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
  • 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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US-SC-GSP Greenville