The typical asking rate per listing is in the $20's per square foot per year. The Downtown Pensacola submarket is experiencing a a rise in rates. In the last 3 months, the median rate went up $22 per sqft per year.
In the last 90 days, 32 listings have been listed, which means office spaces are probably leasing quickly. You'll want to be prepared to make an offer immediately. About 38% of the available space in the Downtown Pensacola are subleases, so you might be able to snag a great spot on a short term. 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 2,500 sqft. Most buildings in this region are approximately 2 stories. Most buildings in this region 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 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.