Oct
15

3Q of 2009 Brought Mixed Results for the Office Market in Columbia

By
– Midlandsbiz.com

The third quarter of 2009 brought mixed results for the office market in Columbia, South Carolina. After two straight quarters of negative absorption, the market began to stabilize during the third quarter as new tenants entered the suburban markets. However, during this same period the Central Business District’s largest tenant, SCANA Corporation, began the relocation process from the Palmetto Center to its newly constructed campus in the Cayce submarket.

New activity in the third quarter was centered around non-traditional office users. Several larger tenants leased space in what may be referred to as data centers in the Columbia area. Over 70,000 square feet was absorbed by these users bringing needed jobs to the Columbia market.

ARTICLE SHORTENED DUE TO LENGTH….

LINK TO ARTICLE HERE:

http://www.midlandsbiz.com/news/headlines/528/
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