Commercial Real Estate Insights Six months after the devastation from Hurricane Helene, the Asheville Metro business community is still picking up the pieces—in some cases, literally. However, the resilience of this region cannot be overstated! To paraphrase a famous movie quote: business finds a way. On a broad scale, local commerce has been buoyed in… Read more »
Commercial Real Estate Insights As we predicted, 2024 was certainly a year of change and growth across Asheville MSA’s commercial real estate market. The first quarter saw the opening of several boutique hotels in historic buildings, as well as strides toward additional affordable development. By the middle of the year, our local multi-family sector was… Read more »
Commercial Real Estate Insights The commercial real estate market in Asheville, North Carolina, is experiencing significant growth and transformation, particularly in the multi-family sector. The apartment pipeline in Asheville has reached new heights, with nearly 3,000 units currently under construction, according to CoStar data. This marks a substantial increase from the previous decade’s average of… Read more »
Featured Listing (see below): 160 & 164 Broadway Street, Asheville Commercial Real Estate Insights With the new year underway, Asheville embraces change and growth with exciting developments that are transforming the city’s landscape and enhancing its appeal for both residents and visitors. Three newly opened hotels in Asheville are breathing new life into the city’s… Read more »
Commercial Real Estate Insights As we wrap up 2023, we reflect on a year of dynamic change and growth in Asheville’s business landscape. We’ve seen the flourishing of new ventures, the closure of beloved establishments, and the continued evolution of our city’s real estate and development scene. In the River Arts District, the Radical Hotel… Read more »
Commercial Real Estate Insights Sustainability is a key theme in our city, and it was a hot topic for 2023’s quarter three. Additionally, several transformative projects and initiatives are set to shape the future of the city. One of the most significant developments was the approval of “Project Aspire” in Downtown Asheville. A collaborative effort… Read more »
Commercial Real Estate Forecast New commercial developments and revitalization projects are taking shape across the urban landscape. Downtown Asheville, in particular, has seen a surge in demand for office space, retail stores, and dining establishments. Quality of life in the Blue Ridge, coupled with a thriving tourism economy and supportive business climate, continue to create… Read more »
Commercial Real Estate Forecast There may be challenges ahead for commercial real estate. Retail is at a crossroads, and the future of office space is unclear. Plus, supply chain concerns persist, and inflation is near a 40-year high, prompting the Fed to steadily increase interest rates. But there are a few bright spots. Locally, multi-family… Read more »