Tuesday, March 31, 2009

In Down Market, Downtown Population Continues to Grow

Posted By on Tue, Mar 31, 2009 at 12:35 PM

That's the news, from Downtown St. Louis Partnership. The civic booster group is out with its annual report on the housing market that indicates the population downtown increased six percent last year to 11,854 residents.

The agency also reports that occupancy rates for apartments increased from 88 percent to 90 percent last year despite a flood of 400 new rentals on the market last year.

Many of those new apartments were originally designed as loft condos. Sales of those units, meanwhile, had their first downturn in years. Condo loft sales declined 51 percent from 400 units in 2007 to 194 units in 2008.

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