On average, listings lease in the $10's per square foot per year. The North Central Pensacola region is experiencing a decline in rates. In the last 3 months, the median rate decreased $16 per sqft per year. That's a 50% decrease in rent.
In the last 90 days, 15 listings have been posted online, which means listings are probably going fast. You'll want to be prepared to make an offer immediately. About 180% of the office spaces in the North Central Pensacola are subleases, so you might be able to find a shorter term or below market rent. There aren't many listings below 2,000 square feet on the market, so finding a space for a small business might be tough.
The standard measurement for office space in this area is around 2,400 sqft. Most properties in this region are around 1 floors. Most buildings in this region were built in 1982 and are Class B.
Not much of the real estate is used for commercial space, so it might be hard to find office space. Finance and insurance are the dominant industries in this area. Commute by walking is the most popular way to get to work amongst North Central Pensacola residents. Commuting between 30 and 45 minutes a day is the norm for those who opt to reside in this part of town.