Colliers Report: South Carolina Retail Market Q2 2025
October 9, 2025
Colliers | South Carolina Market Report
Retail market shows signs of easing after breakneck pace
Market Highlights
After several years of robust demand and consistently low vacancy, retail markets across South Carolina began to show modest signs of softening as leasing slowed and larger vacancies opened by bankruptcies in prior quarters were slower to backfill. Despite this, the market remains healthy as vacancy remains low overall and rents are rising with coastal markets seeing the greatest gains. South Carolina’s resilient economy has weathered national economic headwinds thus far, posting the nation’s highest year-over-year GDP growth at 1.7%.
Continue reading the full report.
Key Takeaways
- Fresh vacancies in high-growth coastal markets are unlocking higher asking rents exceeding $5 premium over prior lease
- Economic headwinds and natural turnover cycle after 2022 boom combined to minimize net absorption
- Renovation and redevelopment offering value as most markets are increasingly land-constrained
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.
