Commercial Real Estate Market in Gaffney, SC
Updated monthly: sale, lease, property records, location trend, and more… · Last update: October 31
33 active listings and 1,138 off-market properties in Gaffney, SC.
Market Trends
Gaffney, SC spans 256.5 square miles in Cherokee County, South Carolina. Figures below refresh monthly; last updated 31 October 2026.
Office
Office vacancy in Gaffney, SC runs 20.2% across the South region in 2025, up from 14.4% in 2019.
Retail
Retail space in Gaffney, SC has a median asking sale price of $91/SF (based on 3 listings). Vacancy runs 5.4% across the South region in 2025, down from 7% in 2020.
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%.
Multifamily
Multifamily vacancy in Gaffney, SC runs 11.3% across the South region in 2025, up from 8.5% in 2022.
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
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.
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.
Tools
Frequently Asked Questions
What is the median price per square foot for commercial property in Gaffney?
What zoning applies to commercial property in Gaffney?
Where does Realmo's Gaffney market data come from?
Methodology & data sources
- Asking prices and medians
- There are 17 active for-sale and 16 active for-lease listings in Gaffney, SC. The sale median is based on 6 of the for-sale listings that state a price per square foot; too few for-lease listings state a rent per square foot for a rent median. These are ASKING figures from live listings, not closed-transaction prices, and a figure resting on fewer than 10 listings says so where it is quoted.
- 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 October 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 October 2026 · How Realmo checks market page data · Report a data issue
