Colliers Report: Columbia Office Market Q4 2025
January 21, 2026
Colliers | South Carolina Market Report
Tenants continue flight to quality as moveouts mask momentumÂ
Market Highlights
The Columbia market saw healthy demand for the market’s highest-quality spaces, even as fourth-quarter moveouts generated the market’s first negative quarter of absorption since early 2024. Class A properties posted 84,673 square feet of gains as overall Class A asking rents reached a record high at $29.41, driven by tenants focused on downtown properties as CBD Class A vacancy fell to just 5.29%. Simultaneously, the October sale of 1441 Main St. was the market’s most notable downtown transaction in several years, opening a window for residential and structured parking development on its attached surface lots.
Continue reading the full report.
Key Takeaways
- Tenants continue to pursue higher-quality space, but Class A vacancy is dwindling and rents are growing
- The conclusion of a short-term lease at the former Seibels headquarters clears a path towards potential conversion
- Negative absorption in Q4 concentrated entirely in Class B and C space while overall momentum remains solid
About Colliers
Colliers | South Carolina is the largest full-service commercial real estate firm in South Carolina with 66 licensed real estate professionals covering the state with locations in Charleston, Columbia, Greenville and Spartanburg. Colliers is an Accredited Management Organization (AMO) through the Institute of Real Estate Management (IREM) and is the largest manager of commercial real estate properties in South Carolina with a portfolio of over 26 million square feet of office, industrial, retail and healthcare properties. Colliers’ staff hold the most professional designations of any firm in South Carolina. Colliers | South Carolina’s partner, LCK, provides project management services for new facilities and renovations across South Carolina.
Colliers is a global diversified professional services and investment management company. Operating through three industry-leading platforms – Real Estate Services, Engineering and Investment Management – we have a proven business model, an enterprising culture and a unique partnership philosophy that drives growth and value creation. With over $5.0 billion in annual revenues, a team of 24,000 professionals, and more than $100 billion in assets under management, Colliers remains committed to accelerating the success of our clients, investors and people worldwide. Learn more at corporate.colliers.com, X @Colliers or LinkedIn.
