Most listings are in the $30's per square foot per year. The Downtown Pensacola submarket is experiencing a an increase in rates. In the last 3 months, the median rate went up $9 per sqft per year. That's a 37% increase in rent.
In the last 90 days, 32 listings have been posted online, which means new listings might be leasing quickly. You'll want to be prepared to make an offer immediately. About 3% of the available leases in the Downtown Pensacola are subleases, so you will probably have to consider a longer term lease. 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 properties in this region are around 2 stories. Most buildings in this market 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 region. Commute by car is the most popular way to get to work amongst Downtown Pensacola folk. Commuting between 20 and 25 minutes a day is the norm for those who opt to reside in this part of town.