Colliers Report: Columbia Office Market Q2 2026

Colliers | South Carolina Market Report

Beginnings of renewed investment activity emerge as market remains stable.

Market Highlights

The Columbia market recorded several notable sales this quarter, reflecting solid demand and continued interest in redevelopment and repositioning opportunities. The sale of 1441 Main marked the first major central business district office sale since COVID, underscoring a slowly-returning national appetite for office investment as local fundamentals exceed pre-2020 baselines.

Continue reading the full report.

Market Trends

• 1441 Main St.’s sale marked the first major CBD investment sale since 2020, highlighting strong Class A fundamentals. With many downtown owners reaching extended hold periods, more activity may unlock as space remains tight and investors seek to reallocate funds.
• Buyers are increasingly seeking redevelopment and repositioning opportunities, reflecting a continued environment of wariness among national office investors.
• Few full-floor Class A opportunities remain in the CBD as downtown Class A vacancy hovers at 2.61%, driving a growing need for new construction.
• Class C properties continue to shed occupancy, with vacancy rates four times that of Class A space, as quality space drives talent attraction.

About Colliers

Colliers | South Carolina is the largest full-service commercial real estate firm in South Carolina with an annual transaction volume of $1.5 billion. The firm has 225 real estate professionals covering the state with locations in Charleston, Columbia, Greenville and Spartanburg. Colliers is the largest manager of commercial real estate properties in South Carolina with a portfolio of over 31 million square feet of office, industrial, retail and healthcare properties. Colliers | South Carolina’s sister company, LCK, provides project management services across the Southeast and beyond with an annual project value of $1.3 billion. LCK helps clients maximize the value of their development projects while remaining on schedule and within budget. Colliers and LCK staff hold more professional designations than any other commercial real estate firm in 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 $5.5 billion in annual revenues, a team of 24,000 professionals, and $108 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