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
- Charlotte Office Space
- Raleigh Office Space
- Durham Office Space
- Cary Office Space
- Winston - Salem Office Space
- Greensboro Office Space
- Chapel Hill Office Space
- Fayetteville Office Space
- Apex Office Space
- Holly Springs Office Space
- Wake Forest Office Space
- Fuquay Varina Office Space
- Pittsboro Office Space
- Sanford Office Space
Coworking Spaces in North Carolina
- Atlanta Coworking Space
- Miami Coworking Space
- Nashville Coworking Space
- Charlotte Coworking Space
- Philadelphia Coworking Space
- Cincinnati Coworking Space
- Columbus Coworking Space
- Jacksonville Coworking Space
- Raleigh Coworking Space
- Tampa Coworking Space
- Orlando Coworking Space
- Pittsburgh Coworking Space
- Fort Lauderdale Coworking Space
- Boca Raton Coworking Space
- Alexandria Coworking Space
- Memphis Coworking Space
- Durham Coworking Space
- Alpharetta Coworking Space
- Richmond Coworking Space
- Asheville Coworking Space
- Chattanooga Coworking Space
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 |
| 1075 Hendersonville Road, Suite 100 | 1075 Hendersonville Road, 28801 | 6,468 | 2005 |
| 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 |
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
- Atlanta Office Rent Price
- Los Angeles Office Rent Price
- Denver Office Rent Price
- Manhattan Office Rent Price
- San Diego Office Rent Price
- San Antonio Office Rent Price
- Miami Office Rent Price
- San Francisco Office Rent Price
- Chicago Office Rent Price
- Phoenix 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.