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Asheville Office Rent Price & Sales Report

2021 Office Space Rent & Sales

  • $22.63 2021 Avg. Asking Rent
  • 8.10% 2021 Office Vacancy Rate

Asheville office price per square foot in 2021 was $22.63 on average. The local office market recorded an average vacancy rate of 8.10% across all asset classes combined.

Average Rent by Office Class

2021 Average Office Rent per Square Foot

  • Asheville Class A & A+ Office Space$23.70
  • Asheville Class B Office Space$21.16
  • North Carolina Class A & A+ Office Space$30.03
  • North Carolina Class B Office Space$23.99
  • North Carolina Class C Office Space$18.96

Asheville, NC Office Asking Rents by Class

Office Spaces for Rent in North Carolina

  • Charlotte Office Space
  • Raleigh Office Space
  • Durham Office Space
  • Greensboro Office Space
  • Winston - Salem Office Space
  • Cary Office Space
  • Morrisville Office Space
  • Wilmington Office Space
  • Asheville Office Space
  • Chapel Hill Office Space
  • High Point Office Space
  • Apex Office Space
  • Concord Office Space
  • Huntersville Office Space
  • Mooresville Office Space

Coworking Spaces in North Carolina

  • Atlanta Coworking Space
  • Chicago Coworking Space
  • Washington Coworking Space
  • Miami Coworking Space
  • Charlotte Coworking Space
  • Raleigh Coworking Space
  • Durham Coworking Space
  • Asheville Coworking Space
  • Chapel Hill Coworking Space
  • Cary Coworking Space
  • Greensboro Coworking Space
  • Wake Forest Coworking Space
  • Wilmington Coworking Space
  • Huntersville Coworking Space
  • Winston - Salem Coworking Space
  • Burlington Coworking Space
  • Concord Coworking Space
  • Fuquay Varina Coworking Space
  • Holly Springs Coworking Space
  • Shelby Coworking Space

2021 Office Construction in Asheville, NC

  • Asheville, NC Total SF under construction in 2022 26,000
Largest Office Properties Recently Completed in Asheville
Office building Address SF Completed
76 Glendale Avenue 76 Glendale Avenue, Suites 1-16, 28803 12,930 2022
Biltmore Park Town Square - 30 Town Square Blvd 30 Town Square Blvd, 28803 67,959 2008
1100 Ridgefield Boulevard, Suite 100 1100 Ridgefield Boulevard, Suite 100, 28806 6,252 2006
Biltmore Park Town Square - 2 Town Square Blvd 2 Town Square Blvd, 28803 58,819 2004
Biltmore Park Town Square - 1 Town Square Blvd 1 Town Square Blvd, 28803 63,033 2000
8 Town Square Blvd 8 Town Square Blvd, 28803 20,000 2000
10-C Yorkshire Street 10 Yorkshire Street, Unit C Lower Level, 28803 11,200 2000
Forest Center North 900 Hendersonville Road, 28803 43,900 1999
300 Ridgefield Court, Asheville, NC 300 Ridgefield Court, 28806 63,500 1989
1 N Pack Square 1 N Pack Square, 28801 140,598 1982

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.

Data provided by Commercial Edge

See reports for other markets

  • Charlotte Office Rent Price
  • Raleigh Office Rent Price
  • Durham Office Rent Price
  • Cary Office Rent Price
  • Morrisville Office Rent Price
  • Chicago Office Rent Price
  • Atlanta Office Rent Price
  • Los Angeles Office Rent Price
  • Austin Office Rent Price
  • San Diego Office Rent Price
  • San Antonio Office Rent Price
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  • San Francisco Office Rent Price
  • New York City Office Rent Price
  • Denver Office Rent Price
  • Dallas 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 2021 through December 31st 2021. Construction pipeline data represented herein is valid as of April 2022. 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.

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