Apr
22

Columbia’s Office Market Continues to Strengthen

By
– Columbia Regional Business Report

The Columbia office market continued to make positive gains during the first quarter of 2011 as the local economy showed signs of post-recession improvement, according to a report from Colliers Keenan commercial real estate company.

There has been a renewed interest for new office space and increased leasing activity resulted in 49,461 square feet of absorption during the first three months of the year, the company reported. The activity experienced in the first quarter of 2011 marks three consecutive quarters of positive absorption, indicating that the Columbia office market has entered an economic “upcycle,” the report said.

Columbia’s Main Street was the first area to experience a resurgence of leasing activity, meaning that large blocks of quality office space in the CBD were scarcer during the first quarter of 2011 than the prior 12 months, the report said.
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Categories : Columbia

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