What room is this?
Furniture will help minimize the asymmetry

It’s the office and the other side is the living room. Thankfully it’s symmetrical in that room!

I think the design flaw was floating it like that on the wall with no hearth or surround. Something like that could still be added, but a quick fix would be to choose your favorite dark, saturated color to paint that wall so the fireplace is less conspicuous. Dark blue, green, charcoal or black would be good choices. Other choices could be brick, stone or wood feature. Another treatment is a stunning wallpaper - those are endless! The asymmetry will not be so noticeable with one of those choices. You can further soften that asymmetry by adding something that obscures the corners. A tall plant, a coat tree, reading chair with a floor lamp, etc.

what if you do builtins or bookshelves around it? and make the fireplace the focal point?

I think it could be hidden that it is off center

ps hi toni :)

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I wouldn’t. That would add even more awkward geometry. Unless you put bookshelves facing the door. That could disguise the bump out on that corner. Putting built-ins around the fireplace will bury it.

How about adding large floating shelves (Ikea Lack) on the smaller wall (next to the bump out wall). On the other side add a good sized armless chair, lighting, and floor plants. For the fireplace itself, paint wall a color that will match the wood from floor to ceiling the entire width of the fireplace, add decorative moulding on either side, thin or thick, to finish the look, and painted the same color as the fireplace portion of the wall to blend in. No one will notice the asymetry because of the added interesting designs.

You don’t need a perfectly centered fireplace to achieve any of these looks

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Etc

Is there a fireplace on the living room side? Are you sure it wouldn't be better to switch the two areas? Let us see, and you might be pleasantly surprised with the ideas generated by giving us all the context of the room.

Thank you all for your ideas! Yes there is a fireplace in the other side. Excuse the mess, we’re new carpet so it’s all in disarray!

I would switch the rooms, as well. The high ceiling, the loft railing and fireplace are more conducive for living room furniture.

I would paint the FP wall a deep color so that the floating fireplace doesn't stand out as much.

Add shelves or some cabinetry to the wall to the right.

I think office and living locations are right, since the living area has the more impressive fireplace. Where do those two cabinets normally go? I'm thinking you might try them on the left wall at the office end, then put your desk so your back is to the area where Beverly shows the shelves. I see more outlets on the right side of the office space than on the left, so it makes sense to me that your desk and electronic gear should go to the right. Besides, the depth of the two cabinets may be about the same as the bump-out, thereby evening out the imbalance issue.