Colliers Report: South Carolina Healthcare Market Q1 2025

Colliers | South Carolina Market Report

Consolidation bolsters single-tenant healthcare space demand

Market Highlights

Amidst an ongoing population boom across the state’s major metropolitan areas, demand for healthcare space remains strong but increasingly centralized within major healthcare systems. Rents declined slightly as remaining inventory skews older and less well-located. Consolidation has pulled independent practices into new, often repeatably designed multi-tenant medical office buildings developed by hospital systems while small single-tenant properties remain active targets for both leasing and owner-user sales.

Continue reading the full report.

Key Takeaways

• Hospital system-led construction is accelerating demand for smaller single-tenant spaces
• Medical demand for retail space is sparking a new trend of small, flexible office/retail/medical construction
• A wave of deliveries throughout 2025 will create needed liquidity to meet demand from growing population

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.