Columbia Industrial Market Report
By CREhunt Research · Data through Q2 2026 · Aggregated from Cushman & Wakefield, Colliers
Quarterly industrial market indicators for Columbia, aggregated by CREhunt from Cushman & Wakefield, Colliers. As of Q2 2026, average asking rent was $5.39/SF/yr and vacancy was 6.2%, per Cushman & Wakefield.
Projected current industrial pricing — Columbia
Modeled estimate (income approach) shown as a range — not an appraisal. No market-specific cap rate is published for Columbia industrial yet, so this applies the typical cap rate across comparable industrial markets — treat it as a rough, indicative range that sharpens as sourced cap rates arrive. Projected asking rent × occupancy × net-operating-income margin band ÷ a benchmark cap rate, from Q2 2026 Cushman & Wakefield asking-rent data (benchmark cap rate 5.5%–7.5%, asking rent held flat). Assumes ~94% occupancy and a 72–88% net-operating-income margin.
| Quarter | Asking rent | Vacancy | Net absorption | Under constr. | Source |
|---|---|---|---|---|---|
| Q2 2026 Cushman & Wakefield | $5.39/SF/yr | 6.2% | — | 31 SF | Cushman & Wakefield |
| Q4 2025 Cushman & Wakefield | $5.20/SF/yr | 5.5% | -187K SF | 11 SF | Cushman & Wakefield |
| Q4 2024 Cushman & Wakefield | $5.15/SF/yr | 5.5% | 479K SF | — | Cushman & Wakefield |
| Q4 2023 Cushman & Wakefield | $5.79/SF/yr | — | 0 SF | — | Cushman & Wakefield |
| Q4 2023 Colliers | $4.45/SF/yr | 4.1% | 300K SF | — | Colliers |
| Q4 2019 Colliers | — | 15.4% | — | — | Colliers |
| Q4 2019 Cushman & Wakefield | — | 3.6% | 2K SF | — | Cushman & Wakefield |
| Q3 2017 Colliers | — | 4.6% | 4 SF | — | Colliers |
Industrial asking rents by submarket
The newest asking rent a named brokerage's report published for each Columbia industrial submarket, with its publisher and quarter. Submarkets whose newest figure cannot be attributed, or falls outside a plausible range, are left out.
| Submarket | Asking rent | Source |
|---|---|---|
| Newberry County | $3.25/SF/yr Cushman & Wakefield · Q4 2024 | Cushman & Wakefield, Q4 2024 |
| Northeast Columbia | $5.89/SF/yr Cushman & Wakefield · Q2 2026 | Cushman & Wakefield, Q2 2026 |
| Orangeburg County | $12.75/SF/yr Cushman & Wakefield · Q2 2026 | Cushman & Wakefield, Q2 2026 |
| Outlying Calhoun County | $4.00/SF/yr Cushman & Wakefield · Q2 2026 | Cushman & Wakefield, Q2 2026 |
| Southeast Columbia | $6.75/SF/yr Cushman & Wakefield · Q4 2024 | Cushman & Wakefield, Q4 2024 |
How the brokerage sources compare
For Q4 2023, the brokerages CREhunt aggregates for Columbia industrial did not fully agree. Asking-rent estimates differ by $1.34/SF/yr — from $4.45/SF/yr to $5.79/SF/yr. CREhunt reconciles these into a single consensus median rather than relying on any one brokerage.
| Source | Vacancy | Asking rent | Cap rate |
|---|---|---|---|
| Colliers | 4.1% | $4.45/SF/yr | — |
| Cushman & Wakefield | — | $5.79/SF/yr | — |
Per-brokerage figures for Q4 2023, aggregated from published brokerage market reports.
Frequently asked questions
- What is the average asking rent for industrial space in Columbia?
- As of Q2 2026, the average asking rent for industrial space in Columbia was $5.39/SF/yr, per Cushman & Wakefield.
- What is the industrial vacancy rate in Columbia?
- The industrial vacancy rate in Columbia was 6.2% as of Q2 2026 (Cushman & Wakefield).
- Where does CREhunt's Columbia market data come from?
- This report aggregates quarterly industrial market data for Columbia from Cushman & Wakefield, Colliers.
- How much do brokerage estimates differ for industrial space in Columbia?
- For Q4 2023, the brokerage sources CREhunt aggregates for Columbia did not fully agree. Asking-rent estimates differ by $1.34/SF/yr — from $4.45/SF/yr to $5.79/SF/yr. CREhunt reconciles these into a single consensus median rather than relying on any one brokerage.