The Melby Group - Corporate Real Estate

Want retail space in Asheville?

We can make your life easier by doing the work: Finding MORE spaces for rent or sale - and getting better terms for you. No charge - call us for details.

What could be better than shopping in Asheville, NC? Beautiful streetscapes, beautiful weather, friendly people and vibrant, diverse shoppers – Asheville has them all. Well-located retail shopping centers, freestanding retail spaces and stores throughout the Asheville area do a fine business from both the local population and the many tourists that come from far and wide.

This from an August 2009 USA today article on favorite places (Asheville): “Great arts and music scene; a community mix of mountain folk, bohemians, business people and highly educated locals; wonderful outdoors lifestyle and fly-fishing; organic Caribbean-Cuban-Mexican-Jamaican food at Salsa Mexican Caribbean Restaurant.” And that’s only the tip of the iceberg. Shopping centers and retail stores report excellent sales from both the downtown Asheville retail market and various suburban shopping centers in and around Asheville.

Even in this economy, there is still new construction of retail space and projects, and well managed retail businesses and restaurants are still busy and profitable. (Just make sure you have good visibility, parking and access . . . and of course your store or restaurant is selling what people want to buy!) <

Shopping center stores and commercial retail space in Asheville rent for a rough average of $12 - $24 per square foot (PSF) NNN, plus operating expenses that typically run another $3.00 PSF depending on the age and design of the store. Of course, some of the newest retail projects with the biggest anchor tenants like movie theaters go for as high as $32 PSF.

Regional Mall or Community Center, Strip Center to Out Parcels, Asheville has the typical mix and the retailer is certain to find a match for their requirements.

One of the biggest retail shopping center projects in the Asheville area, a premier mixed use Town Center, is Biltmore Park Town Square. Retail stores include Barnes & Noble, Recreational Equipment, Inc. (REI), Regal Biltmore Grande (15 screen, stadium seated theater), P.F. Chang's 131 Main Restaurant, Brixx Pizza, Cold Stone Creamery, Travinia & Hickory Tavern. Upon completion, Biltmore Park Town Square will have 283,000 SF of retail, 276 multi-family units, apartments /condos / townhomes, 270,000 SF of Class A office space and a 165 room Hilton Hotel.

Biltmore Park Town Square is located in the center of Biltmore Park, a master-planned community in South Asheville along Interstate 26, and in one of the fastest growing areas in Western North Carolina.

We have many years of experience in analyzing retail space, including shopping center space and retail locations, and can easily provide demographic reports and traffic counts – along with local experience of shopping patterns . . . so call us to help you find all the retail space choices. As exclusive Tenant Reps we are here to make you a success – and hopefully do your next unit too! Call us today for a free consultation.