Florence, South Carolina: A Premier Destination for Commercial Real Estate

Introduction

Florence, South Carolina, is a burgeoning hub for commercial real estate (CRE), offering a unique blend of economic vitality and strategic geographic positioning. As a mid-sized city, Florence is home to a diverse economy fueled by industries such as healthcare, manufacturing, and logistics. Its robust infrastructure and connection to major transportation networks make it an attractive location for businesses and real estate investors alike.

Economic and Industry Overview

Florence's economy is anchored by significant industry clusters, including:

• Healthcare: With institutions like McLeod Health and MUSC Health, the healthcare sector drives demand for office and medical properties.
• Manufacturing: Companies such as GE Healthcare and Otis Elevator Company contribute to the demand for industrial spaces.
• Logistics and Distribution: Florence's strategic location within the I-95 corridor supports a thriving logistics industry, increasing the need for warehouse and distribution centers.

The Pee Dee Regional Council of Governments actively supports economic development initiatives that enhance CRE opportunities in Florence.

Strategic Location and Transportation Infrastructure

Florence boasts a well-developed transportation infrastructure, including:

• Highways: Located at the intersection of I-95 and I-20, Florence offers excellent road connectivity.
• Airports: The Florence Regional Airport provides regional air access, while nearby international airports expand reach.
• Rail: Norfolk Southern and CSX Transportation offer robust rail services.

These logistical advantages make Florence an optimal location for distribution and access to labor markets. For more information, visit the South Carolina Department of Transportation.

Commercial Real Estate Inventory & Zoning

Florence's CRE market features distinct submarkets:

• Central Business District (CBD): A vibrant area for retail and office spaces.
• Industrial Corridors: Located near major highways, ideal for logistics and manufacturing.
• Innovation Districts: Emerging areas for tech and creative industries.

The city's zoning map and parcel viewer provide detailed insights into zoning changes and development incentives.

Major Employers and Institutions

Florence's economy is supported by major employers, including:

• McLeod Health - A leading healthcare provider
• GE Healthcare - A significant manufacturer
• Florence School District 1 - Major educational institution

These entities drive substantial demand for commercial real estate. Explore more at the Florence County Economic Development Partnership.

Notable Commercial Developments & Projects

Florence is home to several key developments:

• Florence Center Expansion: Enhances the city's appeal as a convention and event destination.
• Opportunity Zones: Designated areas offering tax incentives for investors and developers.

Visit the City of Florence Planning Department for detailed project maps and information.

Building Permits, Planning, and Development Tools

For developers and investors, Florence provides a range of resources:

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

Market Data & Economic Reports

Access public data sets to inform your investment strategy:

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

Brevitas uses AI-powered aggregation for seamless access to these insights. Explore Brevitas-powered dashboards for Florence, South Carolina here.

Why Use Brevitas for Florence, South Carolina CRE?

Brevitas provides a cutting-edge platform for CRE professionals, featuring:

• AI-driven Discovery: Tailored property searches and real-time alerts
• Smart Property Pages: Auto-generated listings with comprehensive data
• Dealroom Collaboration: Streamlined communication with brokers and developers
• Exclusive Listings: Premium exposure for your properties

Brevitas empowers you with tools like email and landing page integrations, enhancing your ability to connect with Florence's vibrant CRE market.