Q1 2025 Market Reports
Industrial
Columbia’s slower population growth and a less dynamic economy have kept speculative industrial construction levels lower than in-state rivals such as Charleston and Greenville. Compared to historical levels, however, the Columbia market concluded its third consecutive year of record deliveries in 2024.
View full Industrial Report here
Office
Market fundamentals in the Columbia office sector have stabilized through Q1 2025. A handful of move-ins, combined with growing leasing activity, helped the market end 2024 with positive absorption. Combined with limited new supply, the recovering absorption kept office vacancies here below the national average.
Retail
While availability rates remain near record lows, Columbia’s retail market is showing signs of deterioration heading into Q2 2025. Retail absorption over the past year has been essentially flat, and the vacancy rate has remained stable in spite of the removal of substantial blocks of obsolete inventory. The market’s availability rate of 4.1% remains below the 2020 peak of 6% but higher than other regional markets.
