Skip to main content Skip to footer

2019 Q4 Retail Columbia Report

Download Report

Entertainment, health and wellness boost Columbia retail occupancy

Key Takeaways

  • The Columbia shopping center market absorbed 82,026 square feet during the fourth quarter of 2019; non-core retail space absorbed 30,059 square feet, while core retail shops absorbed 51,967 square feet. 
  • Shops catering to entertainment and healthy living are driving Columbia’s positive retail absorption.
  • Urban retail affords opportunities for new retailers to locate to the area, and there are expansion options available throughout Columbia shopping centers.

2019 Retail Annual Recap

Over the past year the Columbia retail market absorbed 179,431 square feet. Non-core shops absorbed 126,267 square feet and the majority of absorption was disbursed among several shops ranging from 2,000 square feet to 10,000 square feet. Core retail shops absorbed 53,164 square feet from the fourth quarter of 2018 through the fourth quarter of 2019.  Positive absorption was driven mostly by entertainment and healthy living- Planet Fitness leased space at The Crossings Shopping Center and Greenwise Market moved into the Lexington Marketplace. In addition, this year a movie theater was added in the northeast next to The Meeting Place Church at 201 Columbia Mall Drive. Some of the larger negative absorption was due to Hobby Lobby and Fallas leaving East Pointe Shopping Center and Home Decor Outlets leaving Danwood Shopping Center (although Home Decor Outlets is moving to a new location and will likely create positive absorption by the first quarter of 2020). 

The overall Columbia retail vacancy rate was 112 basis points lower than it was one year ago, it decreased from 10.70% during the fourth quarter of 2018 to 9.58% during the fourth quarter of 2019. Core shopping center space vacancy rate was 86 basis points less, while non-core vacancy was lower by 136 basis points. Average rental rates were less at the end of 2019 due to fewer available leasable spaces remaining in the market, and the fact the spaces that are currently available are of less quality than previous availabilities. 


Download pdf

Download the full report

For more information, including the market summary statistics, download the full research report.

Download report

2019 Q4 Retail Columbia Report

Download Report
Related Experts

Rox Pollard

Vice President & Director of Retail Services Team


I specialize in the sale, leasing, and development consultation of retail properties across the state.  I manage the Colliers SC Retail Team, which delivers retail brokerage and consultation services to clients through Colliers’ four South Carolina offices. 

I pride myself in my ability to maintain excellent communication with my clients throughout the entire real estate process and even after a transaction is completed.  I find that success in my work is defined by making sure that when it is all said and done my clients had an enjoyable and profitable experience.  I consider my relationship with my clients as a partnership to help them achieve their goals.

View expert

Tripp Bradley

Vice President


I focus on retail land and site selection brokerage. I assess the needs of my clients, analyze the market for opportunities and guide them through the decision-making process that results in the selection of the best locations for their business. Typically, this requires attention to location, visibility, ingress/egress, pricing, zoning, signage, individual market trends, market footprints and overall feasibility, among many other factors that are important and unique to each client.

My number one priority is delivering the best service to my clients. I pride myself in being an asset in finding a solution to a client’s need and define my own success through the success of my clients.

View expert

Craig Waites

Managing Director


I have been with Colliers since 1995, specializing in site selection, land brokerage and the sale of retail/owner-occupied properties. I have completed over 425 transactions with a cumulative value of $350 million.

My niche and expertise are in land valuation, planning and the entitlement process in order to enhance value for land owners. I have extensive zoning efforts, permitting, consultation and predevelopment issues associated with area muncipalities and the South Carolina Department of Transportation.Transportation.

View expert

Danny Bonds

Senior Brokerage Associate


As a Senior Brokerage Associate for Colliers International | South Carolina, I specialize in the leasing of neighborhood shopping centers. I am a member of the Colliers Retail Services Team and am responsible for increasing the Colliers retail portfolio in South Carolina. I strive to always do the best that I can, no matter the size of a deal, and I am motivated to continue to do so by exceeding my clients’ expectations. 

I find that working with retail, a brokerage associate must be knowledgeable in recognizing a client’s needs as well as the trends of the market. I believe that I offer valuable insight into the market, excellent communication and the ability to read situations well.

View expert