Colliers International releases fourth quarter 2018 market snapshots for Columbia
January 2, 2019
Retail market
Retail activity within the non-core Columbia submarkets outperformed core retail spaces during the fourth quarter of 2018, and the market absorbed 2,879 square feet overall. The Columbia retail rental rates were considerably higher during the fourth quarter of 2018 for the remaining availabilities and two new retail buildings were delivered to the Lexington submarket this quarter, which is a hotspot for retail investments.
Market statistics
| Change from Q3 2018 | ||
|
13,348,853 SF | — |
|
2,879 SF | — |
|
10.70% | Higher by 61 basis points |
|
— | — |
Columbia core statistics
| Change from Q3 2018 | ||
|
-52,079 SF | — |
|
5.80% | Higher by 81 basis points |
|
— | — |
Columbia non-core statistics
| Change from Q3 2018 | ||
|
54,958 SF | — |
|
14.94% | Higher by 34 basis points |
|
— | — |
Full market reports will be provided in the coming weeks with extensive, final data and more analysis. To receive these reports automatically via email, sign up on colliers.com.
About Colliers International
Colliers International | South Carolina has over 140 staff members, including 60 real estate professionals. Total brokerage volume in excess of $750 million for 2017, involving over 900 sales and leasing transactions. Colliers International is the largest manager of commercial property in South Carolina and is an Accredited Management Organization (AMO) through the Institute of Real Estate Management (IREM), with a portfolio at year-end 2017 of approximately 14 million square feet of office, industrial, retail and healthcare properties. Colliers International’s staff holds 46 professional designations, the most of any firm in South Carolina. Colliers | South Carolina’s affiliate, LCK, provides project and construction management services for new facilities and renovations across South Carolina.
Colliers International Group Inc. (NASDAQ: CIGI) (TSX: CIGI) is a top tier global real estate services and investment management company operating in 69 countries with a workforce of more than 13,000 professionals. Colliers is the fastest-growing publicly listed global real estate services and investment management company, with 2017 corporate revenues of $2.3 billion ($2.7 billion including affiliates). With an enterprising culture and significant employee ownership and control, Colliers professionals provide a full range of services to real estate occupiers, owners and investors worldwide, and through its investment management services platform, has more than $20 billion of assets under management from the world’s most respected institutional real estate investors.
Colliers professionals think differently, share great ideas and offer thoughtful and innovative advice to accelerate the success of its clients. Colliers has been ranked among the top 100 global outsourcing firms by the International Association of Outsourcing Professionals for 13 consecutive years, more than any other real estate services firm. Colliers is ranked the number one property manager in the world by Commercial Property Executive for two years in a row.
