Commercial Real Estate Market in Florence, SC
Updated monthly: sale, lease, property records, location trend, and more… · Last update: August 31
157 active listings and 2,888 off-market properties in Florence, SC. Commercial property asks $101/SF to buy and $17.23/SF/Yr to lease.
Market Trends
Florence, SC spans 224.0 square miles in Florence County, South Carolina. Figures below refresh monthly; last updated 31 August 2026.
Office
Office space in Florence, SC asks $144/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 vacancy in Florence, SC runs 5.4% across the South region in 2025, down from 7% in 2020.
Vacancy Rate % in South region
Industrial
Industrial vacancy in Florence, 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 vacancy in Florence, SC runs 11.3% across the South region in 2025, up from 8.5% in 2022.
Vacancy Rate % in South region
Zoning & Land Use
Land Use Mix share of zoned land by category
- Open space 48.3%
- Civic 20.3%
- Residential 12%
- Planned_development 8.7%
- Mixed use 4.5%
- Industrial 3.6%
- Commercial 2.5%
- Agricultural 0.2%
Largest Zones share of zoned land by district
Neighborhood Conservation
Commercial General
Open Space And Recreation
Planned Development
Campus
Neighborhood Conservation (NC-15)
The NC district is intended to protect the character and function of established neighborhoods, The Neighborhood Conservation district is divided into six subdistricts Neighborhood Conservation Subdistricts The subdistricts are based on the zoning and general character of the City's established neighborhoods, including the predominant building type, typical…
Market overview
Demographics & Economy
Florence, SC has 91,764 residents in 40,070 households. Density runs 410 people per square mile. Median household income here is $61,848 and median gross rent $978 a month.
91,764
Population
40,070
Households
2.3
Avg Household Size
40
Median Age
27%
College-Educated
90%
High-School Grad
224 sq mi
ZIP Area
410
Density / Sq Mi
$61,848
Median Household Income
$40,214
Median Earnings
$978
Median Rent
$184,789
Median Home Value
Tools
Nearby Markets
| Market | Average Sale Price, $/SF | Average Lease Price, $/SF/Yr |
|---|---|---|
| Quinby | — | — |
| Effingham | — | — |
| Peniel Crossroads | — | — |
| Darlington | — | — |
Commercial property in Florence, SC asks $101/SF.
Frequently Asked Questions
What is the average price per square foot for commercial property in Florence?
Commercial property in Florence, SC asks an average of $101 per square foot. The 5 most recent recorded sales traded at a median of $107/SF. Office carries the highest asking price at $144/SF.
How much does it cost to lease commercial space in Florence?
Asking lease rates in Florence, SC average $17.23 per square foot per year.
Where does Realmo's Florence market data come from?
Realmo compiles Florence, SC figures from 5 recent recorded sales, 134 active sale listings, 23 active lease listings, 2,888 tracked off-market properties, the current Florence zoning release. Sale and lease figures refresh monthly; vacancy annually. Last updated 31 August 2026.
Methodology & data sources
- Asking prices and averages
- Computed from 134 active for-sale and 23 active for-lease listings in Florence, 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: 14,042 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 31 August 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 and industrial vacancy is reported at South region level.
- 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 31 August 2026 · report a data issue
