{"id":2164,"date":"2021-10-27T12:15:01","date_gmt":"2021-10-27T12:15:01","guid":{"rendered":"https:\/\/www.yardimatrix.com\/blog\/?p=2164"},"modified":"2024-02-06T10:58:07","modified_gmt":"2024-02-06T10:58:07","slug":"st-louis-multifamily-market-report-fall-2021","status":"publish","type":"post","link":"https:\/\/www.yardimatrix.com\/blog\/st-louis-multifamily-market-report-fall-2021\/","title":{"rendered":"St. Louis Multifamily Market Report \u2013 Fall 2021"},"content":{"rendered":"<h2><strong>Improving Market Fundamentals<\/strong><\/h2>\n<p>St. Louis\u2019 diverse employment base helped prove its strength during the health crisis, placing it in the \u201cstable markets\u201d pool. Also boosted by the <a href=\"https:\/\/www.yardimatrix.com\/blog\/tag\/st-louis-housing-market\/\"><strong>city\u2019s affordable cost of living<\/strong><\/a> and low-risk geography, the market\u2019s performance surpassed pre-pandemic values. St. Louis rents rose 1.1% on a trailing three-month basis through August to $1,075, still far behind the $1,539 U.S. average.<\/p>\n<p>Employment growth in the 12 months ending in June marked a 0.6% uptick, double the 0.3% national rate. Unemployment in St. Louis improved to 4.4% in July, leading the 5.4% U.S. rate. Leisure and hospitality expanded by 25.5%, adding 27,700 jobs in the 12 months ending in June, but reassuring stability stems out of the trade, transportation and utilities sector, as e-commerce is driving a warehouse boom: Fenton Logistics Park has been rapidly adding tenants, including Grey Eagle Distributors and Amazon. Education and health services is also poised for growth, while Mercy and BJC HealthCare will increase their minimum wage to $15 per hour.<\/p>\n<p>Developers delivered 769 units this year through August and had another 5,233 apartments under construction, half of which are located within a 5-mile radius of downtown. Meanwhile, investors traded $617 million in multifamily assets and the average price per unit rose 12.8% from last year, to $135,694<\/p>\n<p>Read the full <a href=\"https:\/\/www.yardimatrix.com\/Publications\/Download\/File\/1341-MatrixMultifamilyStLouisReport-Fall2021?utm_source=Matrix-Blog&amp;utm_medium=Social\"><strong>Matrix Multifamily St Louis Report-Fall 2021<\/strong><\/a><\/p>\n<p>&nbsp;<\/p>\n<p>&nbsp;<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Improving Market Fundamentals St. Louis\u2019 diverse employment base helped prove its strength during the health crisis, placing it in the \u201cstable markets\u201d pool. Also boosted by the city\u2019s affordable cost of living and low-risk geography, the market\u2019s performance surpassed pre-pandemic values. St. Louis rents rose 1.1% on a trailing three-month basis through August to $1,075, [&hellip;]<\/p>\n","protected":false},"author":650,"featured_media":2168,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[12,5,4],"tags":[221,128],"class_list":["post-2164","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-metro-reports","category-multifamily-market","category-real-estate-trends","tag-multifamily-outlook-2021","tag-st-louis"],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v23.4 (Yoast SEO v24.6) - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>St. Louis Multifamily Market Report \u2013 Fall 2021 - Yardi Matrix Blog<\/title>\n<meta name=\"description\" content=\"St. Louis\u2019 diverse employment base helped prove its strength during the health crisis, placing it in the \u201cstable markets\u201d pool.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.yardimatrix.com\/blog\/st-louis-multifamily-market-report-fall-2021\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"St. Louis Multifamily Market Report \u2013 Fall 2021\" \/>\n<meta property=\"og:description\" content=\"St. Louis\u2019 diverse employment base helped prove its strength during the health crisis, placing it in the \u201cstable markets\u201d pool.