Florence, SC
Commercial Real Estate Market Trends & Data

$128 Avg asking sale price
$9,695 Avg asking lease rate
133,946 SF Avg unit lease size
49,416 SF Avg building size for sale
9.00% Average cap rate

Florence's Demographic Profile

Florence has 16,889 households and a median income of $52,291, providing context for rent absorption and tenant demand across retail and multifamily assets. A 0% five-year population trend is a key signal for evaluating long-term demand in this market.

Key Demographic Metric Value
Population 40,044
# Households 16,889
Median age 40
Median household income $52,291
Avg household size 2.0
Renter-occupied housing units 7,176
5-year population change 0%

{{marketTabHeadings[activeMarketTab]}} Market Metrics Near Florence, SC

↻ Updated Monthly

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Nearby Office Markets Avg Cost/SF Typical Size Cap Max
Florence $233 43,480 SF 5.24%
Darlington $550 49,300 SF 5.24%
Hartsville $115 7,456 SF 8.08%
Nearby Retail Markets Avg Cost/SF Typical Size
Florence $111 8,162 SF
Darlington $128 5,900 SF
Coward $154 9,100 SF
Marion $100 15,000 SF
Lake City $78 2,500 SF
Nearby Multifamily Markets Avg Cost/SF Typical Size Cap Max
Florence $130 50,000 SF 6.62%
Darlington $46 25,000 SF 9.10%
Hemingway $57 49,600 SF 5.16%

Commercial Properties For Sale in Florence

The listings below reflect how current market pricing and building scale translate into active opportunities available today.
For Sale

Florence SFR Portfolio

Florence, SC 29505

  • 50,000 SF Specialty
  • 6.62% Cap Rate
  • $6,500,000
For Sale

818 S Cashua Dr

Florence, SC 29501

  • 2,422 SF Flex Building
  • $265,000
For Sale

817 S Cashua Dr

Florence, SC 29501

  • 15,450 SF Retail Building
  • 7.98% Cap Rate
  • $1,550,000
For Sale

910 W Evans st

Florence, SC 29501

  • 2,165 SF Office Building
  • $300,000
For Sale

11+ cap !! NNN Walgreens

Florence, SC 29501

  • 14,438 SF Retail Building
  • 11.17% Cap Rate
  • $2,995,000
For Sale

818 W Darlington St

Florence, SC 29501

  • 1 AC Lot
  • 1 Commercial Lot
  • $73,238

Average Price For Sale

↻ Updated Monthly

Average Price For Lease

↻ Updated Monthly

Number of Listings

↻ Updated Monthly

Cap Rate

↻ Updated Monthly

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Nearby Commercial Markets

Comparing nearby markets helps investors see whether Florence pricing and building scale sit above, below, or in line with surrounding areas.

Commercial Markets Avg Cost/SF Average Size
Florence $128 49,416 SF
Quinby $48 19,960 SF
Darlington $213 21,525 SF
Coward $154 9,100 SF
Pamplico $13 149,259 SF

Regional Demographic Comparison

This comparison places Florence alongside nearby cities to show how population size, household counts, and income levels differ across the region. Viewing these markets side by side helps investors understand whether local demand and income characteristics are concentrated in Florence or distributed across surrounding areas.

City Population # Households Age Median Household Income Avg Household Size Renter Occupied Housing Units Five Yr Pop Growth %
Quinby 844 320 39 $63,333 3 107 -1%
Darlington 6,041 2,559 44 $31,820 2 1,197 -1%
Coward 659 263 39 $50,556 3 65 -5%
Pamplico 587 233 41 $32,142 2 78 -9%

Disclaimer: The figures on this page reflect LoopNet's active commercial listings in Florence, SC and update as inventory changes. Averages can shift between periods or vary across property types depending on the mix of listings available at a given time, so individual metrics may not reflect broader market trends. These figures are best used as directional benchmarks for early market evaluation. For comprehensive commercial real estate data and analytics, subscribe to CoStar.

FAQs About Commercial Investing in Florence

View All Commercial Real Estate For Sale in Florence
Is Florence a good market for a first-time commercial real estate investor?

Florence offers commercial properties across a wide range of sizes and price points. By reviewing the market data and benchmarks on this page, first-time investors can better understand what a typical commercial property looks like before committing capital and narrowing in on specific listings.

How can this market data help me decide whether to buy commercial property for my business in Florence?

The pricing and size metrics on this page help business owners compare the cost of ownership against leasing in Florence. Typical building sizes and asking prices provide a starting point for evaluating space needs, budget fit, and long term occupancy costs before engaging lenders or brokers.

What should conservative investors focus on when evaluating commercial properties in Florence?

Conservative investors often prioritize manageable deal sizes, stable pricing ranges, and cap rate benchmarks shown for Florence. These metrics help assess whether current market conditions support steady income potential without relying on aggressive assumptions.

How does Florence compare to nearby commercial real estate markets?

Nearby market comparisons highlight differences in pricing, building scale, and cap rate ranges relative to Florence. Reviewing these side by side helps experienced investors identify relative value, pricing premiums, or alternative markets that may better align with return targets.

How can this page support early-stage deal screening for Florence acquisitions?

This page provides high-level benchmarks for pricing, deal size, and observed cap rates in Florence, which are useful for initial market filtering. Institutional and data-driven investors often use these signals to prioritize listings that meet size, pricing, and return thresholds before deeper underwriting.

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