Columbia Star

Columbia industrial market report

The Columbia industrial market is comprised of 72.26 million square feet of industrial space. There are approximately 335,000 square feet under construction within three buildings and one owner-occupied manufacturing facility of 660,135 square feet was delivered to the market this quarter. The Columbia industrial market absorbed 627,170 square feet this quarter mostly due to the China Jushi facility in the Southeast Columbia submarket. The overall market vacancy rate remained relatively unchanged from last quarter to this quarter at 5.42% and the average overall market weighted rental rate was $3.96 per square foot this quarter.

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