Colliers Report: Columbia Retail Market Q2 2025

Colliers | South Carolina Market Report

Vacancy approaches bottom despite national headwinds

Market Highlights

The Columbia retail market held steady, experiencing solid net absorption even as consumer confidence begins to show cracks and macroeconomic indicators soften. Urban Air Adventure Park’s lease of approximately 62,000 square feet at Columbiana Centre in Harbison removed the single largest vacancy from the market while highlighting continued demand for entertainment-centric offerings as consumers seek new third places.

Continue reading the full report.

Key Takeaways

• Velocity slowing as consumer sentiment wavers and construction costs generate decision-making hesitancy
• Entertainment-centric retail continues to thrive with Urban Air’s 62,000 SF lease in Harbison headlining new deals
• Anchor and junior anchor vacancies remain near rock bottom levels

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.