On average, listings lease in the $10's per square foot per year. The Panama City submarket is experiencing a decline in rates. In the last 3 months, the median rate decreased $6 per sqft per year. That's a 30% decrease in rent.
In the last 90 days, 23 listings have come on the market, which means spaces most likley are leasing quickly. You'll want to be prepared to tour spaces as quick as possible. There aren't many listings below 2,000 square feet on the market, so finding a space for a small business might be tough.
Even though the median size is 3,530 sqft, there are still 0 spaces below 2,000 sqft. Most buildings in this area are close to 1 stories. Most buildings in this region were built in 1979 and are Class C.