Commercial Real Estate Market in Murrells Inlet, SC
Updated monthly: sale, lease, property records, location trend, and more… · Last update: October 31
108 active listings and 1,271 off-market properties in Murrells Inlet, SC. Commercial property asks $263/SF to buy and $19.75/SF/Yr to lease.
Market Trends
Murrells Inlet, SC spans 30.5 square miles in Horry County, South Carolina. Figures below refresh monthly; last updated 31 October 2026.
Office
Office vacancy in Murrells Inlet, SC runs 20.2% across the South region in 2025, up from 14.4% in 2019.
Retail
Retail vacancy in Murrells Inlet, SC runs 5.4% across the South region in 2025, down from 7% in 2020.
Industrial
Industrial space in Murrells Inlet, SC has a median asking sale price of $418/SF (based on 3 listings). Vacancy runs 7.9% across the South region in 2025, up from 6% in 2019. Nearly 2.3x the 2022 low of 3.5%.
Multifamily
Multifamily space in Murrells Inlet, SC has a median asking sale price of $221/SF (based on 6 listings). Vacancy runs 11.3% across the South region in 2025, up from 8.5% in 2022.
Market overview
Demographics & Economy
Murrells Inlet, SC has 32,476 residents in 22,097 households. Density runs 1,066 people per square mile. Median household income here is $70,343 and median gross rent $1,467 a month.
Tools
Lease vs Buy Breakeven
At $19.75/SF/Yr lease vs $263/SF buy → buying wins if held > 2.6 years.
At a 7.5% 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 | Median Asking Price, $/SF | Median Asking Rent, $/SF/Yr |
|---|---|---|
| Surfside Beach | $233 | $16.02 |
| Myrtle Beach | $252 | $20.00 |
| Pawleys Island | $215 | $20.08 |
Commercial property in Murrells Inlet, SC asks $263/SF. The 3 bordering markets run from $215/SF in Pawleys Island to $252/SF in Myrtle Beach, and the city sits above their $233/SF median.
Frequently Asked Questions
What is the median price per square foot for commercial property in Murrells Inlet?
How much does it cost to lease commercial space in Murrells Inlet?
Is it cheaper to lease or buy commercial space in Murrells Inlet?
How does Murrells Inlet compare to nearby markets on price?
Where does Realmo's Murrells Inlet market data come from?
Methodology & data sources
- Asking prices and medians
- There are 32 active for-sale and 76 active for-lease listings in Murrells Inlet, SC. The medians are based on 14 of the for-sale and 64 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.
- 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
- 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 October 2026 · How Realmo checks market page data · Report a data issue
