Gainesville office market report

Q2 2023

Gainesville’s office market experienced a slight decrease in leasing activity in the second quarter amid economic tightening; however, with the substantial presence of research and technology enterprises, the market is expected to show more resilience than others. Job growth rate continues increasing as influences such as a growing resident population factor into the rise of employment opportunities. The pace of investment sales in Gainesville is anticipated to maintain subdued throughout the remainder of 2023, awaiting the emergence of positive economic developments.

52,362 sf

Leasing activity

Office leasing activity in Gainesville has witnessed a minor deceleration compared to the midpoint of 2022, marking a 16% decrease equivalent to 52,362 square feet.


Job growth

The job market in Gainesville has experienced significant expansion due to influences such as its identity as a university-centered city, the continuous growth of healthcare and technology domains, and an increasing resident population, leading to a 3.6% employment increase year over year.


Sales volume

Amidst economic headwinds, investors encountered uphill struggles in securing lending due to the persistent rise in interest rates. At the end of the second quarter of 2023, office investment sales aggregated to $4.8 million.

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Get in-depth office 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 properties.

Explore different topics like the latest office market pricing trends and analysis of Gainesville's current office real estate market conditions. Gain a better understanding of Gainesville’s office real estate outlook and stay ahead of current office space trends. Make smart decisions when it comes to investing in office properties in Gainesville's competitive office real estate market. Avison Young is your trusted source for commercial real estate office market insights in Gainesville.

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