2022 Office Space Rent & Sales
- $23.05 2022 Avg. Asking Rent
- 1.86% Y-o-Y Avg. Asking Rent Change
- 13.22% 2022 Office Vacancy Rate
Asheville office price per square foot in 2022 was $23.05 on average. This marked a +1.86% change in office space price per square foot compared to the previous year. The local office market recorded an average vacancy rate of 13.22% across all asset classes combined.
Average Rent by Office Class
2022 Average Office Rent per Square Foot
- Asheville Class A & A+ Office Space$37.51
- Asheville Class B Office Space$22.62
- North Carolina Class A & A+ Office Space$31.09
- North Carolina Class B Office Space$25.04
- North Carolina Class C Office Space$22.78
Asheville, NC Office Asking Rents by Class
2022 Office Vacancy Rates in Asheville
Submarket | Asking Rents | Vacancy Rates |
---|---|---|
Arden | $37.51 | 6.77% |
Downtown Asheville | $22.62 | 18.64% |
Coworking Spaces in North Carolina
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2022 Office Construction in Asheville, NC
- Asheville, NC Total SF completed in 2022 26,000
During 2022, 26,000 square feet of new office space were delivered across the market. At the close of 2022, the Asheville office inventory included 1 buildings equal to or larger than 25,000 square feet, which comprised 26,000 square feet of office space.
Office building | Address | SF | Completed |
---|---|---|---|
208 Charlotte Highway | 208 Charlotte Highway, 28803 | 2,788 | 2021 |
208 Charlotte Highway | 208 Charlotte Highway, 28803 | 2,788 | 2021 |
208 Charlotte Highway | 208 Charlotte Highway, 28803 | 1,394 | 2021 |
208 Charlotte Highway | 208 Charlotte Highway, 28803 | 1,394 | 2021 |
208 Charlotte Highway | 208 Charlotte Highway, 28803 | 1,394 | 2021 |
208 Charlotte Highway | 208 Charlotte Highway, 28803 | 1,394 | 2021 |
1201 Bleachery Boulevard, Suite 201 | 1201 Bleachery Boulevard | Asheville, 28803 | 5,814 | 2009 |
Biltmore Park Town Square - 30 Town Square Blvd | 30 Town Square Blvd, 28803 | 67,959 | 2008 |
Biltmore Park Town Square - 2 Town Square Blvd | 2 Town Square Blvd, 28803 | 58,819 | 2004 |
600A Centre Park Dr. | 600A Centre Park Dr., 28805 | 3,373 | 2003 |
Worth noting among recent office completions on the Asheville market is 208 Charlotte Highway, which is currently the largest new office development in the city, at 2,788 square feet.
See reports for other markets
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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 2022 through December 31st 2022. Construction pipeline data represented herein is valid as of April 2023. 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.