How are CRE loan maturities changing over the next five years in Charleston?

Charleston is poised to see a significant influx of commercial real estate loans maturing in 2024, totaling at least $274.5 million, with a substantial $735.6 million set to mature over the next five years.
In the current year, industrial loans take the lead, constituting 82% of the market share and equating to roughly $224.4 million. Apartments follow at 11%, representing $29.6 million. Office properties trail at 7%, totaling $20.5 million.
Charleston's office sector enjoys a relatively favorable position compared to many other markets, encompassing approximately 27% of the annual maturities over the next five years.

May 17, 2024

US-SC-CRW Charleston