News & Insights
NEWS & MEDIA
Columbia Metropolitan Airport and Magnus Development Partners announce new multimodal industrial development
Colliers' industrial brokerage team to handle marketing and leasing for the project
MARKET Research
q2 2024: Columbia industrial report
New wave of deliveries creating opportunities for users
Key Takeaways:
- The Columbia industrial market experienced its first quarter of negative absorption in six quarters
- Scout Motors supplier activity likely to drive additional investment in anticipation of late 2026 production start
- Adequate Class A availability to meet user demand through remainder of 2024
q2 2024: south carolina industrial report
Supply ahead of demand as deliveries drive increased vacancy
Key Takeaways:
- Deliveries outpaced demand, particularly among spaces greater than 500,000 square feet
- The construction pipeline continued to taper as vacancy rose
- Asking rents decreased as larger spaces dominated vacancies
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.
