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
  • 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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US-FL-GNV Gainesville