Commercial Real Estate Market in Gainesville, GA
Updated monthly: sale, lease, property records, location trend, and more… · Last update: August 31
483 active listings and 3,081 off-market properties in Gainesville, GA. Commercial property asks $308/SF to buy and $32.58/SF/Yr to lease.
Market Trends
Gainesville, GA spans 211.3 square miles in Hall County, Georgia. Figures below refresh monthly; last updated 31 August 2026.
Office
Office vacancy in Gainesville, GA runs 20.2% across the South region in 2025, up from 14.4% in 2019.
Vacancy Rate % in South region
Retail
Retail space in Gainesville, GA asks $261/SF to buy. Vacancy runs 5.4% across the South region in 2025, down from 7% in 2020.
Average Sale Price $/SF
Listings
Vacancy Rate % in South region
Industrial
Industrial vacancy in Gainesville, GA runs 7.9% across the South region in 2025, up from 6% in 2019. Nearly 2.3x the 2022 low of 3.5%.
Vacancy Rate % in South region
Multifamily
Multifamily vacancy in Gainesville, GA runs 11.3% across the South region in 2025, up from 8.5% in 2022.
Vacancy Rate % in South region
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
Residential
Residential
Planned Unit Development
Planned Unit Development Conditional
Light Industrial
Residential (R-I-A)
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.
132,970
Population
51,450
Households
2.6
Avg Household Size
37
Median Age
25%
College-Educated
78%
High-School Grad
211.3 sq mi
ZIP Area
629
Density / Sq Mi
$77,415
Median Household Income
$37,790
Median Earnings
$1,236
Median Rent
$294,496
Median Home Value
Tools
Lease vs Buy Breakeven
At $32.58/SF/Yr lease vs $308/SF buy → buying wins if held > 1.3 years.
At a 10.6% 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 | Average Sale Price, $/SF | Average Lease Price, $/SF/Yr |
|---|---|---|
| Westside | — | — |
| Oakwood | — | — |
| Chestnut Mountain | — | — |
| Flowery Branch | — | $9.94 |
Commercial property in Gainesville, GA asks $308/SF.
Frequently Asked Questions
What is the average price per square foot for commercial property in Gainesville?
Commercial property in Gainesville, GA asks an average of $308 per square foot. The 4 most recent recorded sales traded at a median of $177/SF, so asking sits 74% above the achieved median. Retail carries the highest asking price at $261/SF.
How much does it cost to lease commercial space in Gainesville?
Asking lease rates in Gainesville, GA average $32.58 per square foot per year.
Is it cheaper to lease or buy commercial space in Gainesville?
Buying beats leasing in Gainesville, GA if the property is held longer than 1.3 years, comparing $32.58/SF/Yr asking rent with $308/SF asking price. The model assumes 30% down at 6.5% fixed, 2% of value per year in taxes and upkeep, 3% appreciation, 5% opportunity cost on the cash and a 3% annual rent escalator.
Where does Realmo's Gainesville market data come from?
Realmo compiles Gainesville, GA figures from 4 recent recorded sales, 447 active sale listings, 36 active lease listings, 3,081 tracked off-market properties, the current Gainesville zoning release. Sale and lease figures refresh monthly; vacancy annually. Last updated 31 August 2026.
Methodology & data sources
- Asking prices and averages
- Computed from 447 active for-sale and 36 active for-lease listings in Gainesville, GA. These are ASKING figures from live listings, not closed-transaction prices, and a segment carried by a handful of listings reads as indicative rather than an average.
- 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 August 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 August 2026 · report a data issue
