Greenville Retail Market Report
By CREhunt Research · Data through Q4 2023 · Aggregated from ,
Quarterly retail market indicators for Greenville, aggregated by CREhunt from , . As of Q4 2023, average asking rent was $11.79/SF with a 4.8% vacancy rate.
Projected current retail pricing — Greenville
Projected asking rent
$11.79/SF/yr
Estimated sale value
$90–$114/SF
Modeled estimate (income approach) shown as a range — not an appraisal. Projected asking rent × occupancy × net-operating-income margin band ÷ market cap rate, from Q4 2023 multiple brokerages data (cap rate 8.1%, asking rent held flat). Assumes ~95% occupancy and a 65–82% net-operating-income margin.
| Quarter | Asking rent | Vacancy | Net absorption | Under constr. | Source |
|---|---|---|---|---|---|
| Q4 2023 | $11.79/SF | 4.8% | — | — | |
| Q4 2023 | $11.79/SF | 4.8% | 0K SF | — | |
| Q3 2017 | $15.46/SF | 3.7% | 410K SF | — |
Frequently asked questions
- What is the average asking rent for retail space in Greenville?
- As of Q4 2023, the average asking rent for retail space in Greenville was $11.79/SF.
- What is the retail vacancy rate in Greenville?
- The retail vacancy rate in Greenville was 4.8% as of Q4 2023.
- Where does CREhunt's Greenville market data come from?
- This report aggregates quarterly retail market data for Greenville from major commercial brokerages.
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