Panama City, FL Commercial Real Estate for Lease and Sale

Explore 41 listings of Panama City commercial real estate for lease and for sale to find the best space for your business.

CRE Market FAQs

Retail Land Site | W 23rd Street | 1.07 +/- Acres

TBD W 23rd St, Pretty Bayou, Panama City, FL
Property

VacantLand
For Sale

$850,000
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FL-77 Pad C

2401 FL-77, Lynn Haven, FL
Property

VacantLand
Availability

1 Space

0.93 Acre
For Lease

$60,000.00/YR
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.54 Acre Lynn Haven Mixed Use Development Site

620 Florida Avenue, Lynn Haven, FL
Property

VacantLand
For Sale

$275,000
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+/- 1.67 Acre Lot For Sale in Panama City, Florida

4636 Hwy 390 E, Panama City North, Panama City, FL
Property

VacantLand
For Sale

$900,000
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Highway 390 Office Space

1315 East 14th Street, Lynn Haven, FL
Property

Office

3,000 SF
Availability

1 Space

3,000 SF
For Lease

$18.00/SF/MO
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2420 Jenks Ave

2420 Jenks Avenue , The Woods, Panama City, FL
Property

Office

2,801 SF
Availability

1 Space

2,801 SF
For Lease

$23.50/SF/YR
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Publix-Anchored Retail | SweetBay Town Center

3204 Heartleaf Avenue East , Forest Park, Panama City, FL
Property

Retail

18,000 SF
Availability

8 Spaces

11,584 SF
Year Built

2024
For Lease

$32.00/SF/YR
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Medical and General Office Space

615 N Bonita Ave, Downtown Panama City, Panama City, FL
Property

Other
Availability

1 Space

3,645 SF
For Lease Contact for pricing
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700 W 23rd St - Building B-20 | Office | Corporate Park

700 West 23rd Street, Forest Park, Panama City, FL
Property

Office

1,550 SF
Availability

1 Space

1,550 SF
For Lease

$18.00/SF/YR
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Bay City Point

FL-77 & E 23rd Street, Monroeville, Panama City, FL
Property

Retail

200,000 SF
Availability

1 Space

2,725 SF
Year Built

2020
For Lease

$30.00/SF/YR
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The Newberry Building | Individual & Team Office Suites For Lease

470 Harrison Ave., Downtown Panama City, Panama City, FL
Property

Office

3,486 SF
Availability

1 Space

101 SF
For Lease

$850.00/MO
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23rd St Retail Investment Opportunