FY 2017 Budget Highlights

COMMERCIAL MARKET RENTS 2015: Average office rental rates ($21.39) are 5% lower than 2011, but 2% higher than in 2014 $25.00 Average flex rental rates ($10.61) are 7% higher than in 2011 $20.00 Average retail rates ($18.36 are 4% higher than in 2011 $15.00 STLALE Stulz Air Technology Systems $10.00 $5.00 Office, Flex and Retail Rental Rates $0.00 2011 2012 2013 2014 2015 Office/gross Flex /nnn Retail /nnn Source: CoStar 29

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