Despite tailwinds, investment activity doubles for Greenville’s hospitality sector
![graph of investment activity and sales volume in Greenville from 2013 to 2023 for transactions greater than $2.5 million with the hospitality sector doubling in the past two years](/documents/35486/96633304/Greenville+Data+Bite+6.20.23.png/9990ad08-3287-62e3-5836-da5d9e0fd3de?t=1687284518472)
- Commercial real estate investment activity has fallen across the board, although Greenville's hospitality sector remains resilient.
- The market saw a 68% increase in sales volume from 2021 to 2022, which was primarily driven by strong tourism activity.
- The Upstate’s hospitality sector has remained stable due to the continued flow of business and leisure travelers. Greenville saw 7 million visitors in 2022, with 68% of visitors from out of state.
June 20, 2023
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