Commercial Property in St. Louis, MO Continues to Sell

From new office buildings to warehouse expansions, the commercial property in St. Louis, MO continues to boom.  The economy is still strong, and companies are demanding more and more workspaces. The overall market is very healthy and the trend for St. Louis companies is expansion, which is driving construction.  Commercial property in St. Louis, MO is some of the most attractive in the country for investors.

The construction industry has hailed commercial property in St. Louis, MO as most productive.  In the last decade, the dollar volume of construction soared to a record $3.7 billion.  Employment in new property starts also stood at a record level of 72,300 people.  Overall commercial construction grew by 26 percent in the 1990s.

Most commercial property in St. Louis, MO transactions deal with construction projects to replace obsolete buildings.  As long it remains more economical to build new facilities than staying in existing ones, a strong demand for construction should continue. Many industries, such as insurance companies and high tech manufacturing businesses are spending money and building structures and facilities.

One example of building on commercial property in St. Louis, MO is new four-floor Regency Office Building in St. Charles’ Regency Center.  This is a prime example of quality construction and workmanship on commercial property in St. Louis, MO.   Its new postmodern appearance has a high tech look with   blue-tinted windows covering the outer façade.  The concrete entrance court and a two-story lobby, finished in marble and granite, further enhance the interior of the Regency.

Another example of creating class on the commercial property in St. Louis, MO is Cape Albeon.  A 49-foot-high lighthouse is the signature feature of this senior living facility. The complex has 110 one- or two-bedroom independent-living apartments and 34 ranch-style cottage homes.  Amenities at the center include an indoor swimming pool, a fitness center, and the activity center for billiards and dancing.  Both these example show how commercial property in St. Louis, MO is building for the better.