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The Columbia industrial market faces an increasingly urgent inventory crunch as more than half of available Class A space has been absorbed in 2025, largely with long-term leases, according to a 2025 Q3 Columbia Industrial Report from Colliers.
Class A warehouse rents have surged nearly 15 percent year-over-year, driven by strong demand and the lack of deliveries, Colliers said.
It said that by early 2026, over four million square feet will be under construction, all build-to-suit, a testament to users’ interest in growing within the Columbia market.
Colliers said Class A warehouse rents have surged nearly 15 percent year-over-year, driven by strong demand and the lack of deliveries.
By early 2026, over four million square feet will be under construction, all build-to-suit, a testament to users’ interest in growing within the Columbia market, Colliers said.
It said Scout Motors’ arrival as a new anchor has positioned Columbia as a new opportunity for automotive suppliers, drawn by proximity to multiple OEMs and a fast-growing labor pool as year-over-year job growth ranked among the nation’s top five through August.
To sustain momentum through 2026 and into 2027, new speculative starts will be critical, Colliers said.
It added inventory quality poses challenges across the market as many vacant properties offer outdated construction, presenting redevelopment opportunities at functionally obsolete manufacturing sites with heavy power.
Total inventory grew by 33,840 square feet to 79,367,976 square feet, while 311,382 square feet of net absorption lowered vacancy to 5.07 percent.
Asking rents continued to rise, reaching $6.15 overall and $6.91 for all Class A warehouse space.
In all, 1,928,020 square feet are under construction, expected to grow significantly in Q4 with additional build-to-suit starts.
Healthy demand for office space in Columbia propels rent growth to levels comparable with Greenville and Charleston over the past year according to a 25Q3 report from Colliers. Read More »
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