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Old 04-13-2014, 07:41 PM
 
1,710 posts, read 1,774,865 times
Reputation: 1849

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So there's this article in the Post-Dispath about the occupancy of the city's 11 largest office buildings. I thought it was pretty interesting. If I were you, I'd go ahead and skip straight to the graphic. (Key: Black=occupied, Red=vacant, Pink=sublease vacant, Blue=future available space). It's pretty nice to see that occupancy rates are relatively high [90% is good, right?].

A new look at St. Louis office buildings : Business

(Sorry if the link doesn't work, I'm on my phone so I had the mobile site URL)

But what I'm concerned about is the AT&T building. What are we going to do with such a massive building? We'll have to find a big tenant to fill it, as a LOT of small tenants will be needed cover that space. And we can't just have the city's second-largest building stay vacant. Is anyone else worried about the AT&T building (and a little mad at AT&T for vacating?)
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Old 04-13-2014, 08:04 PM
 
Location: Saint Louis, MO
1,908 posts, read 4,142,667 times
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AT&T is a disaster, so we won't be at 90% for long. Pretty much every major corporate player in the burbs is expanding their space in the burbs with no intention of heading downtown it seems.
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Old 04-13-2014, 08:15 PM
 
Location: St. Louis
1,221 posts, read 2,381,061 times
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A little mad? No. Furious? Absolutely. I just don't understand why a company would want to scatter all of its employees all over a metropolitan area instead of centralizing them in class-A office space in a fantastic location downtown. The AT&T building is centrally located, has access to MetroLink, is near the the convergence of 4 major highways, and blocks away from Culinaria, dozens of restaurants and hotels, the convention center, and Busch. Am I missing something here? Seriously? I also feel like major employers should have to face some kind of major penalty when they pull stunts like this that screw over their cities (I know that's not a feasible idea, but still).
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Old 04-13-2014, 08:45 PM
 
3,696 posts, read 2,576,073 times
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I think that if the economy can return to a shape where companies have to care a little about their employees, you'll see a bit less of companies throwing offices all over the suburbs. The general trend toward urban living will also help.
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Old 04-14-2014, 07:01 AM
 
1,710 posts, read 1,774,865 times
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Quote:
Originally Posted by Dawn10am View Post
A little mad? No. Furious? Absolutely. I just don't understand why a company would want to scatter all of its employees all over a metropolitan area instead of centralizing them in class-A office space in a fantastic location downtown. The AT&T building is centrally located, has access to MetroLink, is near the the convergence of 4 major highways, and blocks away from Culinaria, dozens of restaurants and hotels, the convention center, and Busch. Am I missing something here? Seriously? I also feel like major employers should have to face some kind of major penalty when they pull stunts like this that screw over their cities (I know that's not a feasible idea, but still).
Where are they moving the jobs, anyway?
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Old 04-14-2014, 11:08 AM
 
Location: St. Louis, MO
4,009 posts, read 5,816,293 times
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According to a Post Dispatch article last year, they're putting employees in two smaller downtown buildings that they have office space in, and they're moving others to a couple of facilities out in Town & Country.
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Old 04-14-2014, 05:48 PM
 
1,710 posts, read 1,774,865 times
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Quote:
Originally Posted by glamatomic View Post
According to a Post Dispatch article last year, they're putting employees in two smaller downtown buildings that they have office space in, and they're moving others to a couple of facilities out in Town & Country.
Huh. I thought they were moving them to a different city. Vacating the skyscraper is bad, but at least they're keeping the jobs in town.
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