Aug
07

Colliers: Columbia CBD Office Vacancy Down to 23.31%

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The Aflac Group’s growing Columbia operations and the USC Innovista research campus are helping fill vacant office space in downtown Columbia.

There has also been a steady stream of technology-related companies moving into the downtown area, according to Colliers International’s second quarter commercial real estate report. Overall, the amount of vacant office space in the Columbia market dipped more than a percentage point in the second quarter and forecasts call for improving conditions through the rest of the year.

Colliers reported the vacancy rate dropped to 23.31% compared with the first quarter’s rate of 24.39%. While high, the commercial real estate firm noted there are some properties with “significant vacancy which inflate” the rates.

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