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.yardimatrix.com\/blog\/st-louis-multifamily-market-report-fall-2021\/\" \/>\n<meta property=\"og:site_name\" content=\"Yardi Matrix Blog\" \/>\n<meta property=\"article:published_time\" content=\"2021-10-27T12:15:01+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2024-02-06T10:58:07+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.yardimatrix.com\/blog\/wp-content\/uploads\/sites\/39\/2021\/10\/St.-Louis-iStock-1321220345.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"1200\" \/>\n\t<meta property=\"og:image:height\" content=\"628\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"lilianam\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Anca Gagiuc\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"1 minute\" \/>\n<!-- \/ Yoast SEO Premium plugin. -->","yoast_head_json":{"title":"St. Louis Multifamily Market Report \u2013 Fall 2021 - Yardi Matrix Blog","description":"St. Louis\u2019 diverse employment base helped prove its strength during the health crisis, placing it in the \u201cstable markets\u201d pool.","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/www.yardimatrix.com\/blog\/st-louis-multifamily-market-report-fall-2021\/","og_locale":"en_US","og_type":"article","og_title":"St. Louis Multifamily Market Report \u2013 Fall 2021","og_description":"St. Louis\u2019 diverse employment base helped prove its strength during the health crisis, placing it in the \u201cstable markets\u201d pool.","og_url":"https:\/\/www.yardimatrix.com\/blog\/st-louis-multifamily-market-report-fall-2021\/","og_site_name":"Yardi Matrix Blog","article_published_time":"2021-10-27T12:15:01+00:00","article_modified_time":"2024-02-06T10:58:07+00:00","og_image":[{"width":1200,"height":628,"url":"https:\/\/www.yardimatrix.com\/blog\/wp-content\/uploads\/sites\/39\/2021\/10\/St.-Louis-iStock-1321220345.jpg","type":"image\/jpeg"}],"author":"lilianam","twitter_card":"summary_large_image","twitter_misc":{"Written by":"Anca Gagiuc","Est. reading time":"1 minute"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/www.yardimatrix.com\/blog\/st-louis-multifamily-market-report-fall-2021\/#article","isPartOf":{"@id":"https:\/\/www.yardimatrix.com\/blog\/st-louis-multifamily-market-report-fall-2021\/"},"author":{"name":"lilianam","@id":"https:\/\/www.yardimatrix.com\/blog\/#\/schema\/person\/877efe30f5be34ed3f8b5f334c96a8e0"},"headline":"St. Louis Multifamily Market Report \u2013 Fall 2021","datePublished":"2021-10-27T12:15:01+00:00","dateModified":"2024-02-06T10:58:07+00:00","mainEntityOfPage":{"@id":"https:\/\/www.yardimatrix.com\/blog\/st-louis-multifamily-market-report-fall-2021\/"},"wordCount":216,"commentCount":0,"publisher":{"@id":"https:\/\/www.yardimatrix.com\/blog\/#organization"},"image":{"@id":"https:\/\/www.yardimatrix.com\/blog\/st-louis-multifamily-market-report-fall-2021\/#primaryimage"},"thumbnailUrl":"https:\/\/www.yardimatrix.com\/blog\/wp-content\/uploads\/sites\/39\/2021\/10\/St.-Louis-iStock-1321220345.jpg","keywords":["Multifamily Outlook 2021","St Louis"],"articleSection":["Metro Reports","Multifamily Market","Real Estate Trends"],"inLanguage":"en-US","potentialAction":[{"@type":"CommentAction","name":"Comment","target":["https:\/\/www.yardimatrix.com\/blog\/st-louis-multifamily-market-report-fall-2021\/#respond"]}]},{"@type":"WebPage","@id":"https:\/\/www.yardimatrix.com\/blog\/st-louis-multifamily-market-report-fall-2021\/","url":"https:\/\/www.yardimatrix.com\/blog\/st-louis-multifamily-market-report-fall-2021\/","name":"St. Louis Multifamily Market Report \u2013 Fall 2021 - Yardi Matrix Blog","isPartOf":{"@id":"https:\/\/www.yardimatrix.com\/blog\/#website"},"primaryImageOfPage":{"@id":"https:\/\/www.yardimatrix.com\/blog\/st-louis-multifamily-market-report-fall-2021\/#primaryimage"},"image":{"@id":"https:\/\/www.yardimatrix.com\/blog\/st-louis-multifamily-market-report-fall-2021\/#primaryimage"},"thumbnailUrl":"https:\/\/www.yardimatrix.com\/blog\/wp-content\/uploads\/sites\/39\/2021\/10\/St.