On average, listings lease in the $20's per square foot per year. The Downtown Asheville submarket is experiencing a a boost in rates. In the last 3 months, the median rate rose $1 per sqft per year. That's a 5% increase in rent.
In the last 90 days, 7 listings have been posted online, which means office spaces might be leasing quickly. You'll want to be prepared to make an offer immediately. About 14% of the available space in the Downtown Asheville are subleases, so you might be able to find a shorter term or below market rent. There aren't many listings below 2,000 square feet available, so finding a space for a small business might be tough.
The standard measurement for office space in this area is around 1,490 sqft. Most buildings in this area are approximately 2 stories. Most buildings in this market were built in 1957 and are Class A.
A large portion of this market is residential, but there's plenty of office_space. Finance and insurance are the dominant industries in this region. Commute by bike is the most popular way to get to work amongst Downtown Asheville folk. Commuting approximately an hour a day is the norm for those who opt to reside in this part of town.