Most Columbia office leases are 5,000 SF or less
Key Takeaways
- Most office leases in Columbia are less than 5,000 square feet
- Following a period of indecision, the Columbia market is starting to see effects of tenants resizing post pandemic
Large office tenants in the Columbia market are few and far between. The overall Class A vacancy rate in the Central Business District is 9.73% leaving little opportunity for 10,000+ square feet to locate to the Columbia downtown market in a high-quality space. Over the past six years, 87% of the total 1,689 office transactions were 5,000 square feet or less.
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