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2020 Parking Columbia Report

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Columbia employees keep their parking spaces during the pandemic

Key Takeaways

  • Columbia, S.C.’s occupancy rate for parking garages in the Central Business District remains high at 81.62%.
  • Despite not using their parking spaces during the pandemic, many employees are unwilling to give up their spots due to high demand.
  • It may be next year before it is apparent the way Columbia parking options will change in relation to COVID-19. 

Downtown Parking Conditions 
The Columbia market parking vacancy rate remains relatively stable during the 2020 COVID-19 pandemic. The overall parking garage occupancy rate decreased only slightly year over year from 83.86% during the second quarter of 2019 to 81.62% during the second quarter of 2020. Unlike larger cities, many commuters drive their personal vehicles to work in lieu of public transportation; therefore, the demand for parking in Columbia has remained stable.  For this reason, many employees working remotely during the Coronavirus quarantine are not ready to give up their leased and possibly reserved parking spaces in downtown Columbia.  Thru the second half of 2020, we may begin to see some companies or their employees reducing control of their parking spaces if their plans are to continue remote working. 

 

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2020 Parking Columbia Report

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David Lockwood

Executive Vice President and COO | South Carolina

Columbia

I have a great appreciation for business competition and enjoy helping our team members win. This has been relevant in my career in brokerage activities with our clients and now with my approach to management. I enjoy seeing the success of people within Colliers who apply a strong work ethic and perservere to win assignments. I possess a strong passion for helping our clients achieve their goals whether it is in leasing space or determining solutions to complicated real estate matters. 

I am very active in numerous real estate organizations. I am a South Carolina Real Estate Commissioner. I am currently the Vice President of SIOR Global and will assume the role of President-Elect in October 2022.

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