Commercial Real Estate Market in North Myrtle Beach, SC
Updated monthly: sale, lease, property records, location trend, and more… · Last update: October 31
83 active listings and 1,076 off-market properties in North Myrtle Beach, SC. Commercial property asks $330/SF to buy and $20.00/SF/Yr to lease.
Market Trends
North Myrtle Beach, SC spans 21.9 square miles in Horry County, South Carolina. Figures below refresh monthly; last updated 31 October 2026.
Office
Office vacancy in North Myrtle Beach, SC runs 20.2% across the South region in 2025, up from 14.4% in 2019.
Retail
Retail vacancy in North Myrtle Beach, SC runs 5.4% across the South region in 2025, down from 7% in 2020.
Industrial
Industrial vacancy in North 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%.
Multifamily
Multifamily space in North Myrtle Beach, SC has a median asking sale price of $320/SF. Vacancy runs 11.3% across the South region in 2025, up from 8.5% in 2022.
Market overview
Demographics & Economy
North Myrtle Beach, SC has 18,897 residents in 27,559 households. Density runs 862 people per square mile. Median household income here is $71,030 and median gross rent $1,194 a month.
Tools
Lease vs Buy Breakeven
At $20.00/SF/Yr lease vs $330/SF buy → buying wins if held > 5 years.
At a 6.1% 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.
Frequently Asked Questions
What is the median price per square foot for commercial property in North Myrtle Beach?
How much does it cost to lease commercial space in North Myrtle Beach?
Is it cheaper to lease or buy commercial space in North Myrtle Beach?
Where does Realmo's North Myrtle Beach market data come from?
Methodology & data sources
- Asking prices and medians
- There are 47 active for-sale and 36 active for-lease listings in North Myrtle Beach, SC. The medians are based on 37 of the for-sale and 27 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
