Tag: commercial real estate

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 »

The perfect spot to reach college students, luxury home owners, and everyone in between! $11,500/month | CPE#: 487106 Have you been wondering what will go into the former Atlanta Bread Company location on Merrimon Avenue in north Asheville? We have, too. So, why don’t you tell us? The space is available for lease, and we… Read more »

Imagine the possibilities for this prime retail space around the corner from the Old Depot! $14.00/SF | CPE#: 486846 If you were going to open a shop in bustling downtown Black Mountain, what would you sell? The 20-plus-foot ceiling is the limit in this historic retail location! Built in 1915, the building has been recently… Read more »

Going fast!—This is one of the few remaining development tracts along Long Shoals Road. $1,850,000 | CPE#: 486983 These 2.85 acres have prime frontage along the highly trafficked Long Shoals Road in South Asheville. The property sits beside Groce Funeral Home and across from Lake Julian and Wild Wing Cafe’s Arden location. The back of… 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 »

Last week, the Woodmont Company of Fort Worth, Texas announced that it will be developing a new 16,000-square-foot retail and mixed-use property in Biltmore Village. The proposed two-story building will feature shops on the bottom level and condominiums on the top level. Located at 19 Brook Street, the site is across the street from Fig… Read more »