Myrtle Beach, South Carolina: A Premier Destination for Commercial Real Estate

Introduction

Myrtle Beach, South Carolina, is a burgeoning hub for commercial real estate (CRE) investment, offering a strategic location with a diverse economy. Known for its tourism-driven economy, the city also supports growing sectors in retail, healthcare, and education. Its unique coastal positioning and robust infrastructure make it an attractive destination for CRE professionals seeking opportunities in various asset classes.

Economic and Industry Overview

Myrtle Beach's economy is predominantly anchored in tourism, with hospitality and retail sectors driving significant demand for commercial spaces. However, the city also boasts a growing healthcare industry, with medical centers expanding their footprint in the region. The presence of institutions like Coastal Carolina University fosters innovation and demand for office spaces and research facilities. The Myrtle Beach Regional Economic Development Corporation spearheads initiatives to attract and retain businesses, further boosting CRE demand.

Strategic Location and Transportation Infrastructure

Myrtle Beach benefits from a well-connected transportation network:

• Highways: U.S. Highway 17 and U.S. Highway 501 are major arteries facilitating regional connectivity.
• Airport: The Myrtle Beach International Airport offers direct flights to major cities, enhancing business travel and logistics.
• Ports: Proximity to the Port of Charleston provides significant logistical advantages for trade and distribution.

The city's strategic location on the Atlantic coast and access to skilled labor pools make it ideal for distribution centers and logistics operations.

Commercial Real Estate Inventory & Zoning

Myrtle Beach features several prominent CRE submarkets:

• Central Business District (CBD): Known for its vibrant retail and office spaces.
• Industrial Corridors: Located along major highways, offering warehouse and distribution facilities.
• Innovation Districts: Emerging areas near educational institutions fostering tech startups and research.

The city offers incentives for developers, and recent zoning changes have facilitated mixed-use developments. Explore the City of Myrtle Beach's zoning maps for more details.

Major Employers and Institutions

Key employers include:

• Healthcare: Grand Strand Medical Center
• Education: Coastal Carolina University
• Retail: Tanger Outlets and Broadway at the Beach

These institutions drive substantial demand for commercial properties, supporting a diverse workforce. For more information, visit the Myrtle Beach Chamber of Commerce.

Notable Commercial Developments & Projects

Significant developments in Myrtle Beach include:

• Market Common: A large-scale mixed-use development featuring retail, residential, and office spaces.
• Opportunity Zones: Designated areas offering tax incentives for investors.

For detailed planning maps and project statuses, refer to the City of Myrtle Beach Planning Department.

Building Permits, Planning, and Development Tools

Access essential resources for developers:

• City's Building and Safety Department
• Permitting Portal
• Parcel Map Viewer
• Planning Commission
• Development Code

Market Data & Economic Reports

Leverage public data sets for market insights:

• U.S. Census Bureau
• City's Open Data Portal

Brevitas uses AI-powered aggregation from public data and internal insights to provide comprehensive market analysis. Explore our Brevitas-powered dashboards for Myrtle Beach.

Why Use Brevitas for Myrtle Beach, South Carolina CRE?

Brevitas offers a cutting-edge platform for CRE discovery in Myrtle Beach, utilizing AI-driven tools for:

• Real-Time Market Alerts: Stay ahead with instant updates.
• Smart Property Pages: Access detailed property insights.
• Dealroom Collaboration: Streamline transactions with collaborative tools.

Take advantage of features such as auto-generated listing pages, email and landing page tools, and integration with brokers and developers. Discover exclusive listings and gain premium exposure with Brevitas.

Explore Myrtle Beach's commercial real estate opportunities with Brevitas today.