Skip to main content Skip to footer

2021 Q3 Retail South Carolina Report

Download Report
alt=""

2020 Census results are positive for South Carolina

Key Takeaways

  • Trends in income, population and retail sales growth will benefit retail in South Carolina
  • The overall retail market vacancy dropped to 5.73%

According to the 2020 Census, South Carolina population has grown from 4.63 million in 2010 to 5.12 million people in 2020, an increase of 10.66% over the past ten years. The average median household income within South Carolina during 2020 was $56,360, a 33.82% increase over the 2010 average median income $42,117. In addition, gross retail sales have increased by 50.53% from 2010 through 2021. 

Download pdf

Download the full report

For more information, including the market summary statistics, download the full research report.

Download report

alt=""

2021 Q3 Retail South Carolina Report

Download Report
Related Experts

Rox Pollard

Vice President & Director of Retail Services Team

Columbia

As Vice President and Director of the Retail Services Team for Colliers International | South Carolina, I specialize in the sale, leasing and development consultation of retail properties across the state. I manage the retail team, which delivers retail brokerage and consultation services to clients through Colliers’ four South Carolina offices. 

I pride myself in my ability to maintain excellent communication with my clients throughout the entire real estate process and even after a transaction is completed. I find that success in my work is defined by making sure that when it is all said and done my clients had an enjoyable and profitable experience. I consider my relationship with my clients as a partnership to help them achieve their goals.

View expert

Lance Byars

Senior Brokerage Associate

Greenville

As a Brokerage Associate for Colliers International | South Carolina’s office in Greenville, I specialize in retail brokerage, which includes the representation of owners, buyers and tenants in the purchase and leasing of retail space. I am a member of the Retail Services Group, a select group of Colliers Brokerage Associates focused on retail brokerage. I have extensive experience with commercial real estate, specifically in retail leasing and offer development representation for clients and strong leasing support in the retail market. I bring experience, knowledge and a fresh look to retail brokerage that generate positive results for my clients.

The most rewarding part of my job is walking down the street and seeing a retail space that I helped a business get into. Helping a client realize their potential and then exceeding their expectations motivates me every day. My goal is to build long-lasting business relationships with clients based in honesty and hard work. Colliers’ team-based approach to deals is also very beneficial to clients because we can put two or more minds on every deal that we are involved in. We make it our job to put the entire office at the disposal of our clients.

View expert

Scott Burgess

Senior Brokerage Associate

Greenville

I specialize in retail brokerage, which includes the representation of owners, buyers and tenants in purchasing and leasing retail space. I have extensive experience with commercial real estate, financing and redevelopment, as well as banking and marketing, which are invaluable to retail clients. I am an analytical creative thinker who thrives in situations that require innovation. My goal is to build long-term client relationships that are built on trust and ingenuity.

The most rewarding part of my job is being able to find and complete a deal that benefits a client as well as the community. Being from Greenville, I have a deep connection to the area and am very passionate about helping it grow even more. Because so much of our work as Colliers brokers relies on collaboration and teamwork, we can bounce ideas off one another and make sure that nothing is overlooked. This is something that differentiates Colliers from other firms and a major reason I enjoy the work.

View expert

Frank Hammond

Shareholder

Greenville

Serving as a Shareholder of the company, my specific areas of brokerage expertise include landlord/seller and tenant/buyer representation for land, retail and investment properties. I also have significant experience advising and consulting with financial institutions on troubled assets and OREO.

The most rewarding part of my job is identifying either a problem and solving it or recognizing an opportunity and capitalizing on it. This is a strength that translates into real estate solutions for my clients that not only accomplish the goal set forth, but also exceed their expectations and set a path for continuous business growth. I am very straightforward in my approach to real estate and interacting with clients, always handling a deal for the client’s wants and best interests first and foremost. 

View expert

Tripp Bradley

Vice President

Columbia

I am a Vice President with Colliers International - South Carolina with a focus on retail land and site selection brokerage. I assess the needs of my clients, analyze the market for opportunities and guide them through the decision-making process that results in the selection of the best locations for their business. Typically, this requires attention to location, visibility, ingress/egress, pricing, zoning, signage, individual market trends, market footprints and overall feasibility, among many other factors that are important and unique to each client.

My number one priority is delivering the best service to my clients. I pride myself in being an asset in finding a solution to a client’s need and define my own success through the success of my clients.

View expert

Craig Waites

Vice President & Director of Commercial Brokerage Team

Columbia

I am a Vice President of Colliers International | South Carolina as well as the Director of the Commercial Brokerage Group. I have been with Colliers since 1995, specializing in site selection, land brokerage and the sale of retail/owner-occupied properties. I have completed over 380 transactions with a cumulative value in excess of $295 million.

My niche and expertise are in land planning and the entitlement process, having coordinated numerous zoning efforts, permitting processes and developmental meetings, with municipalities and the SCDOT.

View expert

Patrick Nealon

Brokerage Associate

Charleston

I am a Brokerage Associate and part of the Retail Services Team in the Charleston office. I enjoy working in retail real estate because it is ever-changing with technology, e-commerce and last-mile delivery. I am highly motivated, dedicated, high energy, persistent and bring a fresh perspective to the evolving industry. The most rewarding part of my job is helping people find a space that suits their business. It is exciting to me that you never know who you will meet, who you will run into or what will come your way.

View expert

Greyson Furnas

Brokerage Associate

Spartanburg

I am a Brokerage Associate in Colliers International | South Carolina’s Spartanburg office, specializing in downtown retail and office properties as well as land on both the tenant and landlord side.

Having grown up around real estate as part of the family business and being from the Upstate of South Carolina, my knowledge of this market is strong and has proven to be an asset for my clients over the years.

My understanding and experience working through the financial aspects of the industry also helps me guide clients towards smart business decisions.

I find solving challenges and reaching creative solutions the most rewarding part of brokerage in addition to helping bring new businesses into the upstate and seeing the positive impact they have on the community.

My clients include local and national landlords as well as businesses looking to find their perfect location in the Spartanburg area.

View expert

Lyn Tyner

Brokerage Associate

Greenville

I joined Colliers International in 2001 following a 17-year career as a business owner, property developer and property owner. I provide client-focused real estate solutions for companies ranging from small locally-owned businesses to large corporations and high net worth individuals. My strength is my depth of experience on both ends of the spectrum. I draw on my extensive business and brokerage background to solve complex client assignments and to assist clients with achieving their stated goal, be it an acquisition, a disposition or the repositioning of an asset within the market.

View expert

Danny Bonds

Senior Brokerage Associate

Columbia

As a Senior Brokerage Associate for Colliers International | South Carolina, I specialize in the leasing of neighborhood shopping centers. I am a member of the Colliers Retail Services Team and am responsible for increasing the Colliers retail portfolio in South Carolina. I strive to always do the best that I can, no matter the size of a deal, and I am motivated to continue to do so by exceeding my clients’ expectations. 

I find that working with retail, a brokerage associate must be knowledgeable in recognizing a client’s needs as well as the trends of the market. I believe that I offer valuable insight into the market, excellent communication and the ability to read situations well.

View expert