The typical asking rate per listing is in the $10's per square foot per year. The Panama City region is experiencing a an increase in rates. In the last 3 months, the median rate increased $13 per sqft per year.
In the last 90 days, 23 listings have been made available, which means new listings are probably leasing quickly. You'll want to be prepared to make an offer immediately. About 57% of the listings in the Panama City are subleases, so you might be able to snag a great spot on a short term. There aren't many listings below 2,000 square feet available, so finding a space for a small business might be tough.
Even though the median size is 7,420 sqft, there are still 0 new availabilities below 2,000 sqft. Most buildings in this market are around 1 floors. Most buildings in this area were built in 1979 and are Class C.