Most listings are in the $0's per square foot per year. The Panama City submarket is experiencing a decrease in rates. In the last 3 months, the median rate fell $19 per sqft per year. That's a 100% decline in rent.
In the last 90 days, 23 listings have been listed, which means office spaces might be going fast. You'll want to be prepared to tour spaces as quick as possible. 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 3,370 sqft, there are still 0 leases below 2,000 sqft. Most buildings in this market are approximately 1 floors. Most buildings in this area were built in 1979 and are Class A.