Commercial Real Estate Market in Gaffney, SC
Updated monthly: sale, lease, property records, location trend, and more… · Last update: August 31
166 active listings and 1,138 off-market properties in Gaffney, SC. Commercial property asks $227/SF to buy and $10.83/SF/Yr to lease.
Market Trends
Gaffney, SC spans 256.5 square miles in Cherokee County, South Carolina. Figures below refresh monthly; last updated 31 August 2026.
Office
Office vacancy in Gaffney, SC runs 20.2% across the South region in 2025, up from 14.4% in 2019.
Vacancy Rate % in South region
Retail
Retail vacancy in Gaffney, SC runs 5.4% across the South region in 2025, down from 7% in 2020.
Vacancy Rate % in South region
Industrial
Industrial vacancy in Gaffney, 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 Gaffney, 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
- Residential 65.8%
- Commercial 19.8%
- Industrial 9.5%
- Planned_development 2.9%
Largest Zones share of zoned land by district
Medium Density Single Family Residential District
General Commercial District
High Density Single Family Residential District
General Residential District
Industrial District
Gaffney, SC zones 6,170 acres across 11 districts. Commercial zoning covers 19.8% of zoned land, residential 65.8% and industrial 9.5%. The largest single district is Medium Density Single Family Residential District at 28.2%. For commercial buyers the practical constraint is that only 29.3% of land carries a commercial or industrial designation.
Medium Density Single Family Residential District (R-12)
R-12 Medium Density Single-Family Residential District The purpose of this District is to foster, sustain, and protect areas in which the principal use of land is for single -family dwellings and support uses, at medium densities.
Market overview
Demographics & Economy
Gaffney, SC has 40,654 residents in 18,130 households. Density runs 158 people per square mile. Median household income here is $48,875 and median gross rent $814 a month.
40,654
Population
18,130
Households
2.2
Avg Household Size
40
Median Age
19%
College-Educated
86%
High-School Grad
256.5 sq mi
ZIP Area
158
Density / Sq Mi
$48,875
Median Household Income
$33,925
Median Earnings
$814
Median Rent
$140,095
Median Home Value
Tools
Nearby Markets
| Market | Average Sale Price, $/SF | Average Lease Price, $/SF/Yr |
|---|---|---|
| Boiling Springs | — | — |
| Cherokee Falls | — | — |
| Kings Creek | — | — |
| Blacksburg | — | — |
Commercial property in Gaffney, SC asks $227/SF.
Frequently Asked Questions
What is the average price per square foot for commercial property in Gaffney?
Commercial property in Gaffney, SC asks an average of $227 per square foot.
How much does it cost to lease commercial space in Gaffney?
Asking lease rates in Gaffney, SC average $10.83 per square foot per year.
What zoning applies to commercial property in Gaffney?
Gaffney, SC zones 6,170 acres across 11 districts, of which 19.8% is commercial and 9.5% industrial. The largest single district is Medium Density Single Family Residential District at 28.2% of zoned land. R-12 Medium Density Single-Family Residential District The purpose of this District is to foster, sustain, and protect areas in which the principal use of land is for single -family dwellings and support uses, at medium densities. Residential zoning covers 65.8% and open space 0%.
Where does Realmo's Gaffney market data come from?
Realmo compiles Gaffney, SC figures from 4 recent recorded sales, 147 active sale listings, 19 active lease listings, 1,138 tracked off-market properties, the current Gaffney zoning release. Sale and lease figures refresh monthly; vacancy annually. Last updated 31 August 2026.
Methodology & data sources
- Asking prices and averages
- Computed from 147 active for-sale and 19 active for-lease listings in Gaffney, 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: 6,170 zoned acres across 11 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
