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2021 Q3 Office Columbia Report

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Columbia anticipates an increase in office availabilities

Key Takeaways

  • Office activity was relatively flat this quarter
  • An increase in sublease space is anticipated by year-end

The Columbia office market did not feel the negative fallout from the pandemic to the extent that larger metro areas did. However, the market is seeing the same overall general trends, just at a slower rate and on a smaller scale. Many small Columbia businesses were able to survive using the Paycheck Protection Program assistance rolled out in 2020. That assistance allowed businesses to continue to operate and pay employees. It also prolonged any major decision-making processes regarding downsizing or sublease options. 

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2021 Q3 Office Columbia Report

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Related Experts

Henry Roe

Vice President

Columbia

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Tommy Johnson

Vice President

Columbia

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 specialize in consulting services, office leasing advisory and commercial property acquisition advisory. My expertise is in representing, or consulting for, local ownership entities, regional and national real estate investment trusts (REITs) and private equity funds. My goal is to provide guidance that assists in better business planning, strategic analysis and asset appreciation.

I believe it’s imperative to fully understand a client’s vision in order to help them meet both their short-term and long-term objectives. My goal is to listen closely and provide sound guidance.

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Mary Teaster

Senior Brokerage Associate

Columbia

My focus is local office brokerage, with a focus on tenant representation as well as buyer and seller representation. 

I have over 40 years of experience in the the Midlands business community and I strive to bring a positive attitude and passion for the area and its attributes. As a problem solver with “big picture” vision, my professional and personal strength is networking and establishing strong relationships. I possess extensive experience in working with small business owners, professionals and non-profit organizations.

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Crawford Prezioso

Senior Brokerage Associate

Columbia

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.

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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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