Commercial Real Estate Market in Conway, SC
Updated monthly: sale, lease, property records, location trend, and more… · Last update: September 30
220 active listings and 2,870 off-market properties in Conway, SC. Commercial property asks $435/SF to buy and $28.35/SF/Yr to lease.
Market Trends
Conway, SC spans 330.1 square miles in Horry County, South Carolina. Figures below refresh monthly; last updated 30 September 2026.
Office
Office space in Conway, SC asks $255/SF to buy. Vacancy runs 20.2% across the South region in 2025, up from 14.4% in 2019.
Average Sale Price $/SF
Listings
Vacancy Rate % in South region
Retail
Retail space in Conway, SC asks $245/SF to buy. Vacancy runs 5.4% across the South region in 2025, down from 7% in 2020.
Average Sale Price $/SF
Listings
Vacancy Rate % in South region
Industrial
Industrial vacancy in Conway, SC runs 7.9% across the South region in 2025, up from 6% in 2019. Nearly 2.3x the 2022 low of 3.5%.
Vacancy Rate % in South region
Multifamily
Multifamily space in Conway, SC asks $269/SF to buy. Vacancy runs 11.3% across the South region in 2025, up from 8.5% in 2022.
Average Sale Price $/SF
Listings
Vacancy Rate % in South region
Zoning & Land Use
Land Use Mix share of zoned land by category
- Residential 47.4%
- Planned_development 19.8%
- Industrial 13.4%
- Commercial 6%
- Civic 5.4%
- Agricultural 4.3%
- Open space 0.9%
- Mixed use 0.5%
Largest Zones share of zoned land by district
Low Density Residential
Planned Development
Conservation Preservation
Medium Density Residential
Highway Commercial
Low Density Residential (R1)
The intent of the R-1 District is to provide for the preservation and expansion of areas for low to medium density, detached single-family residential development in the City of Conway
Market overview
Demographics & Economy
Conway, SC has 77,746 residents in 31,748 households. Density runs 236 people per square mile. Median household income here is $61,946 and median gross rent $949 a month.
77,746
Population
31,748
Households
2.4
Avg Household Size
41
Median Age
20%
College-Educated
88%
High-School Grad
330.1 sq mi
ZIP Area
236
Density / Sq Mi
$61,946
Median Household Income
$29,680
Median Earnings
$949
Median Rent
$220,207
Median Home Value
Tools
Lease vs Buy Breakeven
At $28.35/SF/Yr lease vs $435/SF buy → buying wins if held > 4 years.
At a 6.5% gross asking yield the payback reads short relative to leasing. Assumes 30% down at 6.5% fixed, 2% a year in taxes and upkeep, 3% appreciation, 5% opportunity cost, 2% closing plus 5% selling costs, and a 3% annual rent escalator.
Nearby Markets
| Market | Average Sale Price, $/SF | Average Lease Price, $/SF/Yr |
|---|---|---|
| Aynor | — | — |
| Myrtle Beach | — | $22.37 |
| Surfside Beach | — | $17.57 |
Commercial property in Conway, SC asks $435/SF.
Frequently Asked Questions
What is the average price per square foot for commercial property in Conway?
Commercial property in Conway, SC asks an average of $435 per square foot. The 3 most recent recorded sales traded at a median of $213/SF, so asking sits 104% above the achieved median. Multifamily carries the highest asking price at $269/SF.
How much does it cost to lease commercial space in Conway?
Asking lease rates in Conway, SC average $28.35 per square foot per year.
Is it cheaper to lease or buy commercial space in Conway?
Buying beats leasing in Conway, SC if the property is held longer than 4.0 years, comparing $28.35/SF/Yr asking rent with $435/SF asking price. The model assumes 30% down at 6.5% fixed, 2% of value per year in taxes and upkeep, 3% appreciation, 5% opportunity cost on the cash and a 3% annual rent escalator.
Where does Realmo's Conway market data come from?
Realmo compiles Conway, SC figures from 6 recent recorded sales, 180 active sale listings, 40 active lease listings, 2,870 tracked off-market properties, the current Conway zoning release. Sale and lease figures refresh monthly; vacancy annually. Last updated 30 September 2026.
Methodology & data sources
- Asking prices and averages
- Computed from 180 active for-sale and 40 active for-lease listings in Conway, SC. These are ASKING figures from live listings, not closed-transaction prices, and a segment carried by a handful of listings reads as indicative rather than an average.
- Vacancy rates
- Published per-sector market series, taken at the metro level where one exists and otherwise at the Census-region level — a chart reading "in <region> region" is a regional number, not this city's.
- Zoning and land use
- The current municipal zoning release: 17,663 zoned acres across 22 districts. Shares are of zoned land, so parcels the release leaves unclassified are excluded from the mix.
- Refresh
- The monthly aggregates close at the end of the previous month, so 30 September 2026 — not today — is the honest last update.
- Known limitations
- office vacancy is reported at South region level, retail vacancy is reported at South region level, industrial vacancy is reported at South region level and asking prices run materially above recent closed pricing.
- Coverage
- Metrics below the 10-observation threshold fall back one geographic level. The geography used is named on each figure.
Compiled by the Realmo Data team · reviewed 30 September 2026 · How Realmo checks market page data · Report a data issue
