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Author: Catie McGovern
Wilson Kibler Releases Q3 2024 Industrial Report
See how the surrounding markets have helped benefit the midlands industrial market.
Wilson Kibler Releases Q2 2024 Industrial Report
The industrial market in Columbia is resilient. We are still seeing solid activity and the vacancy rate is way below the national average.
Wilson Kibler Releases Q1 2024 Industrial Report
The Industrial market is starting to feel a decline from the post-pandemic record highs. The Columbia Market is showing less concern for a huge loss and can potentially show a leveling out to pre-pandemic numbers.
View Q1 2024 Industrial Report
Wilson Kibler Releases 2023 Q4 Columbia Industrial Report
Our market is changing as we wrap up the end of 2023 and head into 2024. We are seeing a decline in the market from the record-high years of 2021-2022. Columbia is returning to the stable growth we originally saw pre-pandemic, and has hit similar activity volumes of 2019.
Lee Bussell Represents Buyer in $7 Million Sale at 501 Spears Creek Church Road
Southeastern Esthetics Institute purchased 501 Spears Creek Church Road—the ±150,000 SF building in Elgin, SC which was previously the Verizon Call Center. SEEI was represented by Lee Bussel of Wilson Kibler Commercial Real Estate in the transaction. The building will become the new home for Southeastern Esthetics Institute, formerly on Main Street in Columbia.
Lee Bussell, Senior Associate says, “This is exciting news for the Northeast and puts a vacant property back in use with the school’s staff and students. Owners Brandon and Courtney Sykes are committed to delivering a top-notch education for their students and they’ve found the perfect location to achieve their goal”.
Wilson Kibler releases 2023 Q3 Columbia Industrial Report
The Industrial market in Columbia remains strong with only a 3.7% vacancy rate. There are many buyers and tenants however that are slow to pull the trigger. This is likely because the buyers and tenants are still adjusting to higher rents and values.
The Q3 vacancy rates are reaching historic lows for the Columbia Market, making it more difficult for buyers and tenants to find inventory.
Wilson Kibler releases 2023 Q2 Columbia Industrial Report
The Industrial market in Columbia remains tight; however, we are feeling some slack in the demand for leased space that could just be the dog days of summer, and hopefully tenants will get rolling again as school starts back soon. There are many buyers still looking and can’t find their desired facility.
In Q2 the vacancy rate in the Columbia Market lowered slightly to 4.6%. The vacancy rate has plateaued in recent quarters making it difficult on buyers to find inventory, therefore raising sales prices and rental rates.
Wilson Kibler releases 2023 Q1 Columbia Industrial Report
In Q1 overall vacancy rate remained nearly the same as Q4 2022 at 4.0% but is still below the national average of 4.5%. Q1 also had 217,013 SF of positive net absorption.
Q1 saw 259,800 SF of new construction breaking ground, adding to the total of 2,008,482 SF of Industrial and Flex property currently under construction in the Columbia market. Deliveries totaled 457,600 SF in Q1.
Wilson Kibler releases 2022 Q4 Columbia Industrial Report
In Q4 the overall vacancy rate in the Columbia industrial market holds rose slightly to 3.6%. Q4 saw a negative absorption of 137,198 SF, the only net negative absorption the Columbia Industrial sector had seen in the Columbia Market in 2022. The three previous quarters all saw a positive absorption, which combined for a net positive total of 1,801,773 SF.