2023 Office Space Rent & Sales
- $22.24 2023 Avg. Asking Rent
- 30.50% 2023 Office Vacancy Rate
Chesterfield office price per square foot in 2023 was $22.24 on average. The local office market recorded an average vacancy rate of 30.50% across all asset classes combined.
See how this market compares to the national average: U.S. office space rent & sales.
Average Rent by Office Class
2023 Average Office Rent per Square Foot
- Chesterfield Class A & A+ Office Space$25.76
- Chesterfield Class B Office Space$21.92
- Chesterfield Class C Office Space$20.67
- Missouri Class A & A+ Office Space$24.89
- Missouri Class B Office Space$20.58
- Missouri Class C Office Space$22.78
Chesterfield, MO Office Asking Rents by Class
Average office rent in Chesterfield rested at $22.24 per square foot in 2023. As would be expected, office rent price showed some variation from one asset class to another. As such, the asking rent for class A office space in Chesterfield averaged $25.76 per square foot. Across all submarkets, class B office space recorded an average asking rent of $21.92 per square foot. Meanwhile, assets encompassing class C office space saw asking rents of $20.67 per square foot, on average. Comparably, statewide Missouri average office rents by class in 2023 were: $24.89 per square foot for class A office space; $20.58 per square foot for class B office space; $22.78 per square foot for class C office space.
Office Spaces for Rent in Missouri
Coworking Spaces in Missouri
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2023 Office Construction in Chesterfield, MO
| Office building | Address | SF | Completed |
|---|---|---|---|
| Delmar Gardens III | 14767 N. Hwy 40 Outer Rd., 63017 | 125,000 | 2017 |
| 17263 Wild Horse Creek Road | 17263 Wild Horse Creek Road, 63005 | 10,751 | 2003 |
| One Chesterfield Place | 14755 North Outer 40 Road, 63017 | 143,473 | 2001 |
| Timberlake Corp Ctr III | 1350 Timberlake Manor Pkwy., 63017 | 116,197 | 2000 |
| Chesterfield Towne Center | 101 Chesterfield Towne Center, 63005 | 84,965 | 2000 |
| Black's Ridge | 16253 Swingley Ridge Road, 63017 | 66,685 | 2000 |
| Timberlake Corp Ctr II | 1370 Timberlake Manor Pkwy., 63017 | 117,618 | 1999 |
| Dierbergs Corp. Plaza | 16690 Swingley Ridge Road, 63017 | 97,000 | 1999 |
| 16647 Chesterfield Grove Road | 16647 Chesterfield Grove Road, 63005 | 38,853 | 1999 |
| 1 Solutions Parkway | 1 Solutions Parkway, 63017 | 156,000 | 1998 |
Worth noting among recent office completions on the Chesterfield market is Delmar Gardens III, which is currently the largest new office development in the city, at 125,000 square feet.
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This market stats report is based on analysis of city-level data that includes office properties equal to or larger than 25,000 square feet in size. Averages were calculated based on values dated January 1st 2023 through December 31st 2023. Construction pipeline data represented herein is valid as of April 2024. The information on this page was compiled using data provided by CommercialEdge, a market intelligence solution which offers comprehensive real market knowledge on all Chesterfield commercial properties sized 25,000 square feet or larger.
While every effort was made to ensure the accuracy of the data presented in this report, the information is provided “as is” and neither CommercialCafe nor CommercialEdge can guarantee that the information provided is complete.