Commercial Real Estate Market in Lyman, SC
Updated monthly: sale, lease, property records, location trend, and more… · Last update: August 31
16 active listings and 165 off-market properties in Lyman, SC.
Market Trends
Lyman, SC spans 17.6 square miles in Spartanburg County, South Carolina. Figures below refresh monthly; last updated 31 August 2026.
Office
Office vacancy in Lyman, SC runs 20.2% across the South region in 2025, up from 14.4% in 2019.
Vacancy Rate % in South region
Retail
Retail space in Lyman, SC asks $157/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 Lyman, 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 Lyman, SC asks $139/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
- Residential 63.8%
- Industrial 25.6%
- Commercial 9.2%
- Civic 0.3%
Largest Zones share of zoned land by district
Single Family Low Density Residential
General Industrial
Single Family Patio Home Residential
Single Family Medium Density Residential
General Business District 1
Lyman, SC zones 3,904 acres across 13 districts. Commercial zoning covers 9.2% of zoned land, residential 63.8% and industrial 25.6%. The largest single district is Single Family Low Density Residential at 35.4%. For commercial buyers the practical constraint is that only 34.8% of land carries a commercial or industrial designation.
Single Family Low Density Residential (R-15)
This district is intended to foster, preserve and protect areas of the community in which the principal use of land is detached, single family dwellings and related support facilities.
Market overview
Demographics & Economy
Lyman, SC has 13,882 residents in 5,193 households. Density runs 790 people per square mile. Median household income here is $73,142 and median gross rent $1,208 a month.
13,882
Population
5,193
Households
2.7
Avg Household Size
38
Median Age
25%
College-Educated
91%
High-School Grad
17.6 sq mi
ZIP Area
790
Density / Sq Mi
$73,142
Median Household Income
$44,916
Median Earnings
$1,208
Median Rent
$230,500
Median Home Value
Tools
Nearby Markets
| Market | Average Sale Price, $/SF | Average Lease Price, $/SF/Yr |
|---|---|---|
| Wellford | — | — |
| Duncan | — | $16.50 |
| Startex | — | — |
| Inman | — | — |
Commercial property in Lyman, SC asks $1,387/SF.
Frequently Asked Questions
What is the average price per square foot for commercial property in Lyman?
Commercial property in Lyman, SC asks an average of $1,387 per square foot. The 3 most recent recorded sales traded at a median of $180/SF, so asking sits 671% above the achieved median. Retail carries the highest asking price at $157/SF.
What zoning applies to commercial property in Lyman?
Lyman, SC zones 3,904 acres across 13 districts, of which 9.2% is commercial and 25.6% industrial. The largest single district is Single Family Low Density Residential at 35.4% of zoned land. This district is intended to foster, preserve and protect areas of the community in which the principal use of land is detached, single family dwellings and related support facilities. Residential zoning covers 63.8% and open space 0%.
Where does Realmo's Lyman market data come from?
Realmo compiles Lyman, SC figures from 3 recent recorded sales, 14 active sale listings, 2 active lease listings, 165 tracked off-market properties, the current Lyman zoning release. Sale and lease figures refresh monthly; vacancy annually. Last updated 31 August 2026.
Methodology & data sources
- Asking prices and averages
- Computed from 14 active for-sale and 2 active for-lease listings in Lyman, 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: 3,904 zoned acres across 13 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
