On average, listings lease in the $10's per square foot per year. The Panama City region is going through a a rise in rates. In the last 3 months, the median rate went up $4 per sqft per year. That's a 32% increase in rent.
In the last 90 days, 109 listings have been listed, so you'll want to check back regularly for new listings. About 11% of the office spaces in the Panama City are subleases, so you might be able to find a shorter term or below market rent. There aren't many listings below 2,000 square feet posted, so finding a space for a small business might be tough.
The standard measurement for office space in this area is around 2,090 sqft. Most buildings in this market are close to 1 floors. Most buildings in this market were built in 1979 and are Class C.
Real time and historical data on commercial real estate listings in Panama City.
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