Colliers Report: Columbia Office Market Q2 2025

Suburban leasing accelerates as vacancy dips below 12%

Market Highlights

The Columbia market saw leasing volume solidify as tenants begin to absorb larger blocks of space made available by post-Covid lease expirations. Notably, Northeast Richland County saw renewed activity after several quiet quarters as over 85,000 square feet of new leases signed in Q2 concentrated along the rapidly-growing I-77 and I-20 corridors. A lack of 4,000+ SF availabilities in the well-located St. Andrews submarket (the primary suburban alternative) is a contributing factor to growth in the Northeast as tenants seek easy access to updated Class A and B space.

Continue reading the full report.

Key Takeaways

• Northeast Richland saw significant leasing for the first time in several quarters
• Leasing volume remained strong despite the return of shadow spaces to the market
• Suburban Class A rent growth accelerated due to limited inventory and tenant expansions

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 annual revenues exceeding $4.8 billion, a team of 23,000 professionals and $99 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.