$0
Average Rent
$1,297 average rent in Saint Louis, Q1 2026
0%
Occupancy Rate
90% occupancy rate Saint Louis, Q1 2026
0
T4Q Net Absorption
1,915 T4Q net absorption in Saint Louis, Q1 2026
0%
Annual Rent Change
2% annual rent change in Saint Louis, Q1 2026
0
BPS Annual Occupancy Change
-50 BPS annual occupancy change in Saint Louis, Q1 2026
0
T4Q Unit Completions
2,165 T4Q net absorption in Saint Louis, Q1 2026
KEY TAKEAWAYS
- Trailing 12-month net absorption of 1,915 units fell short of the 2,165 units delivered, sustaining lease-up competition.
- The construction pipeline is in retreat: trailing 12-month starts have fallen to 1,807 units from 2,578 one year ago, with 3,134 units (2.0% of inventory) remaining under construction.
- Average effective rents reached $1,297, up 2.0% year-over-year, while stabilized occupancy of 90.2% reflects a cumulative 50 bps annual decline amid persistent supply-demand imbalance.
MARKET OUTLOOK
Saint Louis enters the back half of the supply cycle with improving conditions. The active pipeline stands at 2.0% of inventory and starts have declined…
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