Colliers Report: Columbia Office Market Q1 2026

Colliers | South Carolina Market Report

Class A properties are thriving in an increasingly bifurcated market. 

Market Highlights

The Columbia market began 2026 with demand increasingly bifurcating between building classes as tenants target high-quality spaces that support talent attraction and retention efforts. Class A properties continue to thrive, driving accelerating rent growth as the market saw its first $40.00 PSF asking rent at 1221 Main. Strong tenant demand has been met by sharply constrained availability, as CBD Class A vacancy sits at just 3.46% and overall Class A vacancy remains below 5.5%.

Continue reading the full report.

Market Trends

• Tenants’ desire to attract and retain talent is driving robust demand for Class A CBD space as asking rents rose 22% year-over-year.
• Class C properties continue to face a challenged path forward, comprising the vast majority of large-scale moveouts over the past year and anchoring overall weighted asking rents.
• Class A spaces are experiencing strong rent growth, with the market seeing its first $40.00 PSF asking rent, but inventory is severely constrained.
• AMAROK Security’s headquarters announcement marks the second such recent project as tenants are unable to find significant blocks of Class A space.

About Colliers

Colliers | South Carolina is the largest full-service commercial real estate firm in South Carolina with 225 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 31 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 $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