No. 1 · Third Quarter 2026

BAY STREET BRIEF

A quarterly Lowcountry commercial real estate market report, from the people who operate it.

For the first time in 36 years, Jasper County permitted more new housing than Beaufort.

  • How much buying power a fixed-rate buyer lost in twelve months, worked out on a real $700,000 building
  • Why more commercial listings died than closed in our MLS over the last two years
  • The gap between what property is asking and what it actually sells for, per square foot
  • Lease-up timing by space size, the number nobody publishes

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Inside this issue

  1. The quarter in six numbers
  2. What you are hearing, and what is true here
  3. What is actually happening in the region
  4. What is happening here
  5. Rates, and what a buyer can actually pay
  6. Getting granular, by property type
  7. What we think it means for buyers, sellers, tenants and landlords
  8. What to do about it
  9. When you need help

From the people who run the buildings

Matthew Flewelling

Matt Flewelling writes the Bay Street Brief. He has managed commercial property in Beaufort County for more than two decades, leads a firm that operates over 250,000 square feet of it, and invests in this market himself. Every number in this report was checked against the buildings we run.

The Bay Street Brief is built from Lowcountry Regional MLS data for Beaufort and Jasper Counties, public permit and rate data, and what our leasing, management, sales and maintenance teams see every week. The next issue arrives mid-January 2027.