Retail sales in Gainesville experience a strong recovery following the impact of the pandemic
![graph of average price per square foot of retail assets and total retail sale volume in Gainesville from 2016 to 2023](/documents/35486/96633304/Gainesville+6.2.23_RF.png/b9e441cb-7e2f-87a2-f578-ffdf07fd3506?t=1685994563156)
- The price per square foot (psf) of retail assets has reached an unprecedented milestone, soaring to $317 and indicating a remarkable year-over-year increase of 50%.
- Despite a slight decline in sales volume compared to 2022, the average cap rate for retail assets remains steady at 6.3%, showcasing stability in the market.
- With economic uncertainty prompting investors to seek alternative avenues for capital placement, the retail sector emerges as a compelling choice, boasting robust market fundamentals that have consistently improved over the past three years.
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