Columbia Retail

Palmetto Compress Retail Opportunity in Columbia's Innovista Space
The Congaree Vista, Columbia, SC
# Palmetto Compress Retail Opportunity in Columbia's Innovista The ±329,000 square foot Palmetto Compress Warehouse development, located at 612 Devine Street, Columbia, South Carolina, is home to 197 apartments (1, 2 and 3 bedrooms) with approximately 500 residents.  Originally built in 1917, the charming Southern mercantile building is located in a prime location in Columbia's Innovista and adjacent to the University of South Carolina and within close proximity to sporting, entertainment and nightlife venues.  The building offers exposed brick and wood beam ceilings with +/- 7,900 square feet of available space ideal for restaurant or retail use.  The building will continue to serve as a bold testament to Columbia’s economic past while serving as both an inspired vision and distinguished icon for its future. Features - Located in the City’s Innovista District, where substantial resources are committed to promote urban development - Approximately $400 million planned or under construction in the immediate market - Adjacent to the University of South Carolina, University of South Carolina Baseball Stadium, Colonial Life Arena, Columbia Riverfront, and the Historic Congaree Vista Entertainment & Arts District - Approximately 3,000 student housing beds planned within a two block walk - 120,000 square foot office building planned two blocks east of the property to be predominantly occupied by IBM, Fluor, and the University of South Carolina - New $100 million Moore School of Business nearing completion two blocks east - Built during the early twentieth century Southern Mercantile era - A number of historic tax credit opportunities available - Flexible shell allowing for a variety of different uses and configurations
1700 Huger St Space
The Congaree Vista, Columbia, SC
# Cogdill Carpets/ Cromer's Peanuts Building for Sale The property consists of approximately 3.57 acres and 43,300 sf of improvements. There are currently two uses that occupy the premises. Cogdill Carpets, the primary occupant, occupies 27,400 sf which is divided into 12,400 sf of open retail and 15,000 sf of warehouse space. Cromers Peanuts leases just over 15,750 sf on a short term basis. Its space is divided into approximately 5,375 sf of retail, 7,552 sf of warehouse and 3,000 sf of office, and is located on the 2nd floor. The property presents of number of potential opportunities. Given the size, visibility, and condition of the building, it is ideally suited for office or retail use. There are 71 parking spaces currently on site, but there is an additional 1.47 acres of undeveloped land that provides for a physical expansion opportunity and up to 100 additional spaces. The size and location of the property also lends itself to a full redevelopment. Access is directly off 1-26. The existing traffic signal makes it ideally suited for retail redevelopment such as a convenience store, hotel or restaurant. The residential growth in downtown Columbia and the size of the parcel makes it ideal for mixed use apartment or condo project. The Cogdill Carpets property is strategically located at the corner of Huger and Laurel St. in the Vista area of downtown Columbia. It is considered to be the the gateway to the City with its immediate access to l-126. The property is accessed by either Huger or Laurel St. and is made easier with the signalized access. Traffic Counts in front of the property are in excess of 40,000 cars per day. The Vista area of downtown Columbia has become one of the most energized areas of the state. The growing presence of the University of South Carolina and the stability offered by the SC State Government have resulted in historic growth. New urban residential projects are under construction, new restaurants are opening monthly, and several new hotels are planned. Additionally, Columbia welcomes a new professional baseball facility less than a mile away. This property sits in the middle of the activity and is poised for redevelopment. Features - Large open showroom - Frontage on Huger Street and quick access to I-26 - Potential multi-tenant building - Ample parking - Approximately 40,000 Vehicles Per Day - Warehouse for storage or distribution - Sales Price: $4,950,000 - Lease Rate: Retail and Office Space - $15.00 PSF NNN - Warehouse Space - $5.00 PSF NNN
2801 Devine St Space
Oakwood Court, Columbia, SC
# Devine Station Redeveloped Retail Space Located along the Devine Street retail corridor at 2801 Devine Street, this redeveloped retail space offers ground floor availability at the newly renovated Devine Station, formerly occupied by Aflac.   Neighboring restaurants, retailers, and fitness facilities on Devine Street include Cantina 76, Henry’s Bar and Grill, Anytime Fitness, Just the Thing, Pink Sorbet, Za’s, Eggs Up Grill, Half Moon Outfitters, Gibson’s on Devine, Pout, and Bohemian Home.  This highly-trafficked corridor sees approximately 13,100 vehicles per day (2013), and the space offers impeccable visibility from the street.  Within the building itself, there are two floors of office space above the ground floor retail space.  In addition to being walking distance from other retailers, Five Points and Garners Ferry retail corridors are in close proximity (less than 1 and 2 miles, respectively.)  Surrounded by residences, Shandon neighborhood is within walking distance.  Situated on the corner of a signalized intersection, this property offers convenient access and egress to the site.  Excellent opportunity for a retail or restaurant user.   Features - First Floor: ±1,000-10,000 SF Available - Second Floor: ±5,000 SF Available - Free surface parking - New mechanical systems, LED lighting and other efficiencies throughout the building - Easy entry/exit of the parking lot - Contact broker for lease rates


Office Space Market Report

Number of Listings (last 90 days)
Median Rate ($/sqft/yr)
Median Size (sqft)
As of: May 22, 2017

Columbia Rates

Most listings are in the $20's per square foot per year. The Columbia submarket is seeing a a rise in rates. In the last 3 months, the median rate rose $3 per sqft per year. That's a 14% rise in rent.

Columbia Listing Supply

In the last 90 days, 59 listings have been posted online, so you'll want to check back regularly for new listings. About 2% of the listings in the Columbia are subleases, so you will probably have to consider a longer term lease. There aren't many listings below 2,000 square feet posted, so finding a space for a small business might be tough.

The standard measurement for office space in this area is around 2,470 sqft. Most buildings in this market are close to 2 floors. Most buildings in this area were built in 1970 and are Class B.

Columbia Community

Market Report

Trends and status of the commercial real estate market in Columbia.
Market Report

Market Data

Real time and historical data on commercial real estate listings in Columbia.