Spartanburg, SC
Commercial Real Estate Market Trends & Data

$305 Avg asking sale price
$10,779 Avg asking lease rate
57,561 SF Avg unit lease size
23,242 SF Avg building size for sale
7.58% Average cap rate

Spartanburg's Demographic Profile

Spartanburg has 17,540 households and a median income of $45,312, providing context for rent absorption and tenant demand across retail and multifamily assets. A +12% five-year population trend is a key signal for evaluating long-term demand in this market.

Key Demographic Metric Value
Population 42,749
# Households 17,540
Median age 36
Median household income $45,312
Avg household size 2.0
Renter-occupied housing units 9,304
5-year population change +12%

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

↻ Updated Monthly

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Nearby Retail Markets Avg Cost/SF Typical Size
Spartanburg $315 5,555 SF
Moore $367 8,894 SF
Boiling Springs $696 5,400 SF
Wellford $84 4,212 SF
Duncan $296 6,473 SF
Nearby Multifamily Markets Avg Cost/SF Typical Size Cap Max
Spartanburg $147 23,284 SF 14.03%
Union $141 6,000 SF 2.88%

Commercial Properties For Sale in Spartanburg

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

3808 Moore-Duncan Highway

Moore, SC 29369

  • 33 AC Lot
  • 1 Commercial Lot
  • $4,600,000
For Sale

131 Fine Rd

Spartanburg, SC 29303

  • 4,000 SF Industrial Building
  • $2,850,000
For Sale

Stinson Office

Spartanburg, SC 29307

  • 5,100 SF Office Building
  • $899,000
For Sale

West Main Street Motel

Spartanburg, SC 29301

  • 11,739 SF Hospitality
  • $2,500,000
For Sale

Means Road Pacolet, SC

Pacolet, SC 29372

  • 90 AC Lot
  • 1 Agricultural Lot
  • $750,000
For Sale

3917 S Church Street Ext

Roebuck, SC 29376

  • 2.70 AC Lot
  • 1 Commercial Lot
  • $185,000

Average Price For Sale

↻ Updated Monthly

Average Size 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 Spartanburg pricing and building scale sit above, below, or in line with surrounding areas.

Commercial Markets Avg Cost/SF Average Size
Spartanburg $305 23,242 SF
Una $313 7,200 SF
Arcadia $1,645 19,046 SF
Roebuck $74 14,659 SF
Moore $418 17,909 SF

Regional Demographic Comparison

This comparison places Spartanburg 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 Spartanburg or distributed across surrounding areas.

City Population # Households Age Median Household Income Avg Household Size Renter Occupied Housing Units Five Yr Pop Growth %
Spartanburg 42,749 17,540 36 $45,312 2 9,304 12%
Arcadia 3,195 1,277 33 $41,394 3 883 9%
Roebuck 2,530 943 39 $60,189 3 195 11%
Moore 18,060 6,940 41 $78,151 3 1,180 12%

Disclaimer: The figures on this page reflect LoopNet's active commercial listings in Spartanburg, 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 Spartanburg

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

Spartanburg 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 Spartanburg?

The pricing and size metrics on this page help business owners compare the cost of ownership against leasing in Spartanburg. 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 Spartanburg?

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

How does Spartanburg compare to nearby commercial real estate markets?

Nearby market comparisons highlight differences in pricing, building scale, and cap rate ranges relative to Spartanburg. 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 Spartanburg acquisitions?

This page provides high-level benchmarks for pricing, deal size, and observed cap rates in Spartanburg, 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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