Commercial Real Estate Market in Asheville, NC
Updated monthly: sale, lease, property records, location trend, and more… · Last update: October 31
355 active listings and 4,197 off-market properties in Asheville, NC. Commercial property asks $257/SF to buy and $22.00/SF/Yr to lease.
Market Trends
Asheville, NC spans 136.8 square miles in Buncombe County, North Carolina. Figures below refresh monthly; last updated 31 October 2026.
Office
Office space in Asheville, NC has a median asking sale price of $308/SF. Vacancy runs 20.2% across the South region in 2025, up from 14.4% in 2019.
Retail
Retail space in Asheville, NC has a median asking sale price of $333/SF (based on 5 listings). Vacancy runs 5.4% across the South region in 2025, down from 7% in 2020.
Industrial
Industrial space in Asheville, NC has a median asking sale price of $120/SF (based on 5 listings). Vacancy runs 7.9% across the South region in 2025, up from 6% in 2019. Nearly 2.3x the 2022 low of 3.5%.
Multifamily
Multifamily space in Asheville, NC has a median asking sale price of $257/SF. Vacancy runs 11.3% across the South region in 2025, up from 8.5% in 2022.
Zoning & Land Use
Land Use Mix share of zoned land by category
- Residential 57.7%
- Civic 12.8%
- Commercial 12.5%
- Industrial 7.7%
- Mixed use 0.4%
- Special 0.2%
Largest Zones share of zoned land by district
Asheville, NC zones 28,679 acres across 46 districts. Commercial zoning covers 12.5% of zoned land, residential 57.7% and industrial 7.7%. The largest single district is Medium Density Single Family Residential at 20.3%. For commercial buyers the practical constraint is that only 20.1% of land carries a commercial or industrial designation.
The purpose of RS-4 zone is to establish a medium density for single family dwellings and to stabilize and protect the residential character of the district while promoting a suitable environment for single family living
Market overview
Demographics & Economy
Asheville, NC has 136,395 residents in 70,450 households. Density runs 997 people per square mile. Median household income here is $66,079 and median gross rent $1,299 a month.
Tools
Frequently Asked Questions
What is the median price per square foot for commercial property in Asheville?
How much does it cost to lease commercial space in Asheville?
What zoning applies to commercial property in Asheville?
Where does Realmo's Asheville market data come from?
Methodology & data sources
- Asking prices and medians
- There are 178 active for-sale and 177 active for-lease listings in Asheville, NC. The medians are based on 45 of the for-sale and 120 of the for-lease listings, those that state a price or rent per square foot. These are ASKING figures from live listings, not closed-transaction prices, and a figure resting on fewer than 10 listings says so where it is quoted.
- Vacancy rates
- Published per-sector market series, taken at the metro level where one exists and otherwise at the Census-region level — a chart reading "in <region> region" is a regional number, not this city's.
- Zoning and land use
- The current municipal zoning release: 28,679 zoned acres across 46 districts. Shares are of zoned land, so parcels the release leaves unclassified are excluded from the mix.
- Refresh
- The monthly aggregates close at the end of the previous month, so 31 October 2026 — not today — is the honest last update.
- Known limitations
- office vacancy is reported at South region level, retail vacancy is reported at South region level and industrial vacancy is reported at South region level.
- Coverage
- Metrics below the 10-observation threshold fall back one geographic level. The geography used is named on each figure.
Compiled by the Realmo Data team · reviewed 31 October 2026 · How Realmo checks market page data · Report a data issue
