Georgetown Commercial Real Estate Market
Georgetown's commercial real estate market rests on a distinctive combination of heavy industry and coastal charm. ArcelorMittal's Georgetown steel mill employs over 700 workers and generates significant economic ripple effects through the local supply chain. This industrial anchor provides blue-collar employment stability that most SC coastal cities lack. Meanwhile, Georgetown's historic waterfront along the Sampit River is experiencing revitalization — restaurants, galleries, and boutique retail are transforming Front Street into a dining destination that draws visitors from Pawleys Island, Litchfield Beach, and Myrtle Beach.
Tidelands Health operates the county's primary hospital, anchoring medical office demand along Church Street and North Fraser Street. Georgetown County's growing retiree population — particularly in Pawleys Island and DeBordieu — generates healthcare utilization that flows into Georgetown's medical infrastructure. The US-17 corridor through Georgetown serves as the retail spine for the county, with grocery-anchored and national retail serving both residents and Waccamaw Neck beach communities. The city's role as the Georgetown County seat adds government employment and professional services demand.
Georgetown's buyer pool includes industrial-economy investors, coastal revitalization investors who see parallels to Beaufort's transformation a decade ago, and healthcare investors attracted by Tidelands Health's stability. Cap rates offer significant yield premium over Charleston and Myrtle Beach, reflecting Georgetown's secondary market status — but the emerging waterfront revitalization suggests cap rate compression potential for well-positioned properties. For sellers, connecting your property to either the industrial stability or the coastal revitalization narrative attracts the appropriate buyer segment.
Top Property Types in Georgetown
Industrial & Manufacturing
Georgetown's waterfront Front Street district is experiencing a revitalization that mirrors early-stage transformations in Beaufort and other SC historic waterfront communities. Restaurants, galleries, and boutique retail are occupying restored historic buildings along the Sampit River, creating a walkable dining destination. Properties with Front Street frontage, waterfront views, and character architecture represent the highest appreciation opportunity in Georgetown. The growing tourist traffic from Pawleys Island and Litchfield Beach beach communities provides a customer base beyond the city's 10,000 population.
Retail & Tourism
Tidelands Health's hospital campus and the aging Georgetown County population generate medical office demand along Church Street and North Fraser Street. Retirees in Pawleys Island, Litchfield Beach, and DeBordieu communities access Georgetown's medical infrastructure for physician visits, outpatient services, and specialty care. The demographic trend — more retirees moving to the Waccamaw Neck — ensures growing healthcare utilization. Multi-tenant medical buildings near the hospital provide income stability backed by institutional and demographic demand.
Medical & Office
ArcelorMittal's steel mill and the Georgetown County industrial base generate demand for industrial, warehouse, and contractor-support properties. The mill's supply chain includes raw materials handling, transportation logistics, and industrial services that need nearby facilities. The US-17 industrial corridor and port-adjacent areas accommodate these tenants. Properties with heavy industrial capability — adequate power, floor loads, and truck access — serve a tenant base funded by global steel market demand rather than local economic conditions.
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