Molly Mastin | Colliers International | St. Louis - Clayton

Molly Mastin

Director of Marketing

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About

Professional Summary

As Director of Marketing in St. Louis, Molly is responsible for the implementation of the Colliers International brand standards, oversight of the creation and development of marketing-related materials, and strategic marketing initiatives. She specializes in new business proposals, client presentations, event planning and property marketing.

Molly has worked in the commercial real estate industry since 2003. She has been involved in a wide range of responsibilities in both the marketing and research departments. Prior to joining Colliers International, Molly worked as the director of marketing and research with Gateway Commercial, a Cushman & Wakefield affiliate. She is a licensed salesperson in the state of Missouri.

Education

University of Missouri - Columbia, Bachelor of Science in Business Administration with a major in Marketing

Memberships & Involvements

  • CREW (Commercial Real Estate Women) St. Louis, Advisory Board
  • Junior League of St. Louis
  • Gateway to Hope Breast Trivia Night Ever Co-Chair

Services

Service Lines
$name
Featured Research
Apr 22, 2020
Q1 2020 St. Louis Office Market Report
The St. Louis office sector began 2020 with positive momentum. However, the commercial real estate industry, along with the rest of the world, awaits the impact of COVID-19. The pandemic is influencing every aspect of daily life, both personal and professional. Commercial real estate advisors are working with landlords and occupiers to help them prepare and be in the best position possible when this crisis has passed. One of the big questions is, “What will be the new normal?” Q1 Highlights: The first quarter ended with slightly positive absorption. Overall office rents continue to inch upward as the direct average asking rent increased year-over-year by $0.17 to $20.70 per square foot (PSF). The St. Louis City office sector had a good quarter with both the Downtown Central Business District (CBD) and the Midtown submarkets posting healthy absorption numbers with Met Square and the Crescent accounting for most of the increase. The Clayton submarket remains the prime area for office space demand in the St. Louis region. Clayton Class A rents have increased by $2.48 PSF year-over-year to a historic high of $31.91 PSF. The Westport Class A submarket enjoyed the second largest gain in rental rates with an increase of $1.71 from the first quarter of 2019 to $23.39 PSF. Tenants making moves in the market include the marketing firm of CPG which moved into 26,000 SF at 200 North Broadway. Potter Electric more than doubled in size to 24,000 SF in the Earth City submarket at Riverport Lakes East. In Midtown, Arch Oncology moved into a new 20,000-SF scientific research lab and office space at the recently completed Crescent Building within the Cortex District.
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Apr 22, 2020
2020 Q1 Colliers St Louis Industrial Market Report
The St. Louis industrial market started 2020 strong with positive absorption, a healthy construction pipeline and a historically low vacancy rate. However, it is unclear what impact COVID-19 shutdown will have on the industrial sector. Nevertheless, the supply chain, especially for consumer goods, is working hard to keep up with demand. Until the stay-at-home orders have ceased and governments and companies figure out how to best operate in this environment, commercial real estate experts are working with occupiers and building owners to ensure that they can continue to operate when possible and be able to bounce back when able. COVID-19 will have a significant impact on the world, both in the short- and long-term. Already, the disruption to the supply chain has been immense. Domestic transportation has seen a surge in activity as demand spikes for inland trucking capacity so grocers and retailers can restock their shelves with critical goods amid the COVID-19 outbreak. Domestic distribution leaders, such as Amazon, are adjusting their operations focus on shipping the most critical supplies, including baby products, health and household, beauty and personal care, grocery, industrial and pet supplies. The reliance upon online shopping could have long-term implications on both retail stores and delivery systems.
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Mar 12, 2020
2019 Q4 Multifamily St. Louis Report Colliers
The St. Louis multifamily market ended 2019 on strong footing. Despite slight dip in the occupancy rate, the year ended at 95.6% occupied. Occupancy passed the 95% mark in the second quarter for the first time since 2001. The year also ended with cycle-high demand, absorbing 3,900 units during the year. This level was boosted by the positive job growth in the region. The improving economy pushed up demand, resulting in a 1.4-point increase in the occupancy rate year-over-year. This was the best year-over-year growth seen within the 50 largest markets in the U.S. According to the Department of Economic Development in Missouri, the state employment ranks grew by 37,100 jobs year-to-year in November. Of those jobs, 58% were in the St. Louis region. Healthcare remains a large economic driver with job growth in the Education & Health Services sector making up over 20% of the job gains in the market over the last five years. The Federal Reserve reported that the unemployment rate for the St. Louis region was 3% in November 2019. This is a slight rise from 2.7% in October of 2019 and 2.9% for November of 2018. However, the St. Louis market is still lower than the U.S. unemployment rate which ended the year at 3.5%. The increase in occupancy allowed building owners to increase rental rates. Since the end of 2018, rents increased by 3.1%, a rate that is higher than the national average increase. Class A assets in the St. Louis market experienced the highest rent growth after going through rent decreases in 2017. Looking ahead, the growth within the St. Louis market will be hard to replicate if the economy slows down in 2020. New supply is expected to remain at sustainable levels, which should allow owners to continue to benefit from rent growth. In the near future, a regional push towards a $15 minimum wage will likely have an effect on the market. The St. Louis City government raised the hourly wage for civilian city workers to $15 an hour in January 2020 in an effort to remain competitive and attract and retain a large workforce. The largest employer in the St. Louis region, BJC HealthCare with an employee workforce totaling over 31,000 people, announced that they will raise the minimum wage for their employees to $15 per hour by the end of 2021. This wage increase will impact more than 3,500 employees.
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