Tech firms occupy approximately 12.28 million sq. ft. of office space in St. Louis. Tech subsectors represented in the St. Louis market continue to be diverse. Hardware and information technology firms, the two subsectors with the largest footprint, make up a combined 35% of all tech occupancy, or 4.2 million sq. ft. Telecommunications and biotech occupiers, with the 3rd and 4th largest subsector footprints respectively, make up a combined 28% of the tech occupancy, or 3.4 million sq. ft.
With 572 unique tech occupiers, St. Louis has a strnog tech footprint scattered across the metro area. However, nearly 47% of all tech occupiers are located within four predominant geographic clusters - Creve Coeur, Clayton, Cortex and the Central Business District. All four of these clusters are geographically small areas with high concentrations of of tech office users. The agglomeration benefits that come with this type of synergistic clustering have helped push St. Louis into the national tech conversation. Building on these strengths will help St. Louis further enhance its tech presence and solidify its seat as a top market in the technology world.
This report contains insights related to tech users' office footprint in the market, a look at how tech users have impacted office market fundamentals, a snapshot of tech talent in St. Louis, an examination of tech industry indicators and a review of some notable office developments that will further enhance St. Louis' tech presence.
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