Market Highlights

South Carolina's retail market continues to tighten as population growth and high construction costs combine to limit vacancy and drive rents higher across the state. High-quality availabilities are rare, often sparking competition between tenants.

Key Takeaways

* Minimal high-quality availability sparking tenant competition

* New retailers entering South Carolina markets due to growing population and wealth

* Construction centers on smaller strip centers outside traditional retail nodes

Emerging Trends

Persistently high ground-up construction costs are driving redevelopment of existing properties, as several legacy malls across the state are undergoing demolition and replacement with mixed-use centers. New construction is increasingly expanding outside of existing retail nodes with a focus on grocery-anchored centers and small strip buildings on outparcels.