News & Insights

NEWS & MEDIA

Magnus Development Partners and Colliers announces the first two tenants at 803 Industrial Park as construction progresses ​ ​ ​

Givens and Mattress Warehouse executed leases prior to the buildings’ completion

Magnus Development Partners breaks ground at 803 Industrial Park

Columbia Metropolian Airport and Magnus Development Partners have partnered to develop over 1M square feet of industrial space adjacent to CAE

Columbia Metropolitan Airport and Magnus Development Partners announce new multimodal industrial development

Colliers' industrial brokerage team to handle marketing and leasing for the project

Columbia Metropolitan Airport (CAE) selects Magnus to develop 500 acres of commercial and industrial property ​ ​ ​

Magnus Development has been chosen as the Master Developer for Columbia Metropolitan Airport’s surrounding property.

MARKET Research

q4 2025: Columbia industrial report

Record absorption creates critical Class A inventory shortage

Key Takeaways:

  1. A record 1.5M square feet of net absorption is part of a still-building demand wave driving big-box rent growth to 17% YoY
  2. With Class A vacancy at 1.98%, representing fewer than 300,000 square feet, an extreme space crunch will position immediate speculative starts favorably
  3. All 4.7 million square feet of active construction will deliver occupied, providing little relief for new requirements

q4 2025: south carolina industrial report

Building bulk demand highlights market's momentum into 2026

Key Takeaways:

  1. 11,358,546 square feet of net absorption throughout 2025 lowered vacancy by 276 basis points
  2. Much of the market’s bulk inventory has been absorbed as users look towards potential build-to-suit starts
  3. Strong Class A rent growth anticipated for 2026 as speculative construction lags demand

MARKET Resources

centralsc alliance

As a public and private alliance, CentralSC Alliance's mission is to cultivate and nurture the prosperity of Central South Carolina. They help businesses create jobs, recruit capital investment, and together with a growing network of industries, talent, and communities, they’re advancing and improving the region’s economy.
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south carolina department of commerce

From assisting with the location of new sites and buildings to offering grants for community development and infrastructure improvement, the South Carolina Department of Commerce is here to help grow new and existing businesses. SC Commerce promotes economic opportunity for individuals and businesses through initiatives like workforce training.

LEXINGTON COUNTY ECONOMIC DEVELOPMENT

In Lexington County, our well-prepared, 21st century workforce is due to the tremendous support of government, business and educational leaders all working together to support new and existing industry in our region. Our success is reflected in the increased growth of the County’s population within the last decade, which is projected to reach more than 333,000 by 2030. Due to our high level of work-readiness and innovative workforce education and training programs, Lexington County is the perfect place for advanced manufacturing, automotive, aerospace, healthcare, agribusiness and more.

Columbia Metropolitan Airport

Columbia Metropolitan Airport is a major economic engine for South Carolina’s Midlands region. As a self-sufficient entity, the airport doesn’t take any state and local tax dollars yet generates an estimated $847 million for the state of South Carolina. Over 40 businesses operate on the airport’s campus and create a combined total of over 1,871 full time jobs with a direct payroll of nearly $80 million. Local support of CAE helps the airport continue to put more dollars back into the local economy and it allows the airport to compete for bigger planes, new air service and better fares.