Most listings are in the $10'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 $3 per sqft per year. That's a 15% decline in rent.
In the last 90 days, 8 listings have been made available, which means new listings 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 available, so finding a space for a small business might be tough.
The standard measurement for office space in this area is around 1,500 sqft. Most buildings in this market are close to 2 stories. Most buildings in this area were built in 1982 and are Class A.