As our president, Neal Hanks, mentioned in his recent report, residential real estate markets remain active while commercial activity is flat in many respects. Just how do we get to those conclusions? Our market reports are full of metrics that help us reach those conclusions. See for yourself. Acquaint yourself with these definitions from our… Read more »

Beverly-Hanks’ president, Neal Hanks, was on site at Hands On! in Hendersonville to deliver the 2016 Quarter One Market Report. Watch the video below to watch his short report, or continue reading for more information. 2016 Quarter One Residential Activity: Overall, our housing markets remain active and continue to provide significant opportunity for savvy buyers… Read more »

Tiger’s failed North Carolina course site in Black Mountain is on the market for $24 million. Golfchannel.com by Jason Crook Tiger Woods‘ first signature course in the U.S. opened earlier this month to rave reviews with some even calling it “Augusta-like.” This is slightly better than his first attempt at designing a course domestically in… Read more »

The survey was conducted among 100,000 commercial real estate professionals using a combination of ballot voting, phone interviews, and focus groups to evaluate innovation, responsiveness, and quality of service. NAI Global is the only commercial real estate network of independently owned and operated firms represented among the top five. NAI Beverly-Hanks, based in Asheville, North… Read more »

Luxury Daily Luxury Daily is the world’s leading trade publication covering luxury marketing and retail across all mediums and channels.The article summarized below was originally written by Jen King. It is important to recognize that high-net-worth individuals account for 25 percent of all global commercial property transactions. In 2015, Knight Frank found that the UHNW population… Read more »

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 »