St. Louis real estate forecast covers central core development, talent retention

Investment in St. Louis’ central core was among the causes for optimism cited Wednesday at a meeting of stakeholders in St. Louis’ real estate and development community.

That swath of the city — stretching from the Gateway Arch to Forest Park — is the site of some $8 billion in current construction projects, according to Chip Crawford, chair of the Urban Land Institute in St. Louis.

Wednesday’s gathering focused on the Emerging Trends in Real Estate report produced by the Urban Land Institute and PwC.

The report suggests a generally positive outlook for the real estate industry in St. Louis and across the country in 2019.

One challenge for St. Louis addressed at the event: How to attract and retain young workers.

Andy Warren, who co-authored the report, cited the Cortex Innovation District as a magnet for young talent that has spawned residential growth.

“This area, with its startup community — that’s the kind of thing that will attract people back,” he said.

Read more: St. Louis Public Radio

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