Commercial Department: Spotlight: Missouri: September 2015 - Scotsman Guide News
From Harley Davidson motorcycles and Ford commercial vans to Boeing space exploration equipment, Missouri specializes in making things that move people and goods. Boeing, whose defense, space and security unit is based in St. Louis, employs 14,000, the most of any industrial employer in the state. It also leads an aerospace sector that includes GKN Aerospace, LMI Aerospace and PAS Technologies. There were widespread layoffs in the state’s automotive industry during the recession, but employment has picked up since 2010. Ford and General Motors plants in Kansas City produced more than 500,000 automobiles in 2014. Manufacturing in general,... Commerce Department’s Bureau of Economic Analysis ranks Missouri fourth among the 50 states in economic diversity. Louis area, there were 1. 5 million square feet of new industrial space under construction in this past first quarter, while industrial rents reached a four-year high and the industrial vacancy rate dropped to 7. 3 percent from 8. 5 percent a year... skip to 3 Cities to Watch >>. St. Louis multifamily market Rents and occupancy rates are stable in the St. Louis metropolitan area. Year over year, the region recorded a 0. 7 percent growth in rents in this past. Source: www.scotsmanguide.com
