Commercial Real Estate Market in Greenville, SC
Updated monthly: sale, lease, property records, location trend, and more… · Last update: August 31
740 active listings and 8,145 off-market properties in Greenville, SC. Commercial property asks $108/SF to buy and $22.54/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 August 2026.
Office
Office vacancy in Greenville, SC runs 9.7% in 2025, up from 6% in 2019. Down from a 2023 peak of 11.7%.
Vacancy Rate %
Retail
Retail vacancy in Greenville, SC runs 4.7% in 2025, down from 5.7% in 2020. Down from a 2021 peak of 5.9%.
Vacancy Rate %
Industrial
Industrial vacancy in Greenville, SC runs 9.2% in 2025, up from 5.2% in 2019. Down from a 2024 peak of 11.7%.
Vacancy Rate %
Multifamily
Multifamily vacancy in Greenville, 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
- 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
Residential House C
Special Campus
Residential House B
Residential House A
Residential Community 2
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.
Residential House C (RH-C)
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.
229,378
Population
108,129
Households
2.1
Avg Household Size
37
Median Age
40%
College-Educated
88%
High-School Grad
148.8 sq mi
ZIP Area
1,542
Density / Sq Mi
$63,720
Median Household Income
$40,970
Median Earnings
$1,163
Median Rent
$286,747
Median Home Value
Tools
Nearby Markets
| Market | Average Sale Price, $/SF | Average Lease Price, $/SF/Yr |
|---|---|---|
| Taylors | — | — |
| Greer | — | $14.69 |
| Batesville | — | — |
| Mauldin | — | — |
Commercial property in Greenville, SC asks $108/SF.
Frequently Asked Questions
What is the average price per square foot for commercial property in Greenville?
Commercial property in Greenville, SC asks an average of $108 per square foot.
How much does it cost to lease commercial space in Greenville?
Asking lease rates in Greenville, SC average $22.54 per square foot per year.
What is the office vacancy rate in Greenville?
Office vacancy in Greenville, SC is 9.7% as of 2025, up from 6% in 2019. Retail vacancy is 4.7%, below Office vacancy.
Which property type has the lowest vacancy in Greenville?
Retail has the lowest vacancy in Greenville, SC at 4.7%, inside a 4.4–5.9% band since 2020. For comparison: office 9.7%, industrial 9.2% and multifamily 11.3% (South).
What zoning applies to commercial property in Greenville?
Greenville, SC zones 16,810 acres across 27 districts, of which 60.4% is commercial and 8.3% industrial. The largest single district is Residential House C at 17.5% of zoned land. 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… Residential zoning covers 0% and open space 6%.
Where does Realmo's Greenville market data come from?
Realmo compiles Greenville, SC figures from 5 recent recorded sales, 447 active sale listings, 293 active lease listings, 8,145 tracked off-market properties, the current Greenville zoning release. Sale and lease figures refresh monthly; vacancy annually. Last updated 31 August 2026.
Methodology & data sources
- Asking prices and averages
- Computed from 447 active for-sale and 293 active for-lease listings in Greenville, 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: 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 August 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 August 2026 · report a data issue
