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, […]
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 […]
After nearly six decades of decline, three new developments are opening on South Market Street in downtown Asheville—all within six months of each other! Centered at the intersection of Eagle and Market Streets in downtown Asheville, the Block was once the city’s thriving African-American business district. The economy of the area was so strong that […]
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 […]
Western North Carolina was built by small farmers and small business owners with big skills and big dreams. Today, the region’s small business community is stronger than ever, and many startup companies are making big names for themselves locally, regionally, and across the country. Ahead of National Small Business Week (April 29–May 5, 2018), we […]
Tucked away in the vast aisles and shelves of Malaprop’s Bookstore & Café in downtown Asheville is the 35-year history of a business that remains a vital economic and social beacon for a city that’s evolved exponentially over the last few decades. “We do feel like we’re an important part of the community. And we’re […]
Photo Pillsbury.com Though there are a number of math and science-related holidays in the calendar each year, Pi Day is objectively the best because you can celebrate with pie. The mathematical constant pi (π) represents the relationship between a circle’s diameter and its circumference, a ratio of 22 to 7. Since pi is generally […]
In the 1980s, drivable suburban development saw great gains in market share as people scrambled to escape decaying urban cores and the crime and congestion that went with them. They escaped from concrete jungles to concrete savannas—vast sprawling communities of strip malls and never-full parking lots, or planned neighborhoods miles away from the nearest bus […]
Driving around downtown Canton on a recent weekend, it was weird to have a hard time finding a parking space. In most Western North Carolina communities during the busy summer tourist season, this is the norm. But, for the blue-collar paper mill town of Canton, finding a parking spot has never been an issue. That […]
commercial Archives – Allen Tate/Beverly-Hanks Real Estate Blog
