COLUMBIA

...one of the most affordable markets in the region… ranks among the more well-educated markets with a large number of young workers.

...expect to see vacancies continue to decline without new office product in the pipeline… The long-term outlook… is strong due to… a highly-educated and inexpensive workforce.

...solid signs of growth… despite little to no new construction in recent years... warehouse users as well as... manufacturers... have helped to diversify the market’s tenant-base…

...trends have mirrored those at the national level... modest suburban retail construction… increasing urban options…

...market should remain propped up by a stable level of student demand… traditional multifamily housing to new graduates may be an underserved need.

...supply will grow more quickly than its demand from 2019 until 2022. This will produce decreases to occupancy…