{"id":9641,"date":"2025-06-17T11:25:00","date_gmt":"2025-06-17T11:25:00","guid":{"rendered":"https:\/\/www.yardimatrix.com\/blog\/?p=9641"},"modified":"2025-11-13T11:32:11","modified_gmt":"2025-11-13T11:32:11","slug":"st-louis-multifamily-market-report-may-2025","status":"publish","type":"post","link":"https:\/\/www.yardimatrix.com\/blog\/st-louis-multifamily-market-report-may-2025\/","title":{"rendered":"St. Louis Multifamily Market Report \u2013 May 2025"},"content":{"rendered":"\n<p class=\"has-normal-font-size\">Read the latest Yardi Matrix <strong><a href=\"\/blog\/seattle-multifamily-market-report\/\">Seattle Multifamily Market Report<\/a><\/strong>.<\/p>\n\n\n<hr \/>\n<h2>Rent Gains Withstand Rising Deliveries<\/h2>\n<p>The St. Louis multifamily market was poised for growth at the end of the first quarter of 2025, according to the latest Yardi Matrix St. Louis multifamily market report. Average advertised asking rents increased 0.2%, on a trailing three-month basis through March, to $1,285, despite sustained stock expansion and a tepid job market. Gains also continued to outperform the nation, with the U.S. rate up 0.1%, to $1,755, as noted in the in the most recent <a href=\"\/blog\/national-multifamily-market-report\/\" rel=\"\"><strong>national multifamily market report<\/strong><\/a>. Overall occupancy in stabilized properties slid 30 basis points year-over-year, to 93.2% in February.<\/p>\n<p><iframe id=\"datawrapper-chart-v65CH\" style=\"width: 0; min-width: 100% !important; border: none;\" title=\"St Louis vs. National Rent Growth \" src=\"https:\/\/datawrapper.dwcdn.net\/v65CH\/3\/\" height=\"329\" frameborder=\"0\" scrolling=\"no\" aria-label=\"Interactive line chart\" data-external=\"1\"><\/iframe><script type=\"text\/javascript\">!function(){\"use strict\";window.addEventListener(\"message\",(function(a){if(void 0!==a.data[\"datawrapper-height\"]){var e=document.querySelectorAll(\"iframe\");for(var t in a.data[\"datawrapper-height\"])for(var r,i=0;r=e[i];i++)if(r.contentWindow===a.source){var d=a.data[\"datawrapper-height\"][t]+\"px\";r.style.height=d}}}))}();<br \/>\n<\/script><\/p>\n<p>Job gains in St. Louis decelerated to 0.3% as of January, while the U.S. rate stood at 1.0% for the fourth consecutive month. The metro shed 3,600 net jobs over 12 months. Still, the unemployment rate clocked in at 4.1% as of March, below the 4.2% U.S. and 4.8% Illinois rates but trailing Missouri (3.8%). Half of the metro\u2019s employment sectors lost jobs, with the steepest declines registered in leisure and hospitality (-7,800 jobs) and mining, logging and construction (-2,100 jobs). Gains were strongest in education and health services (6,000 jobs) and government (2,000 jobs). The manufacturing sector, which lost 1,900 net jobs, will soon benefit from Israel Chemicals Ltd.\u2019s $547 million South County campus, which has been under construction since December.<\/p>\n<p><iframe id=\"datawrapper-chart-X0ps9\" style=\"width: 0; min-width: 100% !important; border: none;\" title=\"St Louis Employment Share by Sector \" src=\"https:\/\/datawrapper.dwcdn.net\/X0ps9\/2\/\" height=\"417\" frameborder=\"0\" scrolling=\"no\" aria-label=\"Table\" data-external=\"1\"><\/iframe><script type=\"text\/javascript\">!function(){\"use strict\";window.addEventListener(\"message\",(function(a){if(void 0!==a.data[\"datawrapper-height\"]){var e=document.querySelectorAll(\"iframe\");for(var t in a.data[\"datawrapper-height\"])for(var r,i=0;r=e[i];i++)if(r.contentWindow===a.source){var d=a.data[\"datawrapper-height\"][t]+\"px\";r.style.height=d}}}))}();<br \/>\n<\/script><\/p>\n<p>Development intensified in 2024, and deliveries in 2025 through March amounted to 1,000 units, while another 4,418 units were underway. Meanwhile, investment slowed down, totaling just $41 million in the first quarter, with the price per unit at $103,896.<\/p>\n<p>Read the full St. Louis Multifamily Market Report: <a href=\"\/publications\/download\/file\/5646-MatrixMultifamilyStLouisReport-May2024\" rel=\"\"><strong>May 2025<\/strong><\/a><\/p>","protected":false},"excerpt":{"rendered":"<p>Rent Gains Withstand Rising Deliveries The St. Louis multifamily market was poised for growth at the end of the first quarter of 2025, according to the latest Yardi Matrix St. Louis multifamily market report. Average advertised asking rents increased 0.2%, on a trailing three-month basis through March, to $1,285, despite sustained stock expansion and a [&hellip;]<\/p>\n","protected":false},"author":436,"featured_media":8965,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[12,5,4],"tags":[513,128],"class_list":["post-9641","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-metro-reports","category-multifamily-market","category-real-estate-trends","tag-multifamily-outlook-2025","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 May 2025 - Yardi Matrix Blog<\/title>\n<meta name=\"description\" content=\"Rent growth in St. Louis continued solid performance, up 0.4 percent on a T3 basis through March to $1,236, double the U.S. rate.\" \/>\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-may-2025\/\" \/>\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 May 2025\" \/>\n<meta property=\"og:description\" content=\"Rent growth in St. Louis continued solid performance, up 0.4 percent on a T3 basis through March to $1,236, double the U.S. rate.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.yardimatrix.com\/blog\/st-louis-multifamily-market-report-may-2025\/\" \/>\n<meta property=\"og:site_name\" content=\"Yardi Matrix Blog\" \/>\n<meta property=\"article:published_time\" content=\"2025-06-17T11:25:00+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2025-11-13T11:32:11+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.yardimatrix.com\/blog\/wp-content\/uploads\/sites\/39\/2024\/11\/St-Louis-iStock-2204576085-MHN.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"1200\" \/>\n\t<meta property=\"og:image:height\" content=\"900\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Adina Rogoz\" \/>\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=\"2 minutes\" \/>\n<!-- \/ Yoast SEO Premium plugin. -->","yoast_head_json":{"title":"St. Louis Multifamily Market Report \u2013 May 2025 - 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