Columbia, South Carolina, offers a unique blend of history, education, and entertainment, making it an ideal location for businesses looking to establish a strong presence. With a population of around 130,000, Columbia is a hub for commerce, innovation, and culture, providing a diverse range of opportunities for entrepreneurs and investors. The city's retail spaces, including the 56 listings currently available for lease, offer a prime opportunity to tap into the local market and capitalize on the city's growth.
Columbia's retail spaces are surrounded by a thriving community, with a strong presence of educational institutions, such as the University of South Carolina, and major employers, including Prisma Health and Fort Jackson. The city's infrastructure is well-developed, with easy access to major highways, airports, and public transportation, making it an attractive location for businesses that require a strong logistical network. Additionally, Columbia is home to a range of other property types, including restaurants, medical offices, and office spaces, offering a diverse range of opportunities for businesses to establish themselves in the area. With average annual rents ranging from $8 USD to $18 USD per square foot, and spaces ranging in size from 90 to 41,921 square feet, there are plenty of options to choose from. Overall, Columbia's retail spaces offer a unique combination of location, infrastructure, and community, making them an attractive option for businesses looking to establish a strong presence in the region.
What is the average cost per square foot for retail space in Columbia?
The average cost per square foot for retail space in Columbia is $18 USD per square foot, with available listings totaling 56 and average space sizes ranging from 4,788 square feet to 41,921 square feet.
How do anchor tenants affect surrounding retail space leases?
Anchor tenants, such as department stores or grocery stores, can have a significant impact on surrounding retail space leases in Columbia, as they draw in foot traffic and create a hub of activity, making the surrounding retail spaces more attractive to potential lessees, which can drive up demand and rents, with the average annual rent per square foot for retail space in Columbia currently at $18 USD and average space size at 4,788 square feet, with maximum space sizes available up to 41,921 square feet.
