The new coworking space at 45 S. French Broad Ave includes 18 offices, 12 phone booths, 50 flex desks, a communal kitchen area and conference rooms.
According to Redfin, a nationwide real estate brokerage, the average real estate budget for an outsider moving to Asheville was $615,500 as of April, 31% higher than the average local budget of $469,000. That disparity between outside and local buyers was greater than in either Charlotte or Raleigh.
While 2016 statistics show increasing availability in the area’s rental housing market, Asheville renters say their choices remain limited and prices steep. Several city initiatives — including a $25 million affordable housing bond referendum approved by voters in November — aim to bolster the supply of affordable housing, while some private-sector players are pursuing similar goals.
At a sold-out event in downtown Asheville, NPR journalist Michel Martin and local panelists reflect on what happens when your hometown gets hot.
At its Nov. 11 meeting, City Council approved a request to alter terms of the city’s support for a troubled mixed-use development on Eagle and Market Streets. As part of the modification, the city agreed to allow the developer to make 24-30 of the project’s 62 units into workforce housing. Originally, all 62 units were designated affordable housing.