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), offering a unique blend of economic vitality and strategic location. Known for its tourism-driven economy, Myrtle Beach is not only a hotspot for hospitality but also for burgeoning industries such as retail, healthcare, and logistics. The city's advantageous location along the Atlantic coast enhances its appeal for diverse commercial property investments.

Economic and Industry Overview

Myrtle Beach's economy thrives on a robust tourism sector, drawing millions of visitors annually. This influx fuels demand for retail and hospitality spaces. However, beyond tourism, the city is experiencing growth in healthcare and logistics, creating opportunities for office and industrial properties. The Myrtle Beach Regional Economic Development Corporation actively supports these industries, aiming to diversify the local economy and encourage sustainable growth.

Strategic Location and Transportation Infrastructure

Myrtle Beach benefits from several key transportation assets: - Highways: Accessible via U.S. Route 17 and nearby Interstate 95, facilitating efficient north-south travel. - Airport: Myrtle Beach International Airport MYR offers direct flights to major U.S. cities, enhancing connectivity. - Ports & Rail: Close proximity to the Port of Charleston and rail lines offers logistical advantages for goods distribution.

These transportation infrastructures support easy access to labor pools and proximity to coastal markets, making Myrtle Beach an attractive location for distribution centers and logistics hubs.

Commercial Real Estate Inventory & Zoning

Myrtle Beach features several key CRE submarkets: - Central Business District (CBD): Known for office space and retail opportunities. - Industrial Corridors: Primarily located on the outskirts, catering to logistics and manufacturing. - Innovation Districts: Emerging areas focused on tech and startups.

The city offers incentives for developers, including Opportunity Zones. For detailed zoning information, explore the City's zoning maps.

Major Employers and Institutions

Myrtle Beach is home to several major employers driving CRE demand: - Healthcare: Grand Strand Health facilities anchor the medical space. - Hospitality Giants: Companies like Brittain Resorts & Hotels dominate the tourism sector. - Education: Coastal Carolina University contributes significantly to the local economy.

Explore more through the Myrtle Beach Chamber of Commerce.

Notable Commercial Developments & Projects

Significant developments in Myrtle Beach include: - Broadway at the Beach: A large-scale mixed-use development featuring retail, dining, and entertainment. - Market Common District: A master-planned community with retail and residential spaces.

These projects, supported by public-private partnerships, are transforming the city's commercial landscape. Check the Planning Department for more details.

Building Permits, Planning, and Development Tools

Access crucial planning resources: - Building and Safety Department - Permitting Portal - Parcel Map Viewer / GIS - Planning Commission - Development Code

Market Data & Economic Reports

Utilize public data for informed decision-making: - Census Data - City's Open Data Portal

Brevitas aggregates these insights with proprietary AI tools to offer comprehensive dashboards. Explore our Brevitas-powered city search for Myrtle Beach.

Why Use Brevitas for Myrtle Beach, South Carolina CRE?

Brevitas offers unparalleled tools for CRE professionals in Myrtle Beach: - AI-Driven Discovery: Find properties with precision. - Real-Time Market Alerts: Stay informed on market changes. - Smart Property Pages & Dealroom Collaboration: Enhance your marketing and deal-making. - Auto-Generated Listings: Simplify your listing processes. - Integration with Brokers & Developers: Expand your network. - Exclusive Listings & Premium Exposure: Maximize your reach.

For a comprehensive CRE experience in Myrtle Beach, leverage Brevitas' advanced platform and gain a competitive edge in the market.