MARKET SNAPSHOT

St. louis q1 2025

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AVERAGE RENT

$1,263 Q1 2025

OCCUPANCY RATE

91.3% Q1 2025

QUARTERLY NET ABSORPTION

503 Q1 2025

ANNUAL RENT CHANGE

2.6% Q1 2025

ANNUAL OCCUPANCY CHANGE

+20 BPS Q1 2025

QUARTERLY COMPLETIONS

303 Q1 2025

KEY TAKEAWAYS
Renter demand exceeded new supply in Q1, with over 500 units absorbed versus roughly 300 delivered, pushing 12-month absorption to 2,667 units and supporting a modest rise in occupancy.
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Approximately 2,000 units are under construction, representing just 1.3% of inventory—significantly below the 3.0% national average.
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Saint Louis recorded 2.6% annual rent growth in Q1 2025, ranking 11th among the 50 largest U.S. multifamily markets.
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MARKET OUTLOOK

The Saint Louis multifamily market continues to show signs of stabilization in early 2025, driven primarily by a sharply contracting construction pipeline and sustained renter demand...

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Featured Research Reports:

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Tom Maloney

Managing Director
tom.maloney@mmgrea.com
314.305.2477
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Daniel Wiele

Managing Director
daniel.wiele@mmgrea.com
314.606.0256
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Hank Hicks

Senior Advisor
hank.hicks@mmgrea.com
314.420.1828
Zach Croake

Zach Croake

Associate Advisor
zach.croake@mmgrea.com
913.956.8559
Mitchell Schieber 2024

Mitchell Schieber

Associate
mitchell.schieber@mmgrea.com
636.484.6473

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