Q2 2019 Commercial Activity: The bullets below tell the story: All categories were slightly off in Q2 2019 as compared with Q2 2018. The one exception was land, which was up 10%. There were 124 closings in all sectors in quarter two for $121.8 million, compared to 186 sales for $181.2 million in Q2 2018. […]
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 […]
FOR IMMEDIATE RELEASE: NAI Beverly-Hanks Wins Two International Awards The local commercial real estate firm was recognized by the industry’s data leader for their outstanding 2018 sales and lease activity. March 19, 2019, Asheville, NC—NAI Beverly-Hanks was honored this month with two prestigious Power Broker Awards from CoStar Group, Inc., the leading provider of commercial […]
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 […]
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, […]
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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 […]
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 […]
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 […]
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 […]