Commercial Real Estate Market in Saint Joseph, MO
Updated monthly: sale, lease, property records, location trend, and more… · Last update: August 31
295 active listings and 2,380 off-market properties in Saint Joseph, MO. Commercial property asks $222/SF to buy and $19.70/SF/Yr to lease.
Market Trends
Saint Joseph, MO spans 176.6 square miles in Buchanan County, Missouri. Figures below refresh monthly; last updated 31 August 2026.
Office
Office vacancy in Saint Joseph, MO runs 21.3% across the Midwest region in 2025, up from 13.7% in 2019.
Vacancy Rate % in Midwest region
Retail
Retail vacancy in Saint Joseph, MO runs 6.3% across the Midwest region in 2025, down from 8% in 2020.
Vacancy Rate % in Midwest region
Industrial
Industrial vacancy in Saint Joseph, MO runs 4.9% across the Midwest region in 2025, up from 4.4% in 2019. Nearly 1.6x the 2022 low of 3.1%.
Vacancy Rate % in Midwest region
Multifamily
Multifamily vacancy in Saint Joseph, MO runs 8% across the Midwest region in 2025, up from 6.5% in 2022.
Vacancy Rate % in Midwest region
Market overview
Demographics & Economy
Saint Joseph, MO has 83,402 residents in 37,476 households. Density runs 472 people per square mile. Median household income here is $58,726 and median gross rent $908 a month.
83,402
Population
37,476
Households
2.2
Avg Household Size
39
Median Age
24%
College-Educated
90%
High-School Grad
176.6 sq mi
ZIP Area
472
Density / Sq Mi
$58,726
Median Household Income
$37,230
Median Earnings
$908
Median Rent
$158,762
Median Home Value
Tools
Lease vs Buy Breakeven
At $19.70/SF/Yr lease vs $222/SF buy → buying wins if held > 1.8 years.
At a 8.9% gross asking yield the payback reads short relative to leasing. Assumes 30% down at 6.5% fixed, 2% a year in taxes and upkeep, 3% appreciation, 5% opportunity cost, 2% closing plus 5% selling costs, and a 3% annual rent escalator.
Nearby Markets
| Market | Average Sale Price, $/SF | Average Lease Price, $/SF/Yr |
|---|---|---|
| Elwood | — | — |
| Country Club | — | — |
| Wathena | — | — |
| Amazonia | — | — |
Commercial property in Saint Joseph, MO asks $222/SF.
Frequently Asked Questions
What is the average price per square foot for commercial property in Saint Joseph?
Commercial property in Saint Joseph, MO asks an average of $222 per square foot.
How much does it cost to lease commercial space in Saint Joseph?
Asking lease rates in Saint Joseph, MO average $19.70 per square foot per year.
Is it cheaper to lease or buy commercial space in Saint Joseph?
Buying beats leasing in Saint Joseph, MO if the property is held longer than 1.8 years, comparing $19.70/SF/Yr asking rent with $222/SF asking price. The model assumes 30% down at 6.5% fixed, 2% of value per year in taxes and upkeep, 3% appreciation, 5% opportunity cost on the cash and a 3% annual rent escalator.
Where does Realmo's Saint Joseph market data come from?
Realmo compiles Saint Joseph, MO figures from 236 active sale listings, 59 active lease listings, 2,380 tracked off-market properties. Sale and lease figures refresh monthly; vacancy annually. Last updated 31 August 2026.
Methodology & data sources
- Asking prices and averages
- Computed from 236 active for-sale and 59 active for-lease listings in Saint Joseph, MO. These are ASKING figures from live listings, not closed-transaction prices, and a segment carried by a handful of listings reads as indicative rather than an average.
- Vacancy rates
- Published per-sector market series, taken at the metro level where one exists and otherwise at the Census-region level — a chart reading "in <region> region" is a regional number, not this city's.
- Refresh
- The monthly aggregates close at the end of the previous month, so 31 August 2026 — not today — is the honest last update.
- Known limitations
- office vacancy is reported at Midwest region level, retail vacancy is reported at Midwest region level and industrial vacancy is reported at Midwest region level.
- Coverage
- Metrics below the 10-observation threshold fall back one geographic level. The geography used is named on each figure.
Compiled by the Realmo Data team · reviewed 31 August 2026 · report a data issue
