The vacancy rates of downtown Columbia, which indicate how the leasing market of the area is doing, have been increasing in small increments since 2016. The 2025 rate was 4.65%, meaning that nearly 95% of leasing space downtown was occupied.
A line chart, titled "Downtown Columbia commercial vacancy rates," shows the percentages of downtown leasing vacancies between 2016 and 2025. The rate in 2016 was 1.78%. The rate in 2017 was 2.79%. The rate in 2018 was 4.53%. The rate in 2019 was 4.32%. The rate in 2020 was 3.84%. The rate in 2021 was 5.37%. The rate in 2022 was 4.46%. The rate in 2023 was 4%. The rate in 2024 was 3.78%. The rate in 2025 is 4.65%.