1Q23 Market Reports – Columbus, GA
Below are the current market reports & numbers for the
Office, Industrial, & Retail Markets
in Columbus, Georgia.
Columbus Industrial Overview
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Columbus Retail Overview
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Columbus Office Overview
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16 Corporate Ridge Parkway
276,590 SF | Former Textile Facility
Owner-built in 1997 and sold to a REIT in 2014 with a 20-year lease back, the original company was acquired by a larger competitor in 2018. The facility closed mid-2020 due to COVID-19 workforce challenges and we began marketing for sublease in late 2020.
Challenges to marketing included the size of the facility, one of the largest in the West GA / East AL submarket and not subdivisible, its specialized configuration, low number of docks, and restrictive leasing requirements. After nearly 2 years of effort and several near-misses, we subleased the property in Dec. 2022 to a local division of an international construction products manufacturer. The transaction also included negotiation of a tenant purchase option.
This 276,590 SF sublease represents a significant absorption of vacant industrial in the submarket. When fully operational, the new tenant’s anticipated business expansion will generate over 300 new jobs.
Congratulations to David C. Johnson and Jack Hayes SIOR, CCIM for completing this transaction.
NAI G2 Commercial Real Estate was recognized as a Top Sales Brokerage & a Top Leasing Brokerage for 2022 in the Columbus market.
Jack Hayes is recognized as a Top Industrial & Office Broker.
Amy D. Gill is recognized as a Top Office & Retail Broker.
David Johnson is recognized as a Top Industrial Broker.
Having an agent who is knowledgeable about all the intricoes of commercial real estate is key to a successful transaction.
For all available sale listing in the Columbus, Georgia Market, CLICK HERE.
For all available lease listings in the Columbus, Georgia Market, CLICK HERE.