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2020 Q3 Retail Columbia Report

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Columbia retail adapts and gains resiliency amid pandemic

Key Takeaways

  • Several of the Columbia Bi-Lo grocery stores will be converted to Food Lion and Lowe’s by next summer.
  • Quick service restaurant facilities are evolving to keep up with customer needs.
  • Despite a rising vacancy rate in the Columbia retail market, positive retail activity is occurring.

Fast casual restaurants continue to adapt

Quick service restaurants were gaining sales momentum prior to COVID-19 due to speedy service, convenience and ongoing upgrades to food quality - beginning the trend from fast food to fast casual restaurants. Aesthetic changes and healthy option upgrades led to increased business velocity. Throughout the pandemic, adaptive quick service restaurants continue to thrive by adding curbside pick-up, call ahead ordering and delivery options. In addition, many are decreasing the indoor dining area square footage and adding extra drive-thrus or outdoor seating to provide an enhanced level of safety to diners. Furthermore, restaurant owners are looking to purchase existing buildings rather than constructing new restaurants due to rising construction prices and difficulty getting necessary construction materials. Suburban locations are popular for adding new stores so they are closer to residential areas where many people are still working remotely. 

 

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2020 Q3 Retail Columbia Report

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Related Experts

Rox Pollard

Vice President & Director of Retail Services Team

Columbia

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.

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Craig Waites

Managing Director

Columbia

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.

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Tripp Bradley

Vice President

Columbia

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.

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Danny Bonds

Senior Brokerage Associate

Columbia

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.

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