On average, listings lease in the $10's per square foot per year. The Panama City region is seeing a a rise in rates. In the last 3 months, the median rate went up $13 per sqft per year.
In the last 90 days, 23 listings have been made available, which means new listings most likley are going fast. You'll want to be prepared to tour spaces as quick as possible. About 61% of the available space in the Panama City are subleases, so you might be able to sign a shorter term by taking over a previous lease. There aren't many listings below 2,000 square feet posted, so finding a space for a small business might be tough.
Even though the median size is 7,420 sqft, there are still 0 office spaces below 2,000 sqft. Most buildings in this market are around 1 floors. Most buildings in this market were built in 1979 and are Class C.