Most listings are in the $20's per square foot per year. The Downtown Pensacola region is going through a decrease in rates. In the last 3 months, the median rate fell $3 per sqft per year. That's a 13% decrease in rent.
In the last 90 days, 23 listings have been made available, which means office spaces most likley are going fast. You'll want to be prepared to tour spaces as quick as possible. About 4% of the office spaces in the Downtown Pensacola are subleases, so you will probably have to focus your search on direct office leases. There aren't many listings below 2,000 square feet available, so finding a space for a small business might be tough.
Even though the median size is 2,950 sqft, there are still 0 new listings below 2,000 sqft. Most buildings in this region are approximately 2 stories. Most buildings in this market were built in 1950 and are Class A.
A large portion of this market 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.