The industrial market in St. Louis has shown remarkable progress in 2024, particularly in the fourth quarter, according to a recent report from Colliers. This positive trend is a testament to the city's growing appeal as a hub for industrial activities and investments.

One of the most notable highlights from the report is the surge in leasing activity. In the fourth quarter alone, leasing activity reached an impressive 1.96 million square feet. This figure represents a substantial increase of over a million square feet compared to the previous three months. It also marks the highest quarterly activity since 2021, when 3.42 million square feet of space was leased.

Several significant deals contributed to this leasing boom. Armstrong Logistics secured a lease for 487,521 square feet, while Circle K leased 211,269 square feet. These large-scale transactions underscore the confidence that major players have in the St. Louis industrial market.

The increase in leasing activity is a positive indicator of the market's resilience and potential for growth. It reflects the strong demand for industrial space in St. Louis, driven by factors such as strategic location, robust infrastructure, and a favorable business environment.

As we move forward, the St. Louis industrial market is poised for continued success. The recent improvements and high leasing activity suggest that the city will remain an attractive destination for industrial investments. Stakeholders in the commercial real estate industry can look forward to a promising future, with ample opportunities for growth and development.