Colliers Report: South Carolina Retail Market Q1 2025
June 12, 2025
Colliers | South Carolina Market Report
Stability holds for strong SC retail market
Market Highlights
A combination of national retail bankruptcies, low availability of quality inventory and declining consumer confidence met strong population growth rates to maintain an uneasy stability for South Carolina’s retail market in the first quarter. The construction pipeline remains robust at 644,681 square feet in tracked retail nodes, driven by a combination of outward population expansion and redevelopment of legacy indoor mall sites.
Continue reading the full report.
Key Takeaways
- Rent growth is stalling, while new construction is offering growing tenant improvement allowances
- Market fundamentals remain healthy despite exogenous headwinds
- Low cap rate spreads and rising uncertainty drastically slowing acquisition activity from the highs of recent years
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.
