Colliers Report: Retail market healthier than pre-pandemic
September 16, 2021
Commercial Real Estate Research & Forecast Report
Q2 2021 South Carolina Retail
Market Highlights
During the second quarter of 2021, the vacancy rate dropped to 5.73% which is approaching the pre-pandemic vacancy rate of 5.42%. Shop success was led by service-oriented shops throughout the state; the South Carolina retail markets absorbed 184,875 square feet of space this quarter.
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Key Takeaways
- Most retail activity was concentrated in service-oriented establishments
- Shoppers return to in-store shopping
- Fast food and gas stations with convenience stores are aggressively expanding
Emerging Trends
Despite several shops closing throughout the pandemic, the overall South Carolina retail market is on the rebound and a vibrant location for retailers. As always, increased activity is expected through the holiday months.
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