|
|
| SLCEC Regional Facts & Information |
|
| |
|
|
|
| |
|
| Central Location |
|
| |
|
St. Louis' central location with the United States offers several business advantages not available in other regions of the country, including the following: |
|
| |
|
| • |
Convenience to Major Urban Areas
|
| • |
St. Louis is 20 miles from the mean geographic center of the U.S. population
|
| • |
St. Louis is within 500 miles of over 40% of the U.S. Population, including the major markets: Detroit, Chicago, Indianapolis, Cincinnati, Louisville, Nashville, Memphis, Oklahoma City, Kansas City, Omaha, Des Moines, and Milwaukee |
| • |
St. Louis is strategically positioned in the center of the country in the Central time zone, making it highly accessible to all regions of the US via teleconference, business commuter flight, or commercial flight
|
|
|
| |
|
| Transportation Infrastructure |
|
| |
|
Air Transportation |
|
There are three airports in St. Louis County: Lambert-St. Louis, Spirit of St. Louis, and Creve Coeur. Lambert-St. Louis accommodates ten major airlines, seven commuter airlines, and six cargo airlines. With 474,161 aircraft movements (take-offs and landings) in 2001, it was the eleventh busiest airport in North America. Lambert serves all major cities and flies non-stop direct to 63 destinations.
Direct flights save time and money as employees and clients have more options and can travel to and from the St. Louis area without catching a connecting flight.
Spirit of St. Louis Airport, located in Chesterfield, is the designated prime reliever for Lambert. More than 200,000 aircraft movements per year occur at Spirit Airport. There are 500 aircraft based at the airport, including over 100 corporate jets. St. Louis County owns and operates the Spirit of St. Louis Airport a premiere midwest airport providing charter flights, business commuter, and corporate jets. Located minutes from the business and financial corridors of greater St. Louis, Spirit Airport is a valuable asset in the efficient movement of company executives and clients.
|
|
| |
|
Highways & Interstates |
|
St. Louis ranks as the #1 US distribution location in the US for companies with one distribution center and both outbound and inbound shipments. St. Louis is ranked #2 distribution location in the country for companies with one plant/distribution center and outbound truckload shipments based on a study conducted by the St. Onge Company, a logistics consultant out of York PA.
St. Louis County contains more than 5,200 miles of public roads including interstate and state highways, County arterial roads, and local roads. The region:
|
|
| |
|
| is serviced by four interstates: I-55, I-64, I-44, and I-70. |
| has four interstate linkages: I-170, I-270, I-370, and I-255. |
| is located on the NAFTA highway connecting Mexico to Canada. |
|
|
| |
|
Rail Transportation |
|
The St. Louis region offers the opportunity for both freight and passenger rail service. The region boasts ten railroads, five of which have annual incomes of over $260 million. Amtrak passenger service is available at the City's 16th Street Station and the County's Kirkwood Station.
St. Louis is serviced by all major rail carriers and is the convergence point for the Norfolk Southern and Union Pacific Railroads.
|
|
| |
|
River Transportation |
|
Barges continue to play a dramatic role in freight distribution for the St. Louis region. Over 33 million tons of commodities passed through the Port of Metropolitan St. Louis in 2001. The St. Louis County Port Authority is one of the four publicly established port authorities or districts within the Port of Metropolitan St. Louis, the nation's second largest inland port. |
|
| |
|
Public Transportation |
|
The Bi-State Development Agency owns and operates the St. Louis region's public transportation system. This system includes MetroLink, a light rail system; MetroBus, the region's bus system; and Call-A-Ride, a para transit van system. These systems combined to carry over 52 million passengers and travel over 28 million miles in 2000. |
|
| |
|
Sources: St. Louis County Department of Highways and Traffic; Association of American Railroads; Lambert-St. Louis Airport; Missouri Department of Transportation; U.S. Army Corps of Engineers;
Bi-State Development Agency. |
|
| |
|
|
|
| |
|
| Commercial
Lease Rate Comparison |
|
| |
|
St. Louis compares favorably to other markets in terms of average lease rate. The following table details 2003 rental rates in St. Louis versus selected other markets in the areas of Class A office, Class B office, and Industrial. |
|
| |
|
| Market |
Type |
Average Lease
Rate/sq. ft. (2003) |
| St. Louis |
Class A Office
Class B Office
Industrial
|
|
| Dallas/Ft. Worth |
Class A Office
Class B Office
Industrial |
|
| Chicago |
Class A Office
Class B Office
Industrial |
|
| Detroit |
Class A Office
Class B Office
Industrial |
|
|
|
Source : CoStar 2003 National Office and Industrial Report |
|
| |
|
|
|
| |
|
| Management Relocation Comparison |
|
| |
|
St. Louis is an affordable market in which to purchase a home. Transferring executives will find their money goes further than many other major markets. |
|
| |
|
Q1 2002 Comparison of Management Relocation Home* Costs |
|
| |
|
| Market |
Price |
| Houston |
$162,480 |
| Tampa |
$180,605 |
| St. Louis |
$181,933 |
| Cleveland |
$192,500 |
| Dallas |
$223,750 |
| Detroit |
$259,625 |
| Minneapolis |
$301,566 |
| Philadelphia |
$374,250 |
| New York |
$508,750 |
| Los Angeles |
$644,333 |
|
|
| |
|
| *A management relocation home consists of 2200 square feet with 4 bedrooms, 2.5 baths, family room, and 2-car garage. |
|
| |
|
|
|
| |
|