2020 Q2 Retail Columbia Report

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Columbia retail vacancies provide new opportunities

Key Takeaways

  • Some retailers closed their doors this quarter, however, some had been struggling prior to the COVID-19 loss of business. 
  • Retailers are altering their shops and restaurants in order to provide a safe environment and positive experience for all consumers.
  • Columbia retail vacancies are lower and rental rates are higher than they were one year ago-prior to the Coronavirus.

Providing new options for customers

In an attempt to continue conducting business throughout the pandemic, many restaurants now have opened for indoor business but with only half of the tables available for seating to customers. In addition, parking lots are often partially blocked off to accommodate outdoor seating. Online websites have been updated for ease of use and walk-up or drive-thru options have been implemented in order to enhance productiveness and to provide options for all clientele.

Retailers are spacing out their indoor merchandise and having sidewalk sales so customers are able to shop in person. However, fitting rooms are mostly unavailable, but return policies have been relaxed in order to raise the customer comfort level regarding “buying before trying.” Businesses are also limiting the number of shoppers at one time, setting up sanitizing stations and reinforcing mandatory masks upon entering the establishment in order to provide a safe environment and positive experience for all shoppers.

 

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Greenville retail report

2020 Q2 Retail Columbia Report

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Related Experts

Rox Pollard

Vice President & Director of Retail Services Team

Columbia

As Vice President and Director of the Retail Services Team for Colliers International | South Carolina, I specialize in the sale, leasing and development consultation of retail properties across the state. I manage the retail team, which delivers retail brokerage and consultation services to clients through Colliers’ three South Carolina offices. 

I pride myself in my ability to maintain excellent communication with my clients throughout the entire real estate process and even after a transaction is completed. I find that success in my work is defined by making sure that when it is all said and done my clients had an enjoyable and profitable experience. I consider my relationship with my clients as a partnership where I help them achieve their goals.

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Tripp Bradley

Vice President

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I am a Vice President with Colliers International - South Carolina with a focus on retail land and site selection brokerage. I assess the needs of my clients, analyze the market for opportunities and guide them through the decision-making process that results in the selection of the best locations for their business. Typically, this requires attention to location, visibility, ingress/egress, pricing, zoning, signage, individual market trends, market footprints and overall feasibility, among many other factors that are important and unique to each client.

My number one priority is delivering the best service to my clients. I pride myself in being an asset in finding a solution to a client’s need and define my own success through the success of my clients.

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Craig Waites

Vice President & Director of Commercial Brokerage Team

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I am a Vice President of Colliers International | South Carolina as well as the Director of the Commercial Brokerage Group. I have been with Colliers since 1995, specializing in site selection, land brokerage and the sale of retail/owner-occupied properties. I have completed over 380 transactions with a cumulative value in excess of $295 million.

My niche and expertise are in land planning and the entitlement process, having coordinated numerous zoning efforts, permitting processes and developmental meetings, with municipalities and the SCDOT.

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Danny Bonds

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As a Senior Brokerage Associate for Colliers International | South Carolina, I specialize in the leasing of neighborhood shopping centers. I am a member of the Colliers Retail Services Team and am responsible for increasing the Colliers retail portfolio in South Carolina. I strive to always do the best that I can, no matter the size of a deal, and I am motivated to continue to do so by exceeding my clients’ expectations. 

I find that working with retail, a brokerage associate must be knowledgeable in recognizing a client’s needs as well as the trends of the market. I believe that I offer valuable insight into the market, excellent communication and the ability to read situations well.

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