Everything You Need to Know about Business Interruption Insurance

As a small business owner, you probably have a million things on your mind right now. Even if you have been spared so far, the COVID-19 pandemic is likely to cause slowdowns or interruptions to your regular spring business. In fact, the effects of the virus are projected to cause drastic changes to businesses—large and […]

What is the Perfect Amount of Office Space to Rent?

Your business is finally taking off! You have several full-time employees. You’re expecting to hire more in the next few years. And you physically can’t work out of your home guest room anymore. After all, the worst thing for a growing company is employees who bump heads because they’re constantly bumping elbows! Give yourself and […]

Steady Growth Predicted in 2020: NAI Beverly-Hanks Year End 2019 Commercial Market Report

Year End 2019 Commercial Activity: 2019 was the second best year for commercial real estate in Western North Carolina, trailing only 2018. The four-county MSA reported just over $595 million in 2019 sales. In contrast, the region experienced only $92 million in closed transactions a decade ago. In 2019, all sectors reported strong sales, with […]

Outstanding Relationships are at the Heart of our Commercial Division

Businesses are only as good as the people at the heart of the enterprise. In the case of commercial real estate, the importance of talented and dedicated people rises exponentially. That’s why at NAI Beverly-Hanks, we take great strides to develop, inspire, and retain the top talent in the business. Commercial real estate (CRE) in […]

Should You Buy or Lease Your Commercial Property?

To buy or lease commercial real estate—That is the question! While not quite as dramatic a decision as Hamlet’s soliloquy, the decision to buy or lease the property for your commercial business is an important one. Unfortunately, it’s not a cut and dry answer. Your choice should be informed by the nature of your business, […]

All-Time Multi-Family Record: NAI Beverly-Hanks Q3 2019 Commercial Market Report

Q3 2019 Commercial Activity: The sale of two apartment complexes in Asheville accounted for almost $125M of the $278M in commercial transactions for the third quarter. The District, located on Fairview Road near Biltmore Village, sold for $71,500,000. Skyland Exchange, located off Long Shoals Road in Arden, sold for $52,750,000. With 309 units, The District […]

Not Quite as Robust: NAI Beverly-Hanks Q2 2019 Commercial Market Report

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. […]

Jekyll and Hyde for the Office Sector: NAI Beverly-Hanks Q1 2019 Commercial Market Report

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 […]

Press Release: NAI Beverly-Hanks Wins Two International Awards

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 […]

Best Year Ever: NAI Beverly-Hanks 2018 Year End Commercial Market Report

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 […]