Allen Tate/Beverly-Hanks Q2 2024 Market Report

COMMERCIAL LEASE ACTIVITY | QUARTER TWO 2024

8 INDUSTRIAL LEASES 2023 : 12 5.3% VACANCY RATE 2023: 4.6%

37

42

OFFICE LEASES 2023 : 50

RETAIL LEASES 2023 : 22

VACANCY RATE 2023: 2.6%

VACANCY RATE 2023:1.5%

2.8%

1.6%

PROPERTIES LEASED

81

BUNCOMBE

3

HAYWOOD

7

HENDERSON

0

MADISON

Explore listings, market insights, and access to our experienced team of commercial agents. naibeverly-hanks.com

0

MITCHELL/YANCEY

3

POLK

0

RUTHERFORD

7

TRANSYLVANIA

101 TOTAL

220 Merrimon Avenue, Weaverville, NC Notable Transaction

All chart information represents 2024 data as provided by CoStar for the 9-county region.

$5,800,000 Our agents Karl and Jim just closed on this 115,000 SF manufacturing space. The property includes a recently resurfaced parking lot and driveway, updated LED lighting on the interior, recently replaced roof, a total of eight dock doors and one drive-in, updated rooftop heating and cooling systems, and numerous overhead crane systems throughout the building. This was not your typical investment property—it was 75% leased, 25% vacant—but they found the perfect buyer ready to use the vacant space and grow on site.

QUARTER TWO 2024 29

Made with FlippingBook - professional solution for displaying marketing and sales documents online