Friday, October 4, 2013

New Normal, Vacant Buildings

Downtown St. Louis already has a relatively high office vacancy rate: 13.8 percent of higher-end "Class A" space sits empty, according to brokerage firm CBRE.

ST. LOUIS: AT&T to vacate downtown St. Louis building - Business Breaking News - "One of the largest office buildings in downtown St. Louis will be mostly vacant by 2015 after AT&T announced plans to move employees out of the building and relocate them elsewhere around the St. Louis area. AT&T announced Thursday that it will move about 2,000 workers out of the 44-story building to other buildings downtown and to west St. Louis County. The company says it no longer needs the space as more employees work from home."

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