Highlights
- The average rent for office space in Asheville is $29.18 per square foot, 29.72% higher compared to the previous year.
- The market’s vacancy rate stands at 2.47%, lower than the state average of North Carolina, which is 18.06%.
2025 Office Space Rent & Sales
- $29.18 2025 Avg. Asking Rent
- 29.72% Y-o-Y Avg. Asking Rent Change
- 2.47% 2025 Office Vacancy Rate
What is the average asking rent price for office space in Asheville?
Average asking rents for office space here stand at $29.18 per square foot. The local office market recorded an average vacancy rate of 2.47% in 2025, unchanged from 2.47% in 2024.
Asheville, NC Office Asking Rents by Class
What is the average office rent per square foot by property class in NC?
- Avg. Asking Rent Class A & A+$34.61
- Avg. Asking Rent Class B$27.56
- Avg. Asking Rent Class C$18.16
For comparison, the average rent for Class A and A+ office space in North Carolina was $34.61 per square foot. The state-wide average for Class B space was $27.56 per square foot, and Class C office spaces averaged $18.16 per square foot.
Asheville, NC Office Indicators by Submarket
| Submarket | Asking Rents | Vacancy Rates |
|---|---|---|
| West Asheville | $31.76 | 3.24% |
| Downtown Asheville | $28.23 | 3.80% |
| South Asheville | $22.00 | 0.45% |
Office Construction in Asheville, NC
What are the largest recent office completions in Asheville?
The largest recent office completion here is 1200 Ridgefield Boulevard at 60,000 square feet, completed in 1998. The next largest completions are 9 Walden Ridge Dr, Suite 30 - Lab Space and 16 Biltmore Avenue.
| Office building | Address | SF | Completed |
|---|---|---|---|
| 76 Glendale Avenue | 76 Glendale Avenue, Suites 103, 301, 28803 | 12,930 | 2022 |
| 19 Rankin Avenue | 19 Rankin Avenue, 28801 | 4,768 | 2014 |
| 307 Smokey Park Hwy | 307 Smokey Park Hwy, 28806 | 3,941 | 2007 |
| 1100 Ridgefield Blvd. Ste. 130 & 140 | 1100 Ridgefield Boulevard, 28806 | 12,618 | 2006 |
| 4 Medical Park Dr. | 4 Medical Park Dr., 28804 | 8,911 | 2000 |
| 1200 Ridgefield Boulevard | 1200 Ridgefield Boulevard, 28806 | 60,000 | 1998 |
| 396 New Leicester Highway | 396 New Leicester Highway, 28806 | 2,544 | 1998 |
| 9 Walden Ridge Dr, Suite 30 - Lab Space | 9 Walden Ridge Dr, STE 30, 28803 | 33,647 | 1997 |
| 1998 Hendersonville Road | 1998 Hendersonville Road, 28803 | 3,164 | 1989 |
| 16 Biltmore Avenue | 16 Biltmore Avenue, 28801 | 27,396 | 1988 |
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
- Knoxville Office Rent Price
- Phoenix Office Rent Price
- Washington Office Rent Price
- Miami Office Rent Price
- San Diego Office Rent Price
- Dallas Office Rent Price
- Houston Office Rent Price
- Los Angeles Office Rent Price
- Atlanta Office Rent Price
- San Francisco Office Rent Price
Disclaimer
All information on this page is based on city-level data that includes properties equal to or larger than 25,000 square feet.
Averages were calculated based on values dated between January 1st and December 31st 2025. Construction pipeline data represented herein is valid as of January 2026.
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 Yardi Research Data can guarantee that the information provided is complete.