Candler Real Estate

Despite the challenges seen in other office markets across the country, the Gainesville/Hall County office market remains resilient due to continued growth in the community. For ten consecutive quarters, it has posted positive net absorption, with vacancy rates dropping to just 3.4%—down from 4% at the end of 2023 and a peak of 11.9% in 2014, according to CoStar Analytics. This stability is further supported by a strong demand for office space near downtown Gainesville, which has seen a surge in new developments over the last 5 years. Due to continuing demand and tight supply, we are now beginning to see new projects come online. We currently have approximately 63,000 square feet of office under construction in Gainesville, 20,000 square feet of that being medical office, with and additional 36,000 SF of proposed office and/or medical space in the market. Candler RE has completed over 50 office leases and several sales in the last two years with several examples outlined below: 2,553 square feet @ $26.00 per foot Full Service 2,817 square feet @ $25.50 per foot Full Service 5,700 square feet @ $14 per foot Modified Gross 1,345 square feet @ $21.42 per foot Full Service 1,800 square feet @ $24 per foot Modified Gross 34,005 SF sold @ $10.6mm or $312 per square foot The market's fundamentals remain solid with average rents holding steady at around $20.44 per square foot per CoStar, with Class A office rates topping out in the upper $20’s per foot full service, and Class B office rates landing between $15 to $17 per square foot modified gross. New construction rates average between $32 and $34 per foot NNN. As we move forward, there are excellent opportunities for building owners to capitalize on the sustained interest in well-located office properties both from a leasing and sales standpoint, as well as conversion to office for well-located retail or warehouse properties near downtown Gainesville.??The office market in Hall County is poised for growth, supported by strategic developments and a focus on creating dynamic, mixed-use environments. If you are considering leasing, selling, or simply wish to discuss how these trends could impact your assets, please reach out to our team at (770) 988-6383.

Congratulations to everyone involved in the sale of this stunning 4.84-acre tract on Lake Lanier! A huge shoutout to the listing agents Lee Hemmer, Beverly Filson, and Heather Strickland for their hard work in making this transaction a success.

Medical office + suites available for lease! Each suite has its own private restroom, and will have new paint and flooring. This location offers high exposure located on Pearl Nix Parkway.

??Prime Industrial Distribution Facility for Lease in Buford, GA?? Looking for an affordable distribution facility in an unbeatable location? 2600 Buford Highway offers 202,500± SF of prime industrial distribution space designed to meet all your operational needs. Conveniently located off I-985, this property is perfect for businesses seeking exceptional accessibility and functionality at an affordable rate! Key Features: Total SF: 202,500± SF with 3,600± SF of office space (7 private offices, 9 cubicles) Ceiling Heights: 22’ to 28’ Dock Doors: 22 dock-high doors + 1 drive-in door Truck Court: 120’ Parking: 72 spaces Utilities: All utilities available including sewer Transportation: Proximity to Key Routes: I-985 (2.58 miles), I-85 (6.9 miles) Major Hubs: Atlanta (39 miles), Hartsfield-Jackson International Airport (48 miles) Lease Rate: $6.25 PSF (NNN) ?? Contact Brian Hughs, CCIM, for more details: 678-316-4445 | [email protected] | ??www.candler.com

948 +/- sqft of retail space in prime North Hall area has been leased! If you are looking for your next space, we would love to assist you.

Commercial space available in North Hall! Recently renovated with 2,098 +/- sqft & ample parking. Suitable for office or retail, plus owner financing available.

Excellent visibility along Queen City Parkway! 7,500 +/- sqft of industrial space + 1,000 +/- sqft of office space with 3 drive in doors. A great location with lots of opportunity.

Please join us in welcoming Devin Reed to the Candler Development Services family. Devin will be a tremendous asset to the team, immediately adding expertise and experience for project execution and will be a valued partner on your next build.