Gainesville office, retail and industrial market report
Q4 2023
As of November, Gainesville’s unemployment rate dropped slightly by 20 basis points to 3.2% from the third quarter. Nonfarm employment growth increased 1.7% year over year, with the professional and business services sector increasing by 3.2%, and the education and health services sector growing by 2.4% during the same period.
Office leasing activity
Office leasing activity experienced a slight year-over-year softening, amounting to more than 88,000 square feet in 2023.
Retail occupancy rates
The retail occupancy rates continued to reach unprecedented levels, with limited available space. In Gainesville, the occupancy rate stood at 96.5% at the end of 2023.
Industrial asking rates
Year over year, there was a notable 14.4% surge in industrial asking rates, reaching $14.43 NNN per square foot.
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Get in-depth office, retail and industrial market reports and insights from commercial real estate experts in the Greater Gainesville area. Avison Young advisors look at Gainesville commercial real estate activities and the latest Gainesville statistics to provide you expert market research on Gainesville's office, retail and industrial properties.
Explore different topics like the latest office, retail and industrial market pricing trends and analysis of Gainesville's current office, retail and industrial real estate market conditions. Gain a better understanding of Gainesville’s office, retail and industrial real estate outlook and stay ahead of current office, retail and industrial space trends. Make smart decisions when it comes to investing in office, retail and industrial properties in Gainesville's competitive office, retail and industrial real estate market. Avison Young is your trusted source for commercial real estate office, retail and industrial market insights in Gainesville.
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