Columbia Office Rent Price & Sales Report

2024 Office Space Rent & Sales

  • $18.78 2024 Avg. Asking Rent
  • 15.74% 2024 Office Vacancy Rate
  • $12.5M2024 Total Office Sales
  • $41.49Avg. Sale Price/SF

Columbia office price per square foot in 2024 was $18.78 on average. The local office market recorded an average vacancy rate of 15.74% across all asset classes combined. The 4 transactions that closed here throughout 2024 amounted to a total sale volume of $12.5M. Columbia office space commanded an average sale price per square foot of $41.49.

See how this market compares to the national average: U.S. office space rent & sales.

Average Rent by Office Class

2024 Average Office Rent per Square Foot

  • Columbia Class A & A+ Office Space$22.07
  • Columbia Class B Office Space$18.06
  • Columbia Class C Office Space$17.08
  • South Carolina Class A & A+ Office Space$31.11
  • South Carolina Class B Office Space$22.46
  • South Carolina Class C Office Space$17.44

Columbia, SC Office Asking Rents by Class

Average office rent in Columbia rested at $18.78 per square foot in 2024. As would be expected, office rent price showed some variation from one asset class to another. As such, the asking rent for class A office space in Columbia averaged $22.07 per square foot. Across all submarkets, class B office space recorded an average asking rent of $18.06 per square foot. Meanwhile, assets encompassing class C office space saw asking rents of $17.08 per square foot, on average. Comparably, statewide South Carolina average office rents by class in 2024 were: $31.11 per square foot for class A office space; $22.46 per square foot for class B office space; $17.44 per square foot for class C office space.

2024 Office Vacancy Rates in Columbia

Submarket Asking Rents Vacancy Rates
Columbia - CBD $22.35 10.99%
Columbia - Forest Acres $21.41 4.15%
Columbia - I-26 Corridor $20.46 9.95%
Columbia - Northeast $18.50 27.22%
Columbia - North Central $17.00 16.56%
Columbia - I-126 Corridor $16.73 23.19%
Data provided by Commercial Edge
Submarket differences in factors such as property mix, degree of accessibility, and availability of amenities influence not only variation in office rent price, but also in vacancy rates. The overall office vacancy rate on the Columbia market was 15.74% in 2024. Looking at the market stats on a more granular level, data shows that the lowest office vacancy rate in Columbia was 4.15% in the Columbia - Forest Acres submarket, while the highest office vacancy in the market was 27.22%, recorded in Columbia - Northeast.

Office Spaces for Rent in South Carolina

Columbia Office Sale Price per SF

  • $41.492024 Avg. Price per SF
  • -15.28%Y-o-Y Avg. PpSF Change
  • $12.5M2024 Office Sales Volume
  • 42024 Number of Transactions

Columbia, SC Sale Price per SF Trend

  • Columbia Avg. Sale Price per SF in 2024$41.49
  • South Carolina Avg. Sale Price per SF in 2024$84.60
Columbia office space cost in 2024 marked a -15.28% change compared to the previous year. The sale price for office space in Columbia averaged $41.49 per square foot in 2024, across all market subdivisions and asset classes. Conversely, the statewide South Carolina average office sale price during the same time period was $84.60 per square foot.

2024 Office Sales Volume

  • Columbia, SC Total Office Sales Volume in 2024 $12.5M
  • Columbia, SC Total Number of Office Sales Closed in 2024 4
A total of 4 deals closed on the Columbia office market in 2024, adding up to a yearly sales volume of $12.5M. Notably, the largest transaction on the market saw 151 Westpark Blvd change hands for $4,250,000 on 1/2/2024.
Data provided by Commercial Edge

Coworking Spaces in South Carolina

2024 Office Construction in Columbia, SC

Largest Office Properties Recently Completed in Columbia
Office building Address SF Completed
Sola Station 325 Taylor St, 29201 30,000 2018
8 Science Ct - Building B 8 Science Ct, 29203 22,236 2015
1221 Bower Pkwy 1221 Bower Pkwy, 29212 7,822 2008
130 Fontaine Center Dr 130 Fontaine Center Dr, 29204 4,987 2007
1040 Wildwood Centre Drive 1040 Wildwood Centre Drive, 29229 2,000 2007
1034 Wildewood Centre Dr Suite B 1034 Wildewood Centre Dr, 29229 1,800 2007
Former MIRCI Drop-In Center | Single-Level Building in Downtown Columbia 1433 Gregg St, 29201 3,600 2005
Berkeley Building 200 Center Point Circle, 29210 74,069 2003
Crown Pointe 1400 Browning Road, 29210 36,693 2000
Crown Pointe 1400 Browning Road, 29210 35,838 2000

Worth noting among recent office completions on the Columbia market is Sola Station, which is currently the largest new office development in the city, at 30,000 square feet.

Data provided by Commercial Edge

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This market stats report is based on analysis of city-level data that includes office properties equal to or larger than 25,000 square feet in size. Averages were calculated based on values dated January 1st 2024 through December 31st 2024. Construction pipeline data represented herein is valid as of February 2025. The information on this page was compiled using data provided by CommercialEdge, a market intelligence solution which offers comprehensive real market knowledge on all Columbia commercial properties sized 25,000 square feet or larger.

While every effort was made to ensure the accuracy of the data presented in this report, the information is provided “as is” and neither CommercialCafe nor CommercialEdge can guarantee that the information provided is complete.