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2022 Q1 Retail Columbia Report

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Smaller footprints are driving Columbia restaurant transactions

Key Takeaways

  • Small efficient restaurants topped restaurant transactions during the first quarter of 2022
  • Columbia retail vacancy rates have steadily decreased over the past year from 5.66% to 3.17%

Quick service and fast-casual restaurant concepts are seeing a greater focus on drive-through service and a lower demand for indoor dining  causing quick service and fast-casual restaurant tenants to opt for smaller store sizes. Despite the current service industry labor shortage, smaller restaurants are thriving. Success is not dependent upon the type of food.

 

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2022 Q1 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 450 transactions with a cumulative value in excess 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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John Gressette

Brokerage Associate

Columbia

As a Brokerage Associate, I work with tenants, landlords, sellers and purchasers to lease, purchase and sell retail properties of all sizes and am responsible for increasing the Colliers retail portfolio in South Carolina. I work closesly with team members Rox Pollard and Danny Bonds and am a member of the Colliers | South Carolina Retail Services Team.

Columbia is primed for economic growth; our team is focused on bringing vital businesses to the area and helping local businesses take advantage of the opportunities here through advanced data analytics and creative solutions.

I am constantly seeking to make new connections and I enjoy meeting new people every day in the commercial real estate business. I enjoy developing strong, lasting relationships that extend far beyond a transaction.

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