2023 Office Space Rent & Sales
- $29.26 2023 Avg. Asking Rent
- 6.67% 2023 Office Vacancy Rate
Asheville office price per square foot in 2023 was $29.26 on average. The local office market recorded an average vacancy rate of 6.67% 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
2023 Average Office Rent per Square Foot
- North Carolina Class A & A+ Office Space$32.22
- North Carolina Class B Office Space$25.82
- North Carolina Class C Office Space$29.73
Asheville, NC Office Asking Rents by Class
2023 Office Vacancy Rates in Asheville
| Submarket | Asking Rents | Vacancy Rates |
|---|---|---|
| Arden | $37.51 | 5.11% |
| Downtown Asheville | $28.01 | 4.29% |
Office Spaces for Rent in North Carolina
Coworking Spaces in North Carolina
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2023 Office Construction in Asheville, NC
| Office building | Address | SF | Completed |
|---|---|---|---|
| 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 |
| 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 |
| 1200 Ridgefield Boulevard | 1200 Ridgefield Boulevard, 28806 | 60,000 | 1998 |
| Park Terrace - Patton Avenue | Park Terrace - Patton Avenue, 28806 | 120,123 | 1991 |
| 300 Ridgefield Court, Asheville, NC | 300 Ridgefield Court, 28806 | 63,500 | 1989 |
| 16 Biltmore Avenue | 16 Biltmore Avenue, 28801 | 27,396 | 1988 |
| 34 N Ann Street | 34 N Ann Street, 28801 | 1,550 | 1986 |
Worth noting among recent office completions on the Asheville market is 1201 Bleachery Boulevard, Suite 201, which is currently the largest new office development in the city, at 5,814 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
- Denver Office Rent Price
- Washington Office Rent Price
- Los Angeles Office Rent Price
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- Manhattan 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 2023 through December 31st 2023. Construction pipeline data represented herein is valid as of April 2024. 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.