Northwest Pensacola Industrial

Northwest Pensacola

Office Space Market Report

Number of Listings (last 90 days)
9
Median Rate ($/sqft/yr)
$18
Median Size (sqft)
1,790
As of: July 23, 2017

Northwest Pensacola Rates

On average, listings lease in the $10's per square foot per year. The Northwest Pensacola submarket is experiencing a decline in rates. In the last 3 months, the median rate decreased $1 per sqft per year. That's a 3% decline in rent.

Northwest Pensacola Listing Supply

In the last 90 days, 9 listings have been posted online, which means new availabilities most likley are leasing quickly. You'll want to be prepared to make an offer immediately. About 111% of the available leases in the Northwest Pensacola are subleases, so you might be able to sign a shorter term by taking over a previous lease. There aren't many listings below 2,000 square feet available, so finding a space for a small business might be tough.

The standard measurement for office space in this area is around 1,790 sqft. Most properties in this market are close to 1 floors. Most buildings in this market were built in 1976 and are Class B.

Northwest Pensacola Community

Not much of the real estate is used for commercial space, so it might be hard to find office space. Public administration is the dominant industry in this region. Commute by taxi is the most popular way to get to work amongst Northwest Pensacola residents. Commuting around an hour a day is the norm for those who opt to reside in this part of town.

Market Report

Trends and status of the commercial real estate market in Northwest Pensacola.
Market Report

Market Data

Real time and historical data on commercial real estate listings in Northwest Pensacola.
Research

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