Colliers Report: Resilient performance despite capital market challenges

September 12, 2023

Market Highlights

The hospitality industry in South Carolina performed strongly in the second quarter amidst an overall decrease of 62% year-over-year in national sales volume. This decrease was caused by the uncertain interest rate environment which especially impacted portfolio loans and resort properties. Borrowers with maturing debt were largely relegated to expensive short-term loans.

Click here to read the full report.


Please take a moment to download and read the full report.

Download now


About Colliers

Colliers | South Carolina is the largest full-service commercial real estate firm in South Carolina with 62 licensed real estate professionals covering the state with locations in Charleston, Columbia, Greenville and Spartanburg. Colliers is an Accredited Management Organization (AMO) through the Institute of Real Estate Management (IREM) and is the largest manager of commercial real estate properties in South Carolina with a portfolio of over 19 million square feet of office, industrial, retail and healthcare properties. Colliers’ staff hold the most professional designations of any firm in South Carolina. Colliers | South Carolina’s partner, LCK, provides project management services for new facilities and renovations across South Carolina.

Colliers (NASDAQ, TSX: CIGI) is a leading diversified professional services and investment management company. With operations in 65 countries, our 18,000 enterprising professionals work collaboratively to provide expert real estate and investment advice to clients. With annual revenues of $4.5 billion and $98 billion of assets under management, Colliers maximizes the potential of property and real assets to accelerate the success of our clients, our investors and our people. Learn more at, Twitter @Colliers or LinkedIn.