Category: Commercial

The Asheville industrial market ended the fourth quarter 2015 with a vacancy rate of 5.8%. The vacancy rate was down over the previous quarter, with net absorption totaling a positive 111,576 sq ft in the fourth quarter. Vacant sublease space remained unchanged in the quarter ending at zero square feet. Rental rates ended at $4.01,… Read more »

The fifth annual release of the joint report by Situs Real Estate Research Corporation (RERC), Deloitte and the National Association of Realtors® was released on February 4th. According to the three organizations responsible for producing the report, “Commercial real estate activity is forecast to gradually grow this year with demand for space holding steady across all… Read more »

  On February 2, 2016, Inman author, Daren Blomquist, curated forecasts from six different economists specializing in the United States housing markets. Here are the key takeaways from the economists: Growing rental rates and moderate home price growth should mean more people look to buy in 2016. Mortgage rates will rise which should also help… Read more »

Commercial Real Estate In The Asheville (MSA) 2015 was a good year for commercial real estate. As predicted, growth occurred in the hotel and multi-family sectors, and vacancy rates dropped for retail, office, and industrial properties. Sales soared from 2014’s 296 ($378.5M) to 350 transactions ($485.5M). Retail and multi-family properties led the way accounting for… Read more »

Brewery To Begin Pouring Soon Repurposing of former stockyards and auction house industrial sites is almost complete. New Belgium Brewing will be making beer in about six weeks at its West Asheville/River Arts District brewery. The Asheville Citizen-Times, Tony Kiss, reported that New Belgium will open its Liquid Center tasting room in February 2016, with tours… Read more »

  (ANSWER): True–27 tracts of land of 10 acres or more have sold in Buncombe, Haywood, Henderson, Madison, Polk, Rutherford, and Transylvania counties in the last 90 days. Land sales are in the very beginning stages of improving. Understanding the fluctuations in the real estate market is important for making confident real estate decisions when… Read more »

  NAI Global Ranked Fifth Among Top 25 Commercial Real Estate Brands in 14th Annual Lipsey Survey For Immediate Release DOWNLOAD: NAI Lipsey Top 5 Survey Press Release Asheville, NC – March 3, 2015: NAI Global, the world’s largest, most powerful network of owner-operated commercial real estate firms, earned the fifth spot in the 2015 Lipsey Survey… Read more »

U.S.’s Vacancy Decreases to 6.8% The Asheville Industrial market saw vacancies rise and rental rates decrease from the first quarter 2015 to the second quarter 2015. The overall vacancy rate currently sits at 6.4%, from 6.3% in the previous quarter. Rental rates ended the quarter at $3.97 per square foot, from $4.45 in the previous… Read more »

Nationally a shortage of inventory is slowing the sales space, but that’s not necessarily the case in Western North Carolina. NAI Beverly-Hanks Economic Update Bloomberg.com Though slowing in August, existing home sales are still healthy and trending higher. Existing home sales came in at a lower-than-expected 5.31 million annual rate in August which is the… Read more »

What Should You Know? MSN Money.com’s powerful chart demonstrates what a fantastic return investment real estate has been from January 2000 through November 2011. What is investment real estate? According to Investopedia.com, it is “real estate that generates income or is otherwise intended for investment purposes rather than as a primary residence.” If you’ve been… Read more »