Commercial Real Estate Market in Myrtle Beach, SC
Updated monthly: sale, lease, property records, location trend, and more… · Last update: October 31
456 active listings and 11,954 off-market properties in Myrtle Beach, SC. Commercial property asks $252/SF to buy and $20.00/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 October 2026.
Office
Office space in Myrtle Beach, SC asks $23.25/SF/Yr to lease; the median asking sale price is $252/SF. Vacancy runs 20.2% across the South region in 2025, up from 14.4% in 2019.
Retail
Retail space in Myrtle Beach, SC has a median asking sale price of $145/SF. Vacancy runs 5.4% across the South region in 2025, down from 7% in 2020.
Industrial
Industrial space in Myrtle Beach, SC asks $27.18/SF/Yr to lease. 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 Myrtle Beach, SC has a median asking sale price of $278/SF. Vacancy runs 11.3% across the South region in 2025, up from 8.5% in 2022.
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.
Tools
Lease vs Buy Breakeven
At $20.00/SF/Yr lease vs $252/SF buy → buying wins if held > 2.3 years.
At a 7.9% 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 |
| Murrells Inlet | $263 | $19.75 |
| Conway | $166 | $15.58 |
| Pawleys Island | $215 | $20.08 |
Commercial property in Myrtle Beach, SC asks $252/SF. The 4 bordering markets run from $166/SF in Conway to $263/SF in Murrells Inlet, and the city sits above their $224/SF median.
Frequently Asked Questions
What is the median price per square foot for commercial property in Myrtle Beach?
How much does it cost to lease commercial space in Myrtle Beach?
Is it cheaper to lease or buy commercial space in Myrtle Beach?
How does Myrtle Beach compare to nearby markets on price?
Where does Realmo's Myrtle Beach market data come from?
Methodology & data sources
- Asking prices and medians
- There are 166 active for-sale and 290 active for-lease listings in Myrtle Beach, SC. The medians are based on 87 of the for-sale and 206 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 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 October 2026 · How Realmo checks market page data · Report a data issue
