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2021 Q1 Office Columbia Report

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Columbia office market is healthy, despite the pandemic

Key Takeaways

  • Corporate employers likely to reduce office footprint
  • Local and regional employees return to offices
  • Rental rates remain constant
  • Tenants still unwilling to make long-term commitments 
  • In-person office tours increase

The Columbia office market is healthy despite some softening in the market. As the distribution of the COVID-19 vaccine continues, more employees are returning to the workplace. Coupled with substantial inward migration during 2020, demand should expand the need for additional office space, increasing absorption and eventually forcing the overall vacancy rate downward.

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2021 Q1 Office Columbia Report

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Related Experts

Henry Roe

Vice President

Columbia

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Tommy Johnson

Vice President

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I am a Vice President of Colliers International | South Carolina.  I have been with Colliers since 2003 with my primary focus on office properties. My principal concentration is representing landlords of multi-tenant office buildings. I also consult with and represent clients requiring assistance with the buying, leasing and selling of office properties.

As a very analytical person, I strive to understand the details of each client’s unique goals and objectives to maximize the value and effectiveness of my clients’ real estate decisions through the in-depth review of market data and analytical models. I enjoy solving problems and finding creative ways to help my clients win. 
 

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Allen Wilkerson

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I believe it’s imperative to fully understand a client’s vision to help them meet both their short-term and long-term objectives. Listening closely and providing appropriate guidance is one of the most important facets of commercial real estate.

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Mary Teaster

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I have over 40 years of experience in the Richland and Lexington county business community and I strive to bring a positive attitude and passion for the Columbia area and its attributes. As a problem solver with “big picture” vision, I have a reputation of providing considerate and thoughtful service to a multitude of clients. My professional and personal strength is networking and developing relationships. I possess extensive experience in working with small business owners, professional service providers and non-profits.

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Crawford Prezioso

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As a Brokerage Associate for Colliers International | South Carolina, my role is to represent owners, landlords, users and tenants in the leasing, sale and disposition of commercial properties throughout Columbia and central South Carolina. My knowledge of the local Columbia market comes from a lifetime of living and growing in this community, then working with clients across the city and region. I have seen this city grow before my eyes and am excited for where it will grow next.

With my background in business development and management, I understand the unique challenges and pain points that business owners face. My job is to advise and counsel you on your real estate decisions so that they align, support and advance your business goals. Clients rely on me to walk them through the real estate process and understand what comes next, and I ensure that you can trust me by remaining honest, transparent and accountable at all stages of my relationship with clients.

I am very involved in the lacrosse community in Columbia. For the past few years, I have volunteered my time as the Offensive Coordinator of the Men’s Club Lacrosse Team at the University of South Carolina, where I myself played while in college. I have also previously volunteered with Heathwood Hall’s lacrosse program.

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Tommy Tapp

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As a Senior Brokerage Associate with Colliers International | South Carolina, my primary areas of expertise are in the leasing and sales of office, retail and user properties. My focus is on my clients, representing them with their acquisition, disposition and leasing needs.

My number one priority is making sure that my client’s needs are being met. As someone who understands the demands of being a business owner, I can relate to the challenges they face and help them reach their real estate objectives. It is interesting to learn about the different businesses in the market and assist my clients in realizing their dreams through smart real estate decisions.

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