-Louis-iStock-1321220345.jpg","datePublished":"2021-10-27T12:15:01+00:00","dateModified":"2024-02-06T10:58:07+00:00","description":"St. Louis\u2019 diverse employment base helped prove its strength during the health crisis, placing it in the \u201cstable markets\u201d pool.","breadcrumb":{"@id":"https:\/\/www.yardimatrix.com\/blog\/st-louis-multifamily-market-report-fall-2021\/#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/www.yardimatrix.com\/blog\/st-louis-multifamily-market-report-fall-2021\/"]}]},{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/www.yardimatrix.com\/blog\/st-louis-multifamily-market-report-fall-2021\/#primaryimage","url":"https:\/\/www.yardimatrix.com\/blog\/wp-content\/uploads\/sites\/39\/2021\/10\/St.-Louis-iStock-1321220345.jpg","contentUrl":"https:\/\/www.yardimatrix.com\/blog\/wp-content\/uploads\/sites\/39\/2021\/10\/St.-Louis-iStock-1321220345.jpg","width":1200,"height":628,"caption":"Image by DutcherAerials\/iStockphoto.com"},{"@type":"BreadcrumbList","@id":"https:\/\/www.yardimatrix.com\/blog\/st-louis-multifamily-market-report-fall-2021\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/www.yardimatrix.com\/blog\/"},{"@type":"ListItem","position":2,"name":"St. Louis Multifamily Market Report \u2013 Fall 2021"}]},{"@type":"WebSite","@id":"https:\/\/www.yardimatrix.com\/blog\/#website","url":"https:\/\/www.yardimatrix.com\/blog\/","name":"Yardi Matrix Blog","description":"Stay current with the latest commercial real estate market trends and forecasts","publisher":{"@id":"https:\/\/www.yardimatrix.com\/blog\/#organization"},"potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/www.yardimatrix.com\/blog\/?s={search_term_string}"},"query-input":{"@type":"PropertyValueSpecification","valueRequired":true,"valueName":"search_term_string"}}],"inLanguage":"en-US"},{"@type":"Organization","@id":"https:\/\/www.yardimatrix.com\/blog\/#organization","name":"Yardi Matrix","url":"https:\/\/www.yardimatrix.com\/blog\/","logo":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/www.yardimatrix.com\/blog\/#\/schema\/logo\/image\/","url":"https:\/\/www.yardimatrix.com\/blog\/wp-content\/uploads\/sites\/39\/2020\/11\/Inline_Matrix_Color_es-1.jpg","contentUrl":"https:\/\/www.yardimatrix.com\/blog\/wp-content\/uploads\/sites\/39\/2020\/11\/Inline_Matrix_Color_es-1.jpg","width":200,"height":39,"caption":"Yardi Matrix"},"image":{"@id":"https:\/\/www.yardimatrix.com\/blog\/#\/schema\/logo\/image\/"},"sameAs":["https:\/\/www.linkedin.com\/company\/yardi-matrix\/","https:\/\/www.youtube.com\/channel\/UCRHgAZL4YoyeNEdiRN5uj0g"]},{"@type":"Person","@id":"https:\/\/www.yardimatrix.com\/blog\/#\/schema\/person\/877efe30f5be34ed3f8b5f334c96a8e0","name":"lilianam","image":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/www.yardimatrix.com\/blog\/#\/schema\/person\/image\/","url":"https:\/\/secure.gravatar.com\/avatar\/45984043e497a4c112cc391ba1c7376592e14880c782c889d4abfed0aeefa8ad?s=96&d=mm&r=g","contentUrl":"https:\/\/secure.gravatar.com\/avatar\/45984043e497a4c112cc391ba1c7376592e14880c782c889d4abfed0aeefa8ad?s=96&d=mm&r=g","caption":"lilianam"},"url":""}]}},"jetpack_featured_media_url":"https:\/\/www.yardimatrix.com\/blog\/wp-content\/uploads\/sites\/39\/2021\/10\/St.-Louis-iStock-1321220345.jpg","jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/www.yardimatrix.com\/blog\/wp-json\/wp\/v2\/posts\/2164","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.yardimatrix.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.yardimatrix.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.yardimatrix.com\/blog\/wp-json\/wp\/v2\/users\/650"}],"replies":[{"embeddable":true,"href":"https:\/\/www.yardimatrix.com\/blog\/wp-json\/wp\/v2\/comments?post=2164"}],"version-history":[{"count":1,"href":"https:\/\/www.yardimatrix.com\/blog\/wp-json\/wp\/v2\/posts\/2164\/revisions"}],"predecessor-version":[{"id":2185,"href":"https:\/\/www.yardimatrix.com\/blog\/wp-json\/wp\/v2\/posts\/2164\/revisions\/2185"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.yardimatrix.com\/blog\/wp-json\/wp\/v2\/media\/2168"}],"wp:attachment":[{"href":"https:\/\/www.yardimatrix.com\/blog\/wp-json\/wp\/v2\/media?parent=2164"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.yardimatrix.com\/blog\/wp-json\/wp\/v2\/categories?post=2164"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.yardimatrix.com\/blog\/wp-json\/wp\/v2\/tags?post=2164"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}