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This 14,188 SF office building is located in the eastern edge of downtown Pensacola and within walking distance of Pensacola Bay, numerous restaurants, hotels, and across the street from the Pensacola Civic Center. Great visibility and access on corner of two high-traffic roads. - Parking description: Parking in front and rear of north building available. - Area description: The property is located in the eastern edge of downtown Pensacola and within walking distance of Pensacola Bay, numerous restaurants, hotels, and across the street from the Pensacola Civic Center.
Below is a list of statistics compiled from the Downtown Improvement Board showing the positive economic trends of Downtown Penscola:
27% of downtown businesses have plans for expansion (either adding employees or square footage) during 2012. 53% of downtown businesses own the space where their business is located (one of the highest percentages in the country). 40% of downtown businesses added employees last year. The net number of downtown businesses grew again last year for the seventh straight year. The number of downtown employees grew by 4% last year. Downtown had an 87% occupancy rate of its built environment in 2011. - Number of buildings: 2 - Class of space: Class B - Tenancy: Multiple Tenants
|Mc Call & Associates Inc Archs|
|Granger Properties Real Estate Agency|
|Bayside Realty-Pensacola Inc Real Estate Agency|
|Baptist Home Health Care Health|
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On average, listings lease in the $20's per square foot per year. The Pensacola submarket is seeing a a boost in rates. In the last 3 months, the median rate rose $1 per sqft per year. That's a 3% increase in rent.
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