Columbia, SC – Colliers International in South Carolina has released a snapshot of its second quarter preliminary data for the office, industrial and retail markets in Columbia.

Office market

Market statistics

    Change from Q1 2018
  • Market inventory:
16,187,496 SF --
  • Quarterly absorption:
6,445 SF --
  • Market vacancy rate:
11.72% Lower by 4 basis points
  • Average weighted rental rate:
$16.39 Higher by 0.12%

Columbia CBD statistics

    Change from Q1 2018
  • Quarterly absorption:
11,152 SF --
  • Market vacancy rate:
11.36% Lower by 20 basis points
  • Average weighted rental rate:
$20.48 Higher by 4.60%

Columbia suburban statistics

    Change from Q1 2018
  • Quarterly absorption:
-4,707 SF --
  • Market vacancy rate:
11.92% Higher by 5 basis points
  • Average weighted rental rate:
$14.76 Lower by 0.34%

Industrial market

Market statistics

    Change from Q1 2018
  • Market inventory:
68,204,987 SF --
  • Quarterly absorption:
162,573 SF --
  • Market vacancy rate:
8.73% Lower by 23 basis points
  • Average weighted rental rate:
$3.75 Higher by 5.63%

Columbia flex/R&D statistics

    Change from Q1 2018
  • Quarterly absorption:
-22,299 SF --
  • Market vacancy rate:
14.74% Higher by 95 basis points
  • Average weighted rental rate:
$9.09 Higher by 3.06%

Columbia manufacturing statistics

    Change from Q1 2018
  • Quarterly absorption:
75,186 SF --
  • Market vacancy rate:
9.26% Lower by 33 basis points
  • Average weighted rental rate:
$2.89 Lower by 1.03%

Columbia warehouse statistics

    Change from Q1 2018
  • Quarterly absorption:
109,686 SF --
  • Market vacancy rate:
8.13% Lower by 23 basis points
  • Average weighted rental rate:
$3.67 Higher by 4.56%

Retail market

Market statistics

    Change from Q1 2018
  • Market inventory:
13,137,317 SF --
  • Quarterly absorption:
113,433 SF --
  • Market vacancy rate:
10.29% Higher by 59 basis points
  • Average weighted rental rate:
$13.84 Higher by 3.44%

Columbia core statistics

    Change from Q1 2018
  • Quarterly absorption:
-24,904 SF --
  • Market vacancy rate:
5.56% Lower by 57 basis points
  • Average weighted rental rate:
$20.36 Lower by 2.30%

Columbia non-core statistics

    Change from Q1 2018
  • Quarterly absorption:
138,338 SF --
  • Market vacancy rate:
14.48% Higher by 163 basis points
  • Average weighted rental rate:
$11.94 Higher by 6.51%

Full market reports will be provided in the coming weeks with extensive, final data and more analysis. To receive these reports automatically via email, sign up here.