On average, listings lease in the $10's per square foot per year. The North Central Pensacola region is experiencing a decrease in rates. In the last 3 months, the median rate fell $15 per sqft per year. That's a 46% decrease in rent.
In the last 90 days, 15 listings have been posted online, which means leases might be leasing quickly. You'll want to be prepared to make an offer immediately. About 187% of the listings 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 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 properties in this region are close to 1 stories. Most buildings in this market 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 region. Commute by walking is the most popular way to get to work amongst North Central Pensacola occupants. Commuting between 30 and 45 minutes a day is the norm for those who opt to reside in this part of town.