Commercial Real Estate Market in Murrells Inlet, SC
Updated monthly: sale, lease, property records, location trend, and more… · Last update: August 31
98 active listings and 1,271 off-market properties in Murrells Inlet, SC. Commercial property asks $1,015/SF to buy and $33.54/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 August 2026.
Office
Office space in Murrells Inlet, SC asks $227/SF to buy. Vacancy runs 20.2% across the South region in 2025, up from 14.4% in 2019.
Average Sale Price $/SF
Listings
Vacancy Rate % in South region
Retail
Retail space in Murrells Inlet, SC asks $257/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 Murrells Inlet, 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 Murrells Inlet, SC asks $266/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
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.
32,476
Population
22,097
Households
1.5
Avg Household Size
61
Median Age
32%
College-Educated
96%
High-School Grad
30.5 sq mi
ZIP Area
1,066
Density / Sq Mi
$70,343
Median Household Income
$36,352
Median Earnings
$1,467
Median Rent
$315,700
Median Home Value
Tools
Lease vs Buy Breakeven
At $33.54/SF/Yr lease vs $1,015/SF buy → leasing stays cheaper across the full 30-year hold modeled here.
At a 3.3% 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 |
|---|---|---|
| Garden City Beach | — | — |
| Garden City | — | — |
| Surfside Beach | — | $17.57 |
| North Litchfield | — | — |
Commercial property in Murrells Inlet, SC asks $1,015/SF.
Frequently Asked Questions
What is the average price per square foot for commercial property in Murrells Inlet?
Commercial property in Murrells Inlet, SC asks an average of $1,015 per square foot. The 3 most recent recorded sales traded at a median of $129/SF, so asking sits 686% above the achieved median. Multifamily carries the highest asking price at $266/SF.
How much does it cost to lease commercial space in Murrells Inlet?
Asking lease rates in Murrells Inlet, SC average $33.54 per square foot per year.
Is it cheaper to lease or buy commercial space in Murrells Inlet?
In Murrells Inlet, SC, leasing stays cheaper across the modelled hold period. 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.
Where does Realmo's Murrells Inlet market data come from?
Realmo compiles Murrells Inlet, SC figures from 7 recent recorded sales, 75 active sale listings, 23 active lease listings, 1,271 tracked off-market properties. Sale and lease figures refresh monthly; vacancy annually. Last updated 31 August 2026.
Methodology & data sources
- Asking prices and averages
- Computed from 75 active for-sale and 23 active for-lease listings in Murrells Inlet, 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.
- 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
