Welcoming New Retailers

Key Takeaways

  • The overall vacancy rate in Greenville, SC increased slightly to 10.79% at the end of the third quarter of 2013.  
  • DSW Shoe Warehouse, Brooks Brothers and other retailers enter the market.
  • Magnolia Park continues to attract new retailers.  The redevelopment is anticipated to complete in 2014.
  • Grocer acquisitions announced throughout South Carolina.

Current Conditions

The overall vacancy rate for the Greenville, SC retail market increased slightly to 10.79% during the third quarter of 2013, just 8 basis points higher than the second quarter.  Retailer relocations from Haywood Road to Woodruff Road left the Haywood Road retail corridor with a 37.4% vacancy rate, the highest in the market.   Babies R Us is one of such retailers which moved from Haywood Road to Magnolia Park on Woodruff Road.  Average asking rental rates were $6.73, $8.80 and $13.40 for anchor, junior anchor and shop space, respectively.

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