Brunswick County continues to see significant growth, and that momentum is having a direct impact on the local commercial real estate market. In a recent discussion, Luke Tippett (Property Management) and Ginny Dunn (Broker) of Maus, Warwick, Matthews & Company shared insights on what’s driving this growth and how it’s shaping demand across property types. From population increases to rising interest in flex space, the market is evolving quickly.
Population Growth Driving Commercial Demand
Brunswick County has doubled its population over the past 20 years and is currently ranked among the top counties in the United States for migration. This rapid increase in residents has created a gap between residential development and commercial real estate. As Ginny Dunn noted, rooftops are outpacing retail, office, and medical space, which is fueling long-term demand and absorption across the commercial sector.
This trend is already visible in leasing activity. As Luke Tippett shared, available commercial spaces, particularly small to mid-size units, are being leased quickly, often within the same month they hit the market.
Flex Space Leading the Market
One of the most active segments in Brunswick County is flex space. Much of the recent land development activity has been geared toward this product type, driven by local small businesses that are expanding or looking to own their own space.
Flex space supports a wide range of users, including contractors and service-based businesses, and plays an important role in growing communities. According to both Luke and Ginny, demand for these spaces remains strong, with increasing lease rates and multiple tenants often competing for available units.
Opportunities for Investors and Owner-Users
Brunswick County is still in what many consider an early growth cycle, which is attracting both investors and owner-users. Investors are looking to capitalize on future growth, while business owners are seeking opportunities to purchase and customize their own space.
For those considering development, key factors include access to infrastructure, appropriate zoning, and municipalities that support commercial expansion. With a strong residential pipeline continuing to move forward, demand for commercial space is expected to follow.
Brunswick County’s continued population growth and development activity are creating clear opportunities in the commercial real estate market. With demand outpacing supply in several sectors, particularly flex space, both investors and business owners are paying close attention to the area.
If you’re considering investing, developing, or leasing in Brunswick County, reach out to Ginny Dunn for brokerage guidance or Luke Tippett for property management services at Maus, Warwick, Matthews & Company.