Most listings are in the $20's per square foot per year. The Downtown Pensacola region is seeing a decline in rates. In the last 3 months, the median rate fell $1 per sqft per year. That's a 5% decline in rent.
In the last 90 days, 15 listings have been posted online, which means spaces might be 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 posted, so finding a space for a small business might be tough.
Even though the median size is 5,070 sqft, there are still 0 new listings below 2,000 sqft. Most buildings in this area are close to 2 floors. Most buildings in this area were built in 1950 and are Class A.
A large portion of this area 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 occupants. Commuting between 20 and 25 minutes a day is the norm for those who opt to reside in this part of town.