Commercial Real Estate Market in Myrtle Beach, SC
Updated monthly: sale, lease, property records, location trend, and more… · Last update: August 31
470 active listings and 11,957 off-market properties in Myrtle Beach, SC. Commercial property asks $391/SF to buy and $22.75/SF/Yr to lease.
Market Trends
Myrtle Beach, SC spans 136.9 square miles in Horry County, South Carolina. Figures below refresh monthly; last updated 31 August 2026.
Office
Office space in Myrtle Beach, 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 Myrtle Beach, 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 Myrtle Beach, 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 Myrtle Beach, 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
Myrtle Beach, SC has 161,446 residents in 100,247 households. Density runs 1,179 people per square mile. Median household income here is $66,026 and median gross rent $1,275 a month.
161,446
Population
100,247
Households
1.6
Avg Household Size
47
Median Age
31%
College-Educated
93%
High-School Grad
136.9 sq mi
ZIP Area
1,179
Density / Sq Mi
$66,026
Median Household Income
$36,293
Median Earnings
$1,275
Median Rent
$286,700
Median Home Value
Tools
Lease vs Buy Breakeven
At $22.75/SF/Yr lease vs $391/SF buy → buying wins if held > 5.8 years.
At a 5.8% 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 |
|---|---|---|
| Surfside Beach | — | $17.57 |
| Garden City | — | — |
| Garden City Beach | — | — |
| Murrells Inlet | — | $33.54 |
Commercial property in Myrtle Beach, SC asks $391/SF.
Frequently Asked Questions
What is the average price per square foot for commercial property in Myrtle Beach?
Commercial property in Myrtle Beach, SC asks an average of $391 per square foot. Multifamily carries the highest asking price at $266/SF.
How much does it cost to lease commercial space in Myrtle Beach?
Asking lease rates in Myrtle Beach, SC average $22.75 per square foot per year.
Is it cheaper to lease or buy commercial space in Myrtle Beach?
Buying beats leasing in Myrtle Beach, SC if the property is held longer than 5.8 years, comparing $22.75/SF/Yr asking rent with $391/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.
Where does Realmo's Myrtle Beach market data come from?
Realmo compiles Myrtle Beach, SC figures from 4 recent recorded sales, 332 active sale listings, 138 active lease listings, 11,957 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 332 active for-sale and 138 active for-lease listings in Myrtle Beach, 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 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
