North Central Pensacola Sublease

North Central Pensacola

Office Space Market Report

Number of Listings (last 90 days)
15
Median Rate ($/sqft/yr)
$16
Median Size (sqft)
2,400
As of: August 19, 2017

North Central Pensacola Rates

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.

North Central Pensacola Listing Supply

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.

North Central Pensacola Community

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.

Market Report

Trends and status of the commercial real estate market in North Central Pensacola.
Market Report

Market Data

Real time and historical data on commercial real estate listings in North Central Pensacola.
Research

Ensley Submarkets