Columbia, SC Office Overview
The Columbia Metropolitan Area includes the Arsenal Hill, Colonial Park, and Robert Mills submarkets. With a metropolitan population of over 800,000 people, the economy in Columbia is driven in large part by the healthcare, education, and defense industries, all of which create a consistent, predictable demand for office space in Columbia.
As of mid-2017, the Greater Columbia market encompasses over 12 million square feet of existing office space in properties larger than 50,000 square feet. As the capital of South Carolina and the state's second-largest city, there is a consistently growing demand for Class A.
Columbia, SC Office Inventory Description
Both the economy of Columbia and the real estate market are diverse. With a gross metropolitan product of over $39 billion annually, there is robust demand for white-collar employment. Over 40% of the office inventory in Columbia is Class A or A+, with Class B properties adding another over 7.2 million square feet to the market.
The Bellview submarket in the city consistently sees strong demand from both tenants and investors alike. Located north and south of the Harden Street Extension between Main Street and State Route 16, this area is home to investment-grade properties such as the 1331 Elmwood Avenue, the Palmetto Health Richland - 1 Medical Park, and The Commons at Bullstreet - First Base Building at 2150 Harden Street.
Columbia, SC Commercial Inventory Breakdown
Total: 12,319,878 SF
By square footage range:
- 50k to 100k SF: 4,252,173 SF / 34.51% of total office
- 100k to 500k SF: 8,067,705 SF / 65.49% of total office
- Class A: 4,930,241 SF / 40.02% of total office
- Class B: 6,687,187 SF / 54.28% of total office
- Class C: 702,450 SF / 5.7% of total office
Top 10 Largest Office Buildings
|Office building||Address||Sqft||Year built|
|Capitol Center||1201 Main Street, 29201||460,000||1987|
|17 Technology Circle||17 Technology Circle, 29203||456,304||1999|
|Meridian||1320 Main Street, 29201||335,000||2004|
|Blue Cross Blue Shield - 4101 Percival Road||4101 Percival Road, 29229||318,740||2001|
|1901 Main Street||1901 Main Street, 29201||303,156||1989|
|Blue Cross Blue Shield - Alpine Building||2501 Faraway Drive, 29223||300,000||1968|
|The Tower at 1301 Gervais||1301 Gervais Street, 29201||298,926||1973|
|Blue Cross Blue Shield - Atrium Building||2401 Faraway Drive, 29223||285,000||1993|
|1401 Shop Road||1401 Shop Road, 29201||265,000||1988|
|1441 Main||1441 Main Street, 29201||264,857||1988|
Most Recently-Built Office Buildings
|Office building||Address||Sqft||Year built|
|Innovista - Innovation Center||550 Assembly Street, 29201||110,000||2016|
|The Commons at Bullstreet - First Base Building||2142 Boyce Street, 29203||105,000||2016|
|522 Lady Street||522 Lady Street, 29201||29,829||2015|
|Prisma Health Baptist Parkridge Hospital - 300 Medical Office Building||300 Palmetto Health Pkwy, 29212||80,000||2014|
|AllSouth Federal Credit Union Headquarters||730 Elmwood Avenue, 29201||62,000||2014|
|Main & Gervais Office Tower||1221 Main Street, 29201||205,000||2009|
|6437 Garners Ferry Road||6437 Garners Ferry Road, 29209||150,333||2009|
|Innovista - Discovery I||915 Greene Street, 29208||72,000||2008|
|Pinnacle Point Business Park - 1021 & 1074 Pinnacle Point Drive||1021 Pinnacle Point Drive, 29223||70,255||2008|
|Delta Executive Plaza||1010 Wildwood Centre Drive, 29229||38,180||2007|
Columbia, SC Green Office Space
The most recent survey of green office space in Columbia and the rest of the U.S. was conducted in 2017 by the National Green Building Adoption Index. The survey looked at the percentage of energy-efficient workspaces. In the top 30 U.S. office markets, the percentage of green buildings, or those that are either LEED-certified or EPA Energy Star-rated increased by 33% over the past 12 years.
A great example of a LEED-certified property is the 1441 Main building. With nearly 265,000 square feet of Class A space, this building was constructed in 1988. Located in the Downtown Columbia market, holds a LEED Gold certification. Looking at the metro area as a whole, there is just over 685,000 square feet of green space in the city, a percentage that is sure to increase as both investors and tenants realize the advantages of energy-efficient space.
Columbia, SC's Top Office-Using Sectors
The Columbia office market is driven in large part by the healthcare, manufacturing, government, defense and corporate sectors.
- Healthcare – organizations such as Palmetto Health, Blue Cross Blue Shield of South Carolina, and the Ritedose Corporation.
- Manufacturing – companies such as Square D, CMC Steel, Michelin, International Paper, Honeywell, and Westinghouse Electric.
- Government & Defense – Fort Jackson army base, McEntire Joint National Guard Station, and the South Carolina State House.
- Corporate Offices – large companies such as Colonial Life & Accident Insurance Company, AgFirst Farm Credit, and the regional law firm of Nexsen Pruet, LLC.
- Total Population132,236
- Male Population(51.3 %) 67,861
- Female Population(48.7 %) 64,375
- Median Age28.30
- Average Household Income$69,516
- Median Household Income$43,650
- Median Income Under 25$19,500
- Median Income 25-44$49,996
- Median Income 45-64$56,188
- Median Income Over 65$37,310
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