Shrinking Office Availability Makes for Highest Rents on Record in Myrtle Beach

The office sector in Myrtle Beach, South Carolina, is experiencing one of the tightest markets in its history, with the average vacancy in the low single digits at 2.3%. In response, building owners have been able to push the region’s office rents to a record-high average of around $21 per square foot, a level not seen since the quarters leading into the Great Recession.