Serving Asheville & the surrounding mountain region
Translating business and investment goals into real estate solutions.
Grounded in real regional experience and institutional-grade execution, every assignment is guided by our clients’ best interests.
Retail and office remain the tightest sectors in the region. Multifamily vacancy reflects a heavy delivery pipeline and continued Helene recovery.
Estates, families, and businesses that own commercial property and land.
National and regional homebuilders sourcing land on the acquisition side, and listing services that facilitate the builder’s takedown schedules and implement innovative marketing unique to each development.
Navigating zoning and land use for multifamily, single-family subdivisions, industrial, mixed-use, hospitality, and more. We add value to the development process through our experience and knowledge of entitled sites across the region.
Income property, value-add opportunities, adaptive reuse, land banking, and private equity investments.
Businesses searching for the right place to lease: retail, office, industrial, hospitality, sports and entertainment, and food and beverage.
Strategic planning for the real estate component of your business, with local cost analysis, valuations, and projections. We also represent businesses seeking an M&A deal as part of a real estate exit.
Land, development sites, and income property positioned with offering memorandums, direct outreach, and national exposure.
Buyer representation from first screen through due diligence, contract, and closing.
Restaurant, retail, and office tenants placed, with rent, NNN, and allowances negotiated.
Income property, land held for appreciation, and multi-phase developments, sourced and sold with investor-grade underwriting.
Districts, overlays, and the city and county approval path mapped early, so schedules match reality.
Pricing grounded in local cap rates and land values, with cost analysis and return projections.
Concept layouts, density, and access tested early to find a site’s highest and best use.
Trusted surveyors, engineers, land use attorneys, lenders, and builders across Western North Carolina.
Every listing gets a custom campaign built by our own media team, then placed in front of the buyers, builders, and investors most likely to act.
Highest and best use, buyer pool, and pricing defined before a listing goes live.
Drone video, aerial and ground photography, and property films produced by our own team.
Custom offering memorandums, site plans, and a dedicated property website for each listing.
Syndicated across the commercial, land, and MLS platforms serious buyers search.
Targeted outreach to builders, developers, and investors, with steady updates through closing.
Information is deemed reliable but not guaranteed and should be independently verified. Prices, acreage, income, approvals, and project schedules are approximate and subject to change. Offered exclusively by LGR Commercial, a division of Looking Glass Realty AVL LLC.
Heading into the end of the third quarter, Greater Asheville commercial real estate shows steady demand and tight supply. Retail and office vacancy sit at or below 3 percent. Industrial remains healthy at 4.8 percent. Multifamily is the outlier at 14.7 percent, driven by new deliveries and the lasting timing effects of Hurricane Helene.
| Sector | Vacancy | Asking rent | Under construction | Inventory |
|---|---|---|---|---|
| Multifamily | 14.7% | $1,466 to $2,212 / mo | 2,556 units | 25,190 units |
| Industrial | 4.8% | $10.60 / SF | 520,000 SF | 37,176,320 SF |
| Office | 2.8% | $27.19 / SF | 0 SF | 12,731,407 SF |
| Retail | 1.4% | $21.29 / SF | 6,080 SF | 27,880,514 SF |
| Unit | Rent / month |
|---|---|
| Studio | $1,466 |
| 1 bedroom | $1,542 |
| 2 bedroom | $1,724 |
| 3 bedroom | $2,212 |
2,296 multifamily units delivered over the past 12 months.
Spec homes, condos, and townhouses.
| Edition | Coverage | |
|---|---|---|
| August 2026 | Multifamily, industrial, office, retail, new-construction housing | Current |
| Earlier editions and detailed sector reports are available on request. | ||
Sources: CoStar and LoopNet for commercial sectors; Canopy MLS for new-construction housing. Detailed reports for each sector are available on request.
One email a month with the latest Greater Asheville numbers and new listings.
LGR Commercial began with three brokers who kept finding themselves at the same table due to their relationships with local businesses and industry professionals. Adam, Jesse, and Scott had each spent years representing business owners and investors across Western North Carolina, and together they had closed more than $100 million in land and commercial transactions from 2017 to 2024 under the Looking Glass Realty Asheville banner. With over 25 years of combined industry experience, they launched LGR Commercial as a dedicated division in 2024. Together, our experience and relationships across the region shape every engagement, and we share a collective passion for land use and site planning exercises, innovative marketing, investment strategy, land assemblages, adaptive reuse, and value-add projects. Above all, we’re here to help local businesses and investors succeed, with innovation and professionalism at every step.
237 S Liberty St, Asheville, NC 28801
Adam co-founded Looking Glass Realty Asheville in 2018 and has led more than $300 million in production as Managing Broker. His work centers on adaptive reuse, land development, land assemblages, sports and entertainment, urban infill, multifamily, value-add opportunities, and conservation areas. He is an advocate for greater access to outdoor recreation, green space, and pedestrian-friendly development.
Fourteen years in the Asheville market with a background in marketing and luxury real estate, including more than 700 acres of land closed in the past two years.
Ten-plus years in Asheville with a background in marketing, design, and commercial brokerage, including running a design firm that served WNC commercial real estate. Leads listing strategy and campaigns.
Asheville, Buncombe, and the surrounding mountain region
Whether you are buying, selling, leasing, or planning your next investment or project, share a few details and our team will be in touch within one business day.