Tag: commercial real estate

Your business is finally taking off! You have several full-time employees. You’re expecting to hire more in the next few years. And you physically can’t work out of your home guest room anymore. After all, the worst thing for a growing company is employees who bump heads because they’re constantly bumping elbows! Give yourself and… Read more »

Year End 2019 Commercial Activity: 2019 was the second best year for commercial real estate in Western North Carolina, trailing only 2018. The four-county MSA reported just over $595 million in 2019 sales. In contrast, the region experienced only $92 million in closed transactions a decade ago. In 2019, all sectors reported strong sales, with… Read more »

Businesses are only as good as the people at the heart of the enterprise. In the case of commercial real estate, the importance of talented and dedicated people rises exponentially. That’s why at NAI Beverly-Hanks, we take great strides to develop, inspire, and retain the top talent in the business. Commercial real estate (CRE) in… Read more »

To buy or lease commercial real estate—That is the question! While not quite as dramatic a decision as Hamlet’s soliloquy, the decision to buy or lease the property for your commercial business is an important one. Unfortunately, it’s not a cut and dry answer. Your choice should be informed by the nature of your business,… Read more »

Q3 2019 Commercial Activity: The sale of two apartment complexes in Asheville accounted for almost $125M of the $278M in commercial transactions for the third quarter. The District, located on Fairview Road near Biltmore Village, sold for $71,500,000. Skyland Exchange, located off Long Shoals Road in Arden, sold for $52,750,000. With 309 units, The District… Read more »

Q2 2019 Commercial Activity: The bullets below tell the story: All categories were slightly off in Q2 2019 as compared with Q2 2018. The one exception was land, which was up 10%.  There were 124 closings in all sectors in quarter two for $121.8 million, compared to 186 sales for $181.2 million in Q2 2018…. Read more »

Q1 2019 Commercial Activity: Commercial sales transactions were sort of a mixed bag in Q1 2019. We saw 160 closings in the first quarter for $197 million compared to 160 closings in Q1 2018 for $290 million. In contrast, our median year-over-year sales price was very similar ($102/ft versus $107/ft). That tells us that there… Read more »

FOR IMMEDIATE RELEASE: NAI Beverly-Hanks Wins Two International Awards The local commercial real estate firm was recognized by the industry’s data leader for their outstanding 2018 sales and lease activity. March 19, 2019, Asheville, NC—NAI Beverly-Hanks was honored this month with two prestigious Power Broker Awards from CoStar Group, Inc., the leading provider of commercial… Read more »

2018 Commercial Activity: According to CoStar sales data, 2018 was the best year for commercial real estate in Western North Carolina. Our four-county MSA (Buncombe, Henderson, Haywood, and Madison) saw just over $700 million in sales last year. That bested 2016’s previous high-water mark by $100 million! In comparison, the region only saw $92 million… Read more »

Q3 2018 Commercial Activity: We witnessed some significant swings in commercial real estate for Q3. The industrial sector was off 80% from the second quarter. But office business was up 34%. Retail transactions were up 71%, but multi-family was down 70%. And land closings were off 35% from what they were in the spring. Luckily,… Read more »