Matrix Multifamily St Louis Report-October 2022 November 08, 2022

St. Louis Sees Steady but Slow Progress

St. Louis rents rose 0.8 percent on a T3 basis through August, outperforming the U.S. rate for the first time in 20 months. Yet its employment expansion has seen a softening trend through the past 12 months, up just 3.2 percent and some ways behind the 4.7 percent national rate.