New retail is necessary throughout South Carolina to meet demand
Key Takeaways
- An influx of new residents to South Carolina will boost retail demand
- South Carolina retail vacancy rates have steadily decreased over the past year to 3.24%
South Carolina housing permits rose 27% from February 2022 to March 2022 indicating new residents are moving to the State. Retail growth follows new housing because new residents indicate population growth which, in turn, increases the demand for retail.
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