Category: Industrial

Wilson Kibler releases 2023 Q2 Columbia Industrial Report

Posted on by Catie McGovern

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.

Click here to view Q2 Columbia Industrial Report

Wilson Kibler releases 2023 Q1 Columbia Industrial Report

Posted on by Catie McGovern

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.

Click here to view Q1 Columbia Industrial Report

Wilson Kibler releases 2022 Q4 Columbia Industrial Report

Posted on by Catie McGovern

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.

Click here to view Q4 Columbia Industrial Report

Wilson Kibler releases 2022 Q3 Industrial Report

Posted on by Catie McGovern

The overall vacancy rate in the Columbia industrial market holds steady at 3.3% compared to 3.2% in the previous quarter.

Average asking rental rates have continued to rise due to heightened demand and increasing construction costs. The $4.52/SF average sits approximately $1.00 to $1.50 below many of Wilson Kibler’s listings.

Click here to view full report.

Wilson Kibler releases Q4 2021 Columbia Industrial Report

Posted on by Alyse Howard

The overall vacancy rate in the Columbia industrial market holds steady at 4.3% compared to 4.2% in the previous quarter.

Average asking rental rates were also largely unchanged this quarter at $4.33/SF, but many forecasts predict an increase moving forward due to heightened demand and increasing construction costs. The Society of Office and Industrial Realtors (SIOR) recently predicted rents could rise anywhere from 15 to 40 percent in the next 18 months.

Three industrial buildings totaling ±193,940 SF are currently under construction in the Columbia market. The largest project is ±181,440 SF warehouse building in the Lexington County Industrial Park, home to Unum, Husqvarna, and the Home Depot. CED Greentech, one of the nation’s leading solar equipment distributors, leased ±68,040 SF ahead of the building’s expected delivery in first-quarter 2022 and ±113,400 SF remains available.

Click here to view the full report.