Wilson Kibler releases 2023 Q2 Columbia Industrial Report
July 31, 2023 | Uncategorized
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.