North Central Pensacola Industrial

North Central Pensacola

Office Space Market Report

Number of Listings (last 90 days)
15
Median Rate ($/sqft/yr)
$16
Median Size (sqft)
2,400
As of: August 21, 2017

North Central Pensacola Rates

The typical asking rate per listing is in the $10's per square foot per year. The North Central Pensacola submarket is experiencing a decrease in rates. In the last 3 months, the median rate decreased $16 per sqft per year. That's a 50% decline in rent.

North Central Pensacola Listing Supply

In the last 90 days, 15 listings have been posted online, which means spaces might be going fast. You'll want to be prepared to tour spaces as quick as possible. About 173% of the listings in the North Central Pensacola 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 2,400 sqft. Most buildings in this area are close to 1 floors. Most buildings in this region were built in 1982 and are Class B.

North Central Pensacola Community

Not much of the real estate is used for commercial space, so it might be hard to find office space. Finance and insurance are the dominant industries in this market. Commute by walking is the most popular way to get to work amongst North Central Pensacola occupants. Commuting between 30 and 45 minutes 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 North Central Pensacola.
Market Report

Market Data

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

Ensley Submarkets