Apartment vacancies rise across Memphis
While demand slowed, a declining construction pipeline could bring balanced conditions in 2026
The Memphis, Tennessee, apartment market remained under pressure in 2025 as elevated vacancy and heavy new supply weighed on fundamentals.
St. Louis apartment fundamentals held steady as development slowed
The number of completions fell for the third year in a row
St. Louis’s apartment market improved in 2025 as demand held steady and development slowed.
Vacancy edges higher in Kansas City as completions climb and demand moderates
The market still has a lower vacancy rate than nearby peer markets
Kansas City’s apartment market saw a slowdown in demand in 2025, leading to a rise in vacancies after the strong rebound in 2024.
Indianapolis apartment market cools in 2025
Elevated construction, softer absorption, slowing rents push vacancy higher
Indianapolis’s apartment market softened in 2025, as demand slowed and new supply remained elevated.
Kansas City apartment pipeline shrinks amid higher costs
Development next year is projected to hit lowest annual total since 2019
With increased borrowing costs, higher equity requirements and slowing rent growth, multifamily construction activity in Kansas City has reached its lowest level in about a decade.
Indianapolis apartment building boom gives way to slowdown
Rising costs, weaker demand push new development to decade-low levels
Higher borrowing costs, stricter equity requirements and slower rent growth have pushed apartment construction in Indianapolis to its lowest level in nearly 10 years.
Development slows across St. Louis apartment market
Higher equity requirements and rising costs reshape construction pipeline
With increased borrowing costs, higher equity requirements, and slowing rent growth, multifamily construction activity in St. Louis has reached its lowest level in about a decade.
St. Louis medical office market holds steady as traditional vacancies remain high
Limited construction and strong leasing fundamentals support medical properties
As 2025 draws to a close, performance trends in St. Louis medical and traditional office subtypes continue to diverge.
Kansas City sublet space drops by more than half from early 2023 peak
College Boulevard leads the turnaround as major tenants lease excess inventory
The Kansas City office market has about 14.7 million square feet of available space, which is down roughly 21% from the peak in 2024. One of the biggest drivers behind that drop is...
St. Louis office market sees sharp improvement in sublet space
Cost pressures and built-out space make sublets more attractive to tenants
The St. Louis office market has about 16.1 million square feet of available space, which is down roughly 13% from the peak in 2023. One of the biggest drivers behind that drop is t...
Retail space in Kansas City leases quickly amid tight conditions
Demand for store space bounces back in third quarter
Retail space in the Kansas City region is leasing at a brisk pace, reflecting strong tenant interest despite broader economic headwinds.
Indianapolis retail market heats up with new leases
Availability remains near record lows
Retail space in the Indianapolis area is leasing at a brisk pace, reflecting strong tenant interest despite broader economic headwinds.
Indianapolis commercial real estate sales rise for third consecutive quarter
Industrial sector posts largest increase since 2022
Higher interest rates and tighter lending requirements have hampered the Indianapolis commercial real estate investment market over the past three years. However, sales activity is...
Kansas City's commercial real estate market finds footing after prolonged slowdown
Retail dominates and multifamily and industrial sectors rebound from early 2024 lows
Higher interest rates and tighter lending requirements have hampered the Kansas commercial real estate investment market over the past three years. However, sales activity in Kansa...
St. Louis retail space leases quickly amid tight market conditions
Minimal speculative development maintains tight conditions across the region
Retail space in the St. Louis region is leasing at a brisk pace, reflecting strong tenant interest despite broader economic headwinds.
St. Louis sales activity rises during the third quarter
Industrial properties see biggest improvement
Higher interest rates and tighter lending requirements have hampered the St. Louis commercial real estate investment market over the past three years. However, sales activity in St...
Indianapolis payrolls see largest gain since late 2024
Labor force hits record as population growth continues
The Indianapolis labor market improved over the past year, according to the latest Bureau of Labor Statistics data. Nonfarm payrolls increased by 13,900 jobs in July compared to la...
St. Louis labor market shows signs of resilience
Labor force expansion offsets uneven sector performance in a stabilizing market
The St. Louis labor market improved over the past year, according to the latest Bureau of Labor Statistics data.
Kansas City, Missouri, payrolls remain near a record high
Gains in manufacturing lead job growth
The Kansas City labor market improved over the past year, according to the latest Bureau of Labor Statistics data. Nonfarm payrolls increased by 9,600 jobs in July compared to last...
St. Louis industrial market registers one of the lowest vacancy rates in the country
Less development has kept vacancies low compared to other Midwestern markets
As of September, the Saint Louis industrial market has one of the lowest vacancy rates in the country.