research
Suburban gains drive occupancy growth
• Total absorption through the first three quarters of 2015 was at its highest level since the end of the
recession and all of those gains have been in the suburbs. Diving even further, 92.0 percent of the
absorption has been in Northwest County and Clayton. Northwest County vacancy is down to 18.9
percent, well below the peak of 31.7 percent in 2013. The I-64 corridor in West County has also fared
well, absorbing 78,000 square feet this year. That will more than double next quarter when Centene’s
lease for all of 1370 Timberlake Manor Parkway (118,000 square feet) commences. Boeing and
Charter, are a few of the other large companies to expand their real estate footprint this year.
(800,000)
(600,000)
(400,000)
(200,000)
0
200,000
400,000
600,000
800,000
2008 2009 2010 2011 2012 2013 2014 2015
61%
31%
5%3%
Northwest
County
Clayton
West County
Other
Submarkets