Q2 2025 Market Reports
Industrial
“With speculative construction deliveries tapering off, though several planned projects are in the pipeline, and build-to-suit projects a key component of new deliveries, demand is tightening for move-in-ready space, particularly single-tenant buildings in the 20,000 to 50,000 SF range. Scout Motors’ continued development and supplier activity are expected to boost absorption in the near term, though limited availability may present challenges for tenants needing immediate occupancy.” – Tristan Lee | Brokerage Associate | NAI Columbia
View full Industrial Report here
Office
“The office market in the midlands continues to evolve, driven by the much needed evolution of business-friendly policies, realization of quality investment opportunities, and an influx of companies seeking strategic locations in the Southeast. While demand is adapting to hybrid work trends, key markets like Columbia, Charleston, and Greenville remain resilient with stable occupancy rates and increasing interest from both public and private sector tenants.” – Jeff Hein, SIOR | Shareholder | NAI Columbia
Retail
“Q2 was a solid quarter for Columbia’s retail market. Vacancy stayed low, rents continued to climb, and new construction was limited but heavily preleased – showing that demand is still there for the right product. While national closures put some pressure on older big box space, well-located centers continue to perform. Heading into Q3, we expect more of the same: stable
fundamentals, strong tenant interest in new deliveries, and continued rent growth in core corridors. Columbia’s affordability and steady consumer base make it a reliable market in a time when others are seeing more volatility.” – Noah Moore | Brokerage Associate | NAI Columbia
