On average, listings lease in the $20's per square foot per year. The Downtown Pensacola submarket is experiencing a a rise in rates. In the last 3 months, the median rate went up $4 per sqft per year. That's a 18% rise in rent.
In the last 90 days, 247 listings have been listed, so you'll want to check back regularly for new listings. About 9% of the listings in the Downtown Pensacola are subleases, so you will probably need to consider the implications of signing a direct lease with the building. There aren't many listings below 2,000 square feet posted, so finding a space for a small business might be tough.
Even though the median size is 3,470 sqft, there are still 0 listings below 2,000 sqft. Most properties in this market are approximately 2 floors. Most buildings in this region were built in 1946 and are Class A.
A large portion of this region is residential, but there's plenty of office_space. Construction is the dominant industry in this market. Commute by car is the most popular way to get to work amongst Downtown Pensacola residents. Commuting between 20 and 25 minutes a day is the norm for those who opt to reside in this part of town.
Real time and historical data on commercial real estate listings in Downtown Pensacola.
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