Commercial Real Estate Market in Greenville, SC
Updated monthly: sale, lease, property records, location trend, and more… · Last update: October 31
437 active listings and 8,145 off-market properties in Greenville, SC. Commercial property asks $243/SF to buy and $19.50/SF/Yr to lease. Office vacancy runs 9.7%, the loosest of the segments tracked here.
Market Trends
Greenville, SC spans 148.8 square miles in Greenville County, South Carolina. Figures below refresh monthly; last updated 31 October 2026.
Office
Office space in Greenville, SC has a median asking sale price of $201/SF (based on 8 listings). Vacancy runs 9.7% in 2025, up from 6% in 2019. Down from a 2023 peak of 11.7%.
Retail
Retail space in Greenville, SC has a median asking sale price of $352/SF (based on 4 listings). Vacancy runs 4.7% in 2025, down from 5.7% in 2020. Down from a 2021 peak of 5.9%.
Industrial
Industrial space in Greenville, SC has a median asking sale price of $131/SF (based on 6 listings). Vacancy runs 9.2% in 2025, up from 5.2% in 2019. Down from a 2024 peak of 11.7%.
Multifamily
Multifamily space in Greenville, SC has a median asking sale price of $247/SF. Vacancy 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
- Commercial 60.4%
- Civic 12.8%
- Mixed use 8.5%
- Industrial 8.3%
- Open space 6%
- Planned_development 4%
Largest Zones share of zoned land by district
Greenville, SC zones 16,810 acres across 27 districts. Commercial zoning covers 60.4% of zoned land, open space 6% and industrial 8.3%. The largest single district is Residential House C at 17.5%. For commercial buyers the practical constraint is that only 68.7% of land carries a commercial or industrial designation.
RH-C House C RH-D House D NEIGHBORHOOD-SCALE RN-A Neighborhood A RN-B Neighborhood B RNX-B Neighborhood Flex B RN-C Neighborhood C RNX-C Neighborhood Flex C COMMUNITY-SCALE RC-2 Community 2 RC-3 Community 3 RC-5 Community 5 MIXED USE MX-2 Mixed Use 2 MX-3 Mixed Use 3 MX-5 Mixed Use 5 MX-D Mixed Use Downtown SHOPFRONT MIXED USE MXS-2 Shopfront 2 MXS-3 Shopfro…
Market overview
Demographics & Economy
Greenville, SC has 229,378 residents in 108,129 households. Density runs 1,542 people per square mile. Median household income here is $63,720 and median gross rent $1,163 a month.
Tools
Lease vs Buy Breakeven
At $19.50/SF/Yr lease vs $243/SF buy → buying wins if held > 2.2 years.
At a 8% 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 | Median Asking Price, $/SF | Median Asking Rent, $/SF/Yr |
|---|---|---|
| Greer | $170 | $14.45 |
| Mauldin | $176 | $17.00 |
| Simpsonville | $217 | $16.25 |
Commercial property in Greenville, SC asks $243/SF. The 3 bordering markets run from $170/SF in Greer to $217/SF in Simpsonville, and the city sits above their $176/SF median.
Frequently Asked Questions
What is the median price per square foot for commercial property in Greenville?
How much does it cost to lease commercial space in Greenville?
What is the office vacancy rate in Greenville?
Which property type has the lowest vacancy in Greenville?
Is it cheaper to lease or buy commercial space in Greenville?
How does Greenville compare to nearby markets on price?
What zoning applies to commercial property in Greenville?
Where does Realmo's Greenville market data come from?
Methodology & data sources
- Asking prices and medians
- There are 128 active for-sale and 309 active for-lease listings in Greenville, SC. The medians are based on 27 of the for-sale and 67 of the for-lease listings, those that state a price or rent per square foot. 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: 16,810 zoned acres across 27 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
- multifamily 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
