2024 Office Space Rent & Sales
- $22.49 2024 Avg. Asking Rent
- 7.46% 2024 Office Vacancy Rate
Asheville office price per square foot in 2024 was $22.49 on average. The local office market recorded an average vacancy rate of 7.46% across all asset classes combined.
See how this market compares to the national average: U.S. office space rent & sales.
Average Rent by Office Class
2024 Average Office Rent per Square Foot
- North Carolina Class A & A+ Office Space$34.49
- North Carolina Class B Office Space$26.63
- North Carolina Class C Office Space$19.48
Asheville, NC Office Asking Rents by Class
2024 Office Vacancy Rates in Asheville
| Submarket | Asking Rents | Vacancy Rates |
|---|---|---|
| Arden | $26.45 | 8.87% |
| Downtown Asheville | $26.06 | 7.67% |
| West Asheville | $18.66 | 14.29% |
Office Spaces for Rent in North Carolina
- Charlotte Office Space
- Raleigh Office Space
- Durham Office Space
- Cary Office Space
- Winston - Salem Office Space
- Greensboro Office Space
- Chapel Hill Office Space
- Fayetteville Office Space
- Apex Office Space
- Holly Springs Office Space
- Fuquay Varina Office Space
- Wake Forest Office Space
- Carrboro Office Space
- Pittsboro Office Space
Coworking Spaces in North Carolina
- Atlanta Coworking Space
- Miami Coworking Space
- Nashville Coworking Space
- Charlotte Coworking Space
- Philadelphia Coworking Space
- Columbus Coworking Space
- Jacksonville Coworking Space
- Cincinnati Coworking Space
- Tampa Coworking Space
- Raleigh Coworking Space
- Orlando Coworking Space
- Pittsburgh Coworking Space
- Alexandria Coworking Space
- Boca Raton Coworking Space
- Fort Lauderdale Coworking Space
- Durham Coworking Space
- Alpharetta Coworking Space
- Memphis Coworking Space
- Richmond Coworking Space
- Asheville Coworking Space
- Chattanooga Coworking Space
2024 Office Construction in Asheville, NC
| Office building | Address | SF | Completed |
|---|---|---|---|
| 76 Glendale Avenue | 76 Glendale Avenue, Suites 103, 301, 28803 | 12,930 | 2022 |
| 39 Glendale Avenue | 39 Glendale Avenue, 28803 | 4,500 | 2021 |
| 1201 Bleachery Boulevard, Suite 201 | 1201 Bleachery Boulevard | Asheville, 28803 | 5,814 | 2009 |
| 157 S. Lexington Avenue | 157 S Lexington Avenue, 28801 | 4,663 | 2007 |
| 157 S. Lexington Avenue | 157 S Lexington Avenue, 28801 | 4,663 | 2007 |
| 1200 Ridgefield Boulevard | 1200 Ridgefield Boulevard, 28806 | 60,000 | 1998 |
| 1708 & 1710 Old Haywood Road | 1708 & 1710 Old Haywood Road, 28806 | 2,290 | 1994 |
| Park Terrace - Patton Avenue | Park Terrace - Patton Avenue, 28806 | 120,123 | 1991 |
| 16 Biltmore Avenue | 16 Biltmore Avenue, 28801 | 27,396 | 1988 |
| 410 Swannanoa River Road | 410 Swannanoa River Road, 28805 | 2,388 | 1983 |
Worth noting among recent office completions on the Asheville market is 76 Glendale Avenue, which is currently the largest new office development in the city, at 12,930 square feet.
See reports for other markets
- Charlotte Office Rent Price
- Raleigh Office Rent Price
- Durham Office Rent Price
- Greensboro Office Rent Price
- Winston-Salem Office Rent Price
- Cary Office Rent Price
- Manhattan Office Rent Price
- Phoenix Office Rent Price
- Dallas Office Rent Price
- Denver Office Rent Price
- Los Angeles Office Rent Price
- Chicago Office Rent Price
- San Francisco Office Rent Price
- San Diego Office Rent Price
- Houston Office Rent Price
- Seattle Office Rent Price
This market stats report is based on analysis of city-level data that includes office properties equal to or larger than 25,000 square feet in size. Averages were calculated based on values dated January 1st 2024 through December 31st 2024. Construction pipeline data represented herein is valid as of February 2025. The information on this page was compiled using data provided by CommercialEdge, a market intelligence solution which offers comprehensive real market knowledge on all Asheville commercial properties sized 25,000 square feet or larger.
While every effort was made to ensure the accuracy of the data presented in this report, the information is provided “as is” and neither CommercialCafe nor CommercialEdge can guarantee that the information provided is complete.