Market Snapshot
Q3 2021 vs. Q3 2022
How does the current market compare to this time last year?
The South Carolina retail sales market continues its resiliency through the national inflation scares and rate hikes. We continue to see CAP rate compression as less product is available. On the flip side, we are seeing rental velocity decrease and landlords willing to offer more rent concessions to get their remaining spaces leased with a significant drop in overall vacancy.
Does retail influence the office? Or does the office influence retail? Our Greenville retail index is ready to enter the conversation.
In our latest edition of The Vitality Index, we look at how office and retail depend on each other. While office information helps to inform people about returning to offices, it is as much, or more, relevant to the retailers who are reliant on the office occupants for their success. As more companies finalize their return to office strategy, and the holidays near, how will retail foot traffic in Greenville be impacted?
