The typical asking rate per listing is in the $30's per square foot per year. The Downtown Pensacola submarket is seeing a a boost in rates. In the last 3 months, the median rate increased $9 per sqft per year. That's a 37% rise in rent.
In the last 90 days, 32 listings have been listed, which means spaces most likley are going fast. You'll want to be prepared to make an offer immediately. 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 2,000 sqft. Most buildings in this market are approximately 2 stories. Most buildings in this region were built in 1957 and are Class A.
A large portion of this region is residential, but there's plenty of office_space. Construction is the dominant industry in this market. Commute by car is the most popular way to get to work amongst Downtown Pensacola residents. Commuting between 20 and 25 minutes a day is the norm for those who opt to reside in this part of town.