Overview:
Throughout last quarter, Gainesville faced tremendous 12-month sales volume growth at 256% with 33 total sales for a total sales volume of $94.1 million. However, this quarter faced a sales volume decrease from $347 million to $94.1 million compared with 2022 Q1.

Overall, while Gainesville seems to be having less transactions overall, these transactions tend to be of higher value.

Office:
Compared with last quarter, office average transaction price per square foot decreased by $29 from $131 to $102. There was a total of 10 sales completed for a total sales volume of $10.2 million with a market cap rate of 8.3%.

Multifamily:
With four sales for a total sales volume of $58.6 million, multifamily fared pretty well during Q2. There was nearly a $2,000 increase with the Market Sale Price per unit from $131,922 last quarter to $133,931. Quarter 2 2021 saw a total market sales price per unit of $104,934, demonstrating an annual increase of nearly 30 thousand dollars per unit. However, there was a decrease in the total number of sales, from 10 to 4 from Q2 to Q3, respectively.

Retail:
With a total sales volume of $13.5 million across 12 sales, retail saw an overall decrease from Q2 which had $14 million across 21 sales. Retail is following the rest of Gainesville with increased value across fewer sales. Overall, there was 58k in square feet sold at $192 market sales price per SF, an increase from last quarter with $189 market sales price per SF.

Industrial:
This quarter, industrial faced a significant decrease of just over $40 million in total sales volume compared with last quarter ($53.6 million to $11.7 million). It is important to note that there was also a decrease in sales from 12 to 7, indicating that last quarter was an anomaly with high volume sales. Especially given that all but 1 of the past 22 quarters was under $30 million for sales volume. Additionally, from quarter 1 to quarter 2, there was an increase in the market sale price per square foot from $96 to $101.