Commercial Real Estate Market in Swannanoa, NC
Updated monthly: sale, lease, property records, location trend, and more… · Last update: August 31
52 active listings and 283 off-market properties in Swannanoa, NC. Commercial property asks $11,501/SF to buy and $7.50/SF/Yr to lease.
Market Trends
Swannanoa, NC spans 32.5 square miles in Buncombe County, North Carolina. Figures below refresh monthly; last updated 31 August 2026.
Office
Office vacancy in Swannanoa, NC runs 20.2% across the South region in 2025, up from 14.4% in 2019.
Vacancy Rate % in South region
Retail
Retail vacancy in Swannanoa, NC runs 5.4% across the South region in 2025, down from 7% in 2020.
Vacancy Rate % in South region
Industrial
Industrial vacancy in Swannanoa, NC runs 7.9% across the South region in 2025, up from 6% in 2019. Nearly 2.3x the 2022 low of 3.5%.
Vacancy Rate % in South region
Multifamily
Multifamily vacancy in Swannanoa, NC runs 11.3% across the South region in 2025, up from 8.5% in 2022.
Vacancy Rate % in South region
Market overview
Demographics & Economy
Swannanoa, NC has 10,328 residents in 4,865 households. Density runs 318 people per square mile. Median household income here is $72,717 and median gross rent $1,004 a month.
10,328
Population
4,865
Households
2.1
Avg Household Size
42
Median Age
32%
College-Educated
86%
High-School Grad
32.5 sq mi
ZIP Area
318
Density / Sq Mi
$72,717
Median Household Income
$36,218
Median Earnings
$1,004
Median Rent
$273,800
Median Home Value
Tools
Nearby Markets
| Market | Average Sale Price, $/SF | Average Lease Price, $/SF/Yr |
|---|---|---|
| Black Mountain | — | — |
| Fairview | — | — |
| Ridgecrest | — | — |
| Montreat | — | — |
Commercial property in Swannanoa, NC asks $11,501/SF.
Frequently Asked Questions
What is the average price per square foot for commercial property in Swannanoa?
Commercial property in Swannanoa, NC asks an average of $11,501 per square foot. The 6 most recent recorded sales traded at a median of $467/SF, so asking sits 2361% above the achieved median.
How much does it cost to lease commercial space in Swannanoa?
Asking lease rates in Swannanoa, NC average $7.50 per square foot per year.
Where does Realmo's Swannanoa market data come from?
Realmo compiles Swannanoa, NC figures from 8 recent recorded sales, 48 active sale listings, 4 active lease listings, 283 tracked off-market properties. Sale and lease figures refresh monthly; vacancy annually. Last updated 31 August 2026.
Methodology & data sources
- Asking prices and averages
- Computed from 48 active for-sale and 4 active for-lease listings in Swannanoa, NC. These are ASKING figures from live listings, not closed-transaction prices, and a segment carried by a handful of listings reads as indicative rather than an average.
- 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.
- Refresh
- The monthly aggregates close at the end of the previous month, so 31 August 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, industrial vacancy is reported at South region level and asking prices run materially above recent closed pricing.
- 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 August 2026 · report a data issue
