💸 Columbia Retail Rents Climb, Squeezing Out Small Businesses

Columbia’s retail boom is great news—unless you’re a small business trying to grow. With average rents nearing $29 per square foot, second only to Annapolis, some local favorites are being priced out. Rudy’s, a beloved Turkish restaurant, hoped to expand near Merriweather Post Pavilion but backed out after finding rents nearly double their current rate. They're not alone. Retail vacancy rates are at historic lows, especially in high-demand areas like downtown Columbia, pushing prices even higher. Fast-casual eateries and national chains are snapping up space, leaving limited room—and few breaks—for local businesses. Developers say demand remains strong, but the question looms: can Columbia stay vibrant without affordable options for the homegrown spots that give it flavor? For many, it’s a tough sell.