Commercial Real Estate Market in Gainesville, GA
Updated monthly: sale, lease, property records, location trend, and more… · Last update: October 31
85 active listings and 3,081 off-market properties in Gainesville, GA. Commercial property asks $278/SF to buy and $17.82/SF/Yr to lease.
Market Trends
Gainesville, GA spans 211.3 square miles in Hall County, Georgia. Figures below refresh monthly; last updated 31 October 2026.
Office
Office space in Gainesville, GA has a median asking sale price of $278/SF (based on 3 listings). Vacancy runs 20.2% across the South region in 2025, up from 14.4% in 2019.
Retail
Retail space in Gainesville, GA has a median asking sale price of $270/SF (based on 9 listings). Vacancy runs 5.4% across the South region in 2025, down from 7% in 2020.
Industrial
Industrial space in Gainesville, GA has a median asking sale price of $344/SF (based on 4 listings). Vacancy runs 7.9% across the South region in 2025, up from 6% in 2019. Nearly 2.3x the 2022 low of 3.5%.
Multifamily
Multifamily vacancy in Gainesville, GA runs 11.3% across the South region in 2025, up from 8.5% in 2022.
Zoning & Land Use
Land Use Mix share of zoned land by category
- Residential 45.7%
- Planned_development 28.6%
- Industrial 14.6%
- Commercial 7.9%
- Civic 3.3%
Largest Zones share of zoned land by district
R-I-A R-I N-C R-II R-O O-I N-B C-B R-B G-B L-I H-I Cemetery SU SU SU SU P P P The use of property as a burial place for human or animal remains. Does not include cremation services. Conservation area P P P P P P P P P P P P Any area set aside for conservation of the land in its natural state. Golf course SU SU SU SU A tract of land laid out with at least 9 h…
Market overview
Demographics & Economy
Gainesville, GA has 132,970 residents in 51,450 households. Density runs 629 people per square mile. Median household income here is $77,415 and median gross rent $1,236 a month.
Tools
Lease vs Buy Breakeven
At $17.82/SF/Yr lease vs $278/SF buy → buying wins if held > 4.2 years.
At a 6.4% gross asking yield the payback reads short relative to leasing. Assumes 30% down at 6.5% fixed, 2% a year in taxes and upkeep, 3% appreciation, 5% opportunity cost, 2% closing plus 5% selling costs, and a 3% annual rent escalator.
Nearby Markets
| Market | Median Asking Price, $/SF | Median Asking Rent, $/SF/Yr |
|---|---|---|
| Clermont | $95 | $13.75 |
| Pendergrass | — | $11.48 |
Commercial property in Gainesville, GA asks $278/SF. That compares with $95/SF in Clermont.
Frequently Asked Questions
What is the median price per square foot for commercial property in Gainesville?
How much does it cost to lease commercial space in Gainesville?
Is it cheaper to lease or buy commercial space in Gainesville?
How does Gainesville compare to nearby markets on price?
Where does Realmo's Gainesville market data come from?
Methodology & data sources
- Asking prices and medians
- There are 49 active for-sale and 36 active for-lease listings in Gainesville, GA. The medians are based on 19 of the for-sale and 10 of the for-lease listings, those that state a price or rent per square foot. These are ASKING figures from live listings, not closed-transaction prices, and a figure resting on fewer than 10 listings says so where it is quoted.
- Vacancy rates
- Published per-sector market series, taken at the metro level where one exists and otherwise at the Census-region level — a chart reading "in <region> region" is a regional number, not this city's.
- Zoning and land use
- The current municipal zoning release: 22,834 zoned acres across 26 districts. Shares are of zoned land, so parcels the release leaves unclassified are excluded from the mix.
- Refresh
- The monthly aggregates close at the end of the previous month, so 31 October 2026 — not today — is the honest last update.
- Known limitations
- office vacancy is reported at South region level, retail vacancy is reported at South region level and industrial vacancy is reported at South region level.
- Coverage
- Metrics below the 10-observation threshold fall back one geographic level. The geography used is named on each figure.
Compiled by the Realmo Data team · reviewed 31 October 2026 · How Realmo checks market page data · Report a data issue
