2025 Q2 St Louis Multifamily Market Report

Market Overview

In Q2 2025, St. Louis’s multifamily market showed a modest rise in vacancy to 10.7 percent, driven by 889 units delivered year-to-date—exceeding the 695 units absorbed in the same period. Effective asking rent remained steady at $1.47 per square foot, maintaining nine consecutive quarters above $1.40. Meanwhile, the development pipeline contracted sharply, with just 1,247 units under construction—a 50.4 percent decline from the previous year—indicating a potential easing of supply pressure ahead.

About Colliers

Colliers is a global commercial real estate services firm headquartered in Toronto, active in over 60 countries. The firm delivers comprehensive expertise in brokerage, capital markets, valuation, research, and advisory services. Colliers’ multifamily market reports—when accessible—combine rigorous data with local insights to help investors, owners, and developers evaluate market fundamentals and plan strategically.