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 »

Cue the power walkers and toothpicked orange chicken samples. Everyone is flocking to shopping malls this holiday season! From teens hanging out with friends to professionals buying into “quiet luxury” trends, in-store retail is attracting consumers across age and income spectrums. But this year’s holiday shopping season may not look like it did in years… Read more »

Many possibilities await at this vacant warehouse with possible grant opportunities! 15 Burrell Avenue, Brevard | 41,600 SF | $2,700,000 Do not miss out on this highly flexible 41,600-square-foot warehouse and manufacturing facility. Whatever goals you have for a space this size, you can achieve them here. If your plan for the space involves creating… 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 »

Starting this month, Allen Tate/Beverly-Hanks’ downtown Asheville office is undergoing renovations. While construction is affecting where some agents are doing business, it is not affecting the quality of the business we do—especially here at NAI Beverly-Hanks.  Here’s what you need to know about current office renovations. What’s Happening with These Office Renovations? Our residential partners… Read more »

Don’t miss this condominium development opportunity for The Willows at Lake Lure! 268 Wambli Pass, Lake Lure | 6,505 SF | $2,395,000 Get in on the ground floor of this unique condominium development opportunity that is sure to attract eager home buyers for years to come! The gently rolling property of The Willows at Lake… 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 »

One of the strongest features of our economy is the retail sector. However, after a series of disruptions—think: shifts to online shopping, national health and economic crises, ongoing climate migration—retail companies large and small have struggled to redirect their sales models and stay afloat. Underlying it all are the investments many have in retail real… Read more »

Imagine the possibilities for this prime industrial space! 11,000 SF | 0.37 Acres | $1,600,000 Invest in Asheville’s River Arts District through this retail/industrial property for sale. The space currently houses Trackside Studios, a working studio/gallery representing 30 artists in various media. It’s also home to Magnetic Theatre, a not-for-profit producing theater that puts on… 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 »