Commercial Real Estate Market in Greer, SC
Updated monthly: sale, lease, property records, location trend, and more… · Last update: August 31
200 active listings and 1,961 off-market properties in Greer, SC. Commercial property asks $128/SF to buy and $14.69/SF/Yr to lease.
Market Trends
Greer, SC spans 107.6 square miles in Greenville County, South Carolina. Figures below refresh monthly; last updated 31 August 2026.
Office
Office vacancy in Greer, 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 Greer, SC runs 5.4% across the South region in 2025, down from 7% in 2020.
Vacancy Rate % in South region
Industrial
Industrial vacancy in Greer, 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 Greer, 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 56.3%
- Industrial 21.4%
- Planned_development 10.8%
- Commercial 10.3%
Largest Zones share of zoned land by district
Manufacturing And Logistics
Suburban Neighborhood
Rural Residential
Planned Development
Design Review District
Greer, SC zones 15,064 acres across 11 districts. Commercial zoning covers 10.3% of zoned land, residential 56.3% and industrial 21.4%. The largest single district is Manufacturing And Logistics at 21.4%. For commercial buyers the practical constraint is that only 31.7% of land carries a commercial or industrial designation.
Manufacturing And Logistics (ML)
ML GS, NC RC, CC RR, SN, TN 1 2 2 3 4 2 3 MD, HD 2 1 2 2 3 2 3 OP 2 2 X 2 2 1 2 CG 3 2 2 X 2 2 2 BT, ML 4 3 2 2 X 3 2 GS, NC 2 2 1 2 3 X 3 RC, CC 3 3 2 2 2 3 X G. Perimeter Buffer Adjacent to Like District. 1. When adjacent to property with the same zoning district, alternative buffer standards may be granted administratively by the Director or a designee. H…
Market overview
Demographics & Economy
Greer, SC has 89,499 residents in 38,786 households. Density runs 832 people per square mile. Median household income here is $85,460 and median gross rent $1,161 a month.
89,499
Population
38,786
Households
2.3
Avg Household Size
40
Median Age
42%
College-Educated
92%
High-School Grad
107.6 sq mi
ZIP Area
832
Density / Sq Mi
$85,460
Median Household Income
$48,154
Median Earnings
$1,161
Median Rent
$293,663
Median Home Value
Tools
Lease vs Buy Breakeven
At $14.69/SF/Yr lease vs $128/SF buy → buying wins if held > 1.1 years.
At a 11.5% 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 | Average Sale Price, $/SF | Average Lease Price, $/SF/Yr |
|---|---|---|
| Batesville | — | — |
| Taylors | — | — |
| Greenville | — | $22.54 |
| Duncan | — | $16.50 |
Commercial property in Greer, SC asks $128/SF.
Frequently Asked Questions
What is the average price per square foot for commercial property in Greer?
Commercial property in Greer, SC asks an average of $128 per square foot. The 3 most recent recorded sales traded at a median of $150/SF.
How much does it cost to lease commercial space in Greer?
Asking lease rates in Greer, SC average $14.69 per square foot per year.
Is it cheaper to lease or buy commercial space in Greer?
Buying beats leasing in Greer, SC if the property is held longer than 1.1 years, comparing $14.69/SF/Yr asking rent with $128/SF asking price. The model assumes 30% down at 6.5% fixed, 2% of value per year in taxes and upkeep, 3% appreciation, 5% opportunity cost on the cash and a 3% annual rent escalator.
What zoning applies to commercial property in Greer?
Greer, SC zones 15,064 acres across 11 districts, of which 10.3% is commercial and 21.4% industrial. The largest single district is Manufacturing And Logistics at 21.4% of zoned land. ML GS, NC RC, CC RR, SN, TN 1 2 2 3 4 2 3 MD, HD 2 1 2 2 3 2 3 OP 2 2 X 2 2 1 2 CG 3 2 2 X 2 2 2 BT, ML 4 3 2 2 X 3 2 GS, NC 2 2 1 2 3 X 3 RC, CC 3 3 2 2 2 3 X G. Perimeter Buffer Adjacent to Like District. 1. When adjacent to property with the same zoning district, alternative buffer standards may be granted administratively by the Director or a designee. H… Residential zoning covers 56.3% and open space 0%.
Where does Realmo's Greer market data come from?
Realmo compiles Greer, SC figures from 7 recent recorded sales, 159 active sale listings, 41 active lease listings, 1,961 tracked off-market properties, the current Greer zoning release. Sale and lease figures refresh monthly; vacancy annually. Last updated 31 August 2026.
Methodology & data sources
- Asking prices and averages
- Computed from 159 active for-sale and 41 active for-lease listings in Greer, 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: 15,064 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
