Sep
28

Demand for Parking in Columbia CBD on the Rise

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Parking-Lot-FullNo, you’re not imagining it. It’s difficult to find parking in downtown Columbia, and the problem is just getting worse.

Parking availability has fallen to record lows of 15 percent availability for downtown parking garages, according to a new report from commercial real-estate brokerage and research firm Colliers International. This time last year, that vacancy rate was 21.5 percent.

Downtown Columbia garages include eight city-owned facilities and 11 privately owned garages.

Availability is at its worst in private garages, where the vacancy rate has decreased from 21.7 percent at mid-year 2015 to 9.9 percent at mid-year 2016.

Vacancy in publicly owned garages increased slightly from 21.1 percent to 22.3 percent over the same time frame, but not enough to positively impact overall rates, according to the report prepared by Collier’s S.C. Research Coordinator Bryana Mistretta.

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