Category: Market Reports

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 »

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 »

Q2 2018 Commercial Activity: The second quarter was solid, steady, and consistent—nothing extraordinary or flashy, just solid. Four out of the five sectors (industrial, office, retail, multi-family, land) were not up by much, but they were up. In the Central Business District (CBD), 48 Biltmore Avenue (home to Chestnut restaurant) and 26.5 Battery Park Avenue… Read more »

Beverly-Hanks President Neal Hanks, Jr. has delivered the first quarter 2018 Market Report. Watch the video below for his short report, or continue reading for a summation.   Q1 2018 Commercial Activity: It was a strong first quarter for commercial real estate in Western North Carolina. 96 properties closed for approximately $192 million, compared to 127… Read more »

Beverly-Hanks President Neal Hanks, Jr. has delivered the 2017 End-of-Year Market Report. Watch the video below for his short report, or continue reading for a summation. 2017 End-of-Year Commercial Activity: 2017 was an incredible year for NAI Beverly-Hanks! The division sold and leased transactions totaling more than $100 million dollars—an all-time high! The WNC market was… Read more »

Beverly-Hanks President Neal Hanks, Jr. recently delivered the Western North Carolina Q3 2017 Real Estate Market Report. Watch the video below for his short report, or continue reading for a summation. Q3 2017 Commercial Activity: As is often the case with commercial real estate, one or two big deals can really sway numbers when comparing… Read more »

Beverly-Hanks President Neal Hanks, Jr. recently delivered the Q2 2017 Real Estate Market Report. Watch the video below for his short report, or continue reading for a summation. Q2 2017 Commercial Activity: Sales in all commercial sectors were up significantly in Q2 2017 versus Q1 2017. Our Industrial and Office markets were both up more… Read more »

Beverly-Hanks President Neal Hanks, Jr. recently delivered the Q1 2017 Real Estate Market Report. Watch the video below for his short report, or continue reading for a summation. Q1 2017 Commercial Activity: Sales for the first quarter of 2017 were down considerably compared to Q1 2016. Retail sales remained competitive, with $10.3 million in closings… Read more »

Beverly-Hanks President Neal Hanks, Jr. has delivered the 2016 End-of-Year Market Report. Watch the video below for his short report, or continue reading for a summation. 2016 EOY Commercial Activity: 2016 was an interesting year for commercial real estate in Western North Carolina. Leasing activity was up, but sales transactions were down. While the number… Read more »