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Demand for St. Louis Apartments Surges in Q3 of 2012

city walkAs the demand for St. Louis apartments continues to surge, new research from Colliers International in St. Louis shows that multifamily occupancy in St. Louis hit a decade high! In the 3rd Quarter St. Louis absorbed 2,748 units bringing overall occupancy to 94.3%. Demand has been particularly high in the Central West End and Mid St. Louis County, but rent growth remains modest. The Central West End is projected to have 420 new units while Mid County will receive 268 new units in 2013. While demand remains high, the addition of the new units is expected to keep rent growth low.