Commercial Real Estate Market in Gilbert, SC
Updated monthly: sale, lease, property records, location trend, and more… · Last update: August 31
31 active listings and 152 off-market properties in Gilbert, SC. Commercial property asks $2,248/SF to buy and $19.00/SF/Yr to lease.
Market Trends
Gilbert, SC spans 57.3 square miles in Lexington County, South Carolina. Figures below refresh monthly; last updated 31 August 2026.
Office
Office space in Gilbert, SC asks $180/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 Gilbert, SC asks $220/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 Gilbert, 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 Gilbert, SC asks $156/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
- Industrial 62.4%
- Residential 17.9%
- Civic 16.8%
- Commercial 3%
Largest Zones share of zoned land by district
Agricultural
Institutional
Residential Single Family
Residential Two Family
General Commercial
Gilbert, SC zones 1,839 acres across 6 districts. Commercial zoning covers 3% of zoned land, residential 17.9% and industrial 62.4%. The largest single district is Agricultural at 62.4%. For commercial buyers the practical constraint is that only 65.4% of land carries a commercial or industrial designation.
Residential Single Family (R-1)
ARTICLE 5DISTRICT REGULATIONS 500. R-1 RESIDENTIAL DISTRICT (SINGLE FAMILY). 500.1.Intent. Toestablishlowdensityresidentialdistrictsandtoprotectpropertyinthedistrict from the depreciating effects of incompatibleland uses. 500.2.Permitted Principal Uses And S
Market overview
Demographics & Economy
Gilbert, SC has 10,774 residents in 4,950 households. Density runs 188 people per square mile. Median household income here is $88,904 and median gross rent $880 a month.
10,774
Population
4,950
Households
2.2
Avg Household Size
44
Median Age
28%
College-Educated
95%
High-School Grad
57.3 sq mi
ZIP Area
188
Density / Sq Mi
$88,904
Median Household Income
$49,337
Median Earnings
$880
Median Rent
$278,300
Median Home Value
Tools
Nearby Markets
| Market | Average Sale Price, $/SF | Average Lease Price, $/SF/Yr |
|---|---|---|
| Summit | — | — |
| Kneece | — | — |
| Lexington | — | $18.64 |
| Samaria | — | — |
Commercial property in Gilbert, SC asks $2,248/SF.
Frequently Asked Questions
What is the average price per square foot for commercial property in Gilbert?
Commercial property in Gilbert, SC asks an average of $2,248 per square foot. The 5 most recent recorded sales traded at a median of $161/SF, so asking sits 1292% above the achieved median. Retail carries the highest asking price at $220/SF.
How much does it cost to lease commercial space in Gilbert?
Asking lease rates in Gilbert, SC average $19.00 per square foot per year.
What zoning applies to commercial property in Gilbert?
Gilbert, SC zones 1,839 acres across 6 districts, of which 3% is commercial and 62.4% industrial. The largest single district is Agricultural at 62.4% of zoned land. Residential zoning covers 17.9% and open space 0%.
Where does Realmo's Gilbert market data come from?
Realmo compiles Gilbert, SC figures from 5 recent recorded sales, 27 active sale listings, 4 active lease listings, 152 tracked off-market properties, the current Gilbert zoning release. Sale and lease figures refresh monthly; vacancy annually. Last updated 31 August 2026.
Methodology & data sources
- Asking prices and averages
- Computed from 27 active for-sale and 4 active for-lease listings in Gilbert, 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: 1,839 zoned acres across 6 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, 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 31 August 2026 · report a data issue
