{"id":20887,"date":"2023-07-24T19:00:17","date_gmt":"2023-07-24T19:00:17","guid":{"rendered":"https:\/\/www.naibeverly-hanks.com\/blog\/?p=20887"},"modified":"2023-07-25T19:01:07","modified_gmt":"2023-07-25T19:01:07","slug":"q2-2023-market-report","status":"publish","type":"post","link":"https:\/\/www.naibeverly-hanks.com\/blog\/q2-2023-market-report\/","title":{"rendered":"Entrepreneurial Visions Come to Life: Asheville MSA Q2 2023 Commercial Market Report"},"content":{"rendered":"
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\"Asheville
Featured Listing (see below): 425 N Main Street in Hendersonville<\/a><\/figcaption><\/figure>\n<\/div>\n\n\n

Commercial Real Estate Forecast<\/h2>\n\n\n\n

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 opportunities for local entrepreneurs and national businesses seeking to put down roots.<\/p>\n\n\n\n

Creative business concepts and fresh spaces for community join the local landscape through re-invigorated and inspired commercial spaces. Highlights include The RAD Brew Co., The Hound, There There, The Restoration Hotel, and Regina\u2019s restaurant, just to name a few.<\/p>\n\n\n\n

Mixed-use development plans are also keenly on the radar for locals and would-be buyers in the residential sector. A commercial project taking shape to support the lack of local housing inventory is a 237-unit development in the River Arts District at 146 Roberts Street. The project will feature 16,800 square feet of retail space and a blend of affordable and mixed-income rentals.<\/p>\n\n\n\n

The local business ecosystem remains deeply supportive of entrepreneurs. Supporting the rise of high-growth start-ups, commercial projects, and connectivity to an increasingly specialized workforce is Venture Asheville, an initiative of the Economic Development Coalition for Asheville-Buncombe County and the Asheville Chamber of Commerce. With the mission to create a \u201cworld-class start-up city\u201d Venture has assisted more than 30 projects and raised over $52 million in capital.<\/p>\n\n\n\n

Continued demand and growing resources for the business community bode well for the commercial sector heading into the second half of the year.<\/p>\n\n\n\n

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Download a PDF of <\/strong><\/a>the<\/a> report.<\/a><\/strong><\/p>\n\n\n\n

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Q2 2023 Commercial Sales Activity Review:<\/h2>\n\n\n\n