Wilson Kibler releases 2023 Q1 Columbia Industrial Report
April 27, 2023 | Columbia
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.