Asheville, North Carolina: A Premier Destination for Commercial Real Estate

Introduction

Asheville, North Carolina, is a vibrant city renowned for its unique blend of natural beauty and economic vitality, making it an attractive destination for commercial real estate (CRE) investment. Nestled in the Blue Ridge Mountains, Asheville is the largest city in Western North Carolina, with a growing population driven by its diverse economy. The city hosts major industry clusters in healthcare, tourism, and manufacturing, providing a robust foundation for CRE demand across various property types.

Economic and Industry Overview

Asheville's economy is anchored by several key industries that drive demand for commercial real estate:

• Healthcare: Home to the Mission Health System, one of the largest employers in the region, Asheville's healthcare industry supports significant demand for medical office space and related facilities.
• Tourism: With attractions like the Biltmore Estate and a thriving arts scene, tourism fuels demand for retail and hospitality properties.
• Manufacturing: The city has a strong manufacturing base, including automotive and advanced manufacturing, which bolsters demand for industrial and flex spaces.

Regional economic development initiatives, such as those from the Asheville Area Chamber of Commerce, continue to enhance Asheville's attractiveness for CRE investment.

Strategic Location and Transportation Infrastructure

Asheville's strategic location and transportation infrastructure are key advantages for commercial real estate:

• Highways: The city is served by major highways, including I-26 and I-40, providing excellent connectivity for logistics and distribution.
• Airports: The Asheville Regional Airport offers direct flights to major hubs, facilitating business travel and cargo transport.
• Rail Lines: Freight rail services support the manufacturing and distribution sectors.

These logistical advantages provide easy access to labor pools and markets, enhancing Asheville's appeal for CRE investors.

Commercial Real Estate Inventory & Zoning

Asheville's commercial real estate landscape is diverse, with several key submarkets:

• Central Business District (CBD): The heart of Asheville's office and retail activity.
• Industrial Corridors: Areas like the River Arts District offer industrial and flex spaces.
• Innovation Districts: Emerging areas focused on tech and creative industries.

The city's zoning policies, including recent updates and incentives, are accessible via the City of Asheville Planning and Urban Design Department.

Major Employers and Institutions

Top employers and institutions driving CRE demand in Asheville include:

• Mission Health System: A major healthcare provider.
• University of North Carolina at Asheville: Contributing to demand for educational and research facilities.
• Buncombe County Government: A significant driver of office space demand.

For more information, visit the Asheville Economic Development Coalition.

Notable Commercial Developments & Projects

Asheville is home to several large-scale developments and projects:

• The Asheville River Arts District: A major mixed-use development.
• Public-Private Partnerships: Initiatives focused on infrastructure and urban development.
• Opportunity Zones: Areas designated for economic revitalization.

Details can be found on the City of Asheville Planning Department.

Building Permits, Planning, and Development Tools

Access essential tools for development in Asheville:

• Building and Safety Department
• Permitting Portals
• Parcel Map Viewer / GIS
• Planning Commission
• Development Code

Market Data & Economic Reports

Explore public data sets and reports:

• Census Data
• Asheville's Open Data Portal
• Economic impact reports available through the Asheville Area Chamber of Commerce.

Brevitas uses AI-powered aggregation from public data and internal insights to provide a comprehensive view of the Asheville CRE market. Explore our Brevitas-powered dashboards for Asheville here.

Why Use Brevitas for Asheville, North Carolina CRE?

Brevitas offers an unparalleled platform for Asheville commercial real estate:

• AI-Driven CRE Discovery: Find the best properties with precision.
• Real-Time Market Alerts: Stay updated on market trends.
• Smart Property Pages: Access detailed property insights.
• Dealroom Collaboration: Seamlessly manage transactions.

Unique features include:

• Auto-generated listing pages
• Email and landing page tools
• Integration with brokers and developers
• Exclusive listings and premium exposure

Experience the Brevitas advantage for Asheville's CRE market here.