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News & Insights

NEWS & MEDIA

Magnus Development Partners breaks ground at 803 Industrial Park
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Columbia Metropolitan Airport and Magnus Development ​ have partnered to develop over one million 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

q3 2022: Columbia industrial report

Record-breaking activity in the Columbia industrial market

Key Takeaways:

  1. 3PL activity is high in the Columbia market
  2. Vacancy is at an all-time low of 3.16%
  3. 1.8 million square feet are under construction with only 407,160 square feet still available to lease

q3 2022: south carolina industrial report

South Carolina avoids macroeconomic headwinds

Key Takeaways:

  1. South Carolina industrial vacancy is at an all-time low of 3.08%
  2. Ongoing demand with declining vacancy rates and positive absorption continues to outweigh economic uncertainty

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.

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.

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SPEAK TO AN EXPERT
BROKERAGE REPRESENTATION BY:​ COLLIERS INTERNATIONAL | SOUTH CAROLINA

Chuck Salley, SIOR

Managing Director

Dave Mathews, SIOR

Vice President

Thomas Beard, SIOR

Vice President

John Peebles

Brokerage Associate