On average, listings lease in the $10's per square foot per year. The Panama City submarket is going through a decline in rates. In the last 3 months, the median rate decreased $3 per sqft per year. That's a 15% decrease in rent.
In the last 90 days, 17 listings have been made available, which means listings might be leasing quickly. You'll want to be prepared to tour spaces as quick as possible. 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 2,980 sqft, there are still 0 leases below 2,000 sqft. Most properties in this area are around 1 floors. Most buildings in this market were built in 1979 and are Class A.