Feb
05

Grubb & Ellis Forecasts Mixed Bag for Columbia

By
– Columbia Regional Business Report

Although the Columbia office market saw a positive absorption in 2008, other area real estate markets experienced higher vacancy levels, and the trend is expected to continue into 2009, according to a report from commercial real estate company Grubb & Ellis.

Class “A” vacancy rates declined to 11.25% in the Columbia office market. The suburban markets fared just as well, with smaller transactions appealing to companies looking for affordable office space.

Pre-leasing has been effective in getting new projects under way with the new office tower under construction on Main Street, the University of South Carolina’s Horizon II building and the new Southern First Bank building.

ARTICLE SHORTENED DUE TO LENGTH….

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