Aug
04

Downtown Columbia Apartments in High Demand

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As tenants began moving in on opening day Monday, the Lofts at Lourie’s were 75 percent rented.

“This has been the easiest property for us to rent so far,” said Kay Hampton, marketing coordinator for Capitol Places, which developed the 28 apartments above the new Mast General Store on Main Street and has four other rental buildings on the street. “It’s the hottest.”

Downtown rentals in Columbia are gaining momentum as home sales continue to slide and gas prices keep climbing. Another high-profile project, CanalSide, is preparing to more than double in size, and smaller developments, such as the Estates on Gervais town homes, are renting instead of selling.

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