Jan
26

Columbia’s Commercial Real Estate: Have we reached the bottom yet?

By
– Midlandsbiz.com

The question that prevails in conversations on the economy and commercial real estate is “Have we reached the bottom?”

The Columbia office market experienced erosion in occupancy and absorption through Year End 2009. The long anticipated relocation of SCANA Corporation’s headquarters to its new Cayce campus, leaving a 456,000-square-foot, leased facility on Main Street (The Palmetto Center), was the primary influence on the market statistics. Businesses continuing to adjust to the current economic climate was a secondary influence. 86% of the change in vacancy was a result of the SCANA departure.

ARTICLE SHORTENED DUE TO LENGTH….

LINK TO ARTICLE HERE:
http://www.midlandsbiz.com/news/markettrends/630/

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