{"id":21188,"date":"2026-01-15T15:57:12","date_gmt":"2026-01-15T20:57:12","guid":{"rendered":"https:\/\/www.naibeverly-hanks.com\/blog\/?p=21188"},"modified":"2026-01-30T11:40:35","modified_gmt":"2026-01-30T16:40:35","slug":"q4-2025-market-report","status":"publish","type":"post","link":"https:\/\/www.naibeverly-hanks.com\/blog\/q4-2025-market-report\/","title":{"rendered":"Fresh Beginnings: Asheville MSA Year-End 2025 Commercial Market Report"},"content":{"rendered":"\n
\"Industrial<\/figure>\n\n\n\n

Featured Listing (see below): 701 Oriole Drive in Hendersonville<\/a><\/p>\n\n\n\n

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

Asheville\u2019s 2025 commercial market was severely hampered by the lingering effects of Hurricane Helene, which hit the region in full force in late September 2024, as well as the wildfires that hit the region in January. As the year dawned, much of the business we saw was generated by local companies picking up and relocating thanks to the damages they sustained. As the year progressed<\/a>, we saw tight financial markets across the region as businesses were strained with lower tourism volume and income. <\/p>\n\n\n\n

But the nature of this year brought many fresh beginnings, as well. With rebuilding came a fresh approach to community organization. This is perhaps best embodied by the city\u2019s three-year contract with the Asheville Downtown Improvement District (ADID) as the service provider for the business improvement district (BID). <\/p>\n\n\n\n

Locals were thrilled to see many of their favorite restaurants and bars reopen in new spaces or in a new scope. For example, Mean Pies, previously a food truck at pl\u0113b, reopened at OWL Bakery. DayTrip opened at a new spot on Broadway Street just outside downtown Asheville. Tiger Bay Cafe is now at a new location inside Ben\u2019s Tuneup. And Zella\u2019s Deli has a new location on Tunnel Road. A blast from the past, Chorizo recently reopened in the Grove Arcade after closing in 2016!<\/p>\n\n\n\n

And as long-loved restaurants found new homes, fresh concepts and leaders emerged, as well. New businesses opened, including Hail Mary in West Asheville, Short Sleeves Coffee in Swannanoa, Foothills Watershed in Old Fort, and Periscope Bar at the S&W Market. <\/p>\n\n\n\n

The arts community saw similar rebuilding and rebalancing efforts. Local artists took over Cheap Joe\u2019s art supply shop, transforming it into Asheville Art Supply. Resurrection Studios Collective moved into the former MOOG Music building on Broadway Street next to DayTrip. And in February, Asheville Art Museum\u2019s exhibit, \u201cAsheville Strong: Celebrating Art and Community After Hurricane Helene\u201d, became a rallying cry for the community that was heard throughout the year.<\/p>\n\n\n\n

All of this is to say that even through our struggles over this last year, our region’s vacancy rates are generally lower than the national average. In retail, we’re at 1.8% compared to the U.S. average of 4.3%; 2.9% in industrial compared to the U.S. average of 7.7%; and 2.4% in office vacancies compared to 14.2% in the U.S. Investing in our region remains a strong choice with lower risk than in many other areas.<\/p>\n\n\n\n

Looking forward, many of the community projects and initiatives listed above will continue well into the new year. However, we also see 2026 as a year of returning to \u201cbusiness as usual\u201d\u2014and that\u2019s a good thing! Asheville does indeed remain \u201cAsheville Strong\u201d.<\/p>\n\n\n\n

Q4\/Year-End 2025 Commercial Sales Activity Review:<\/h2>\n\n\n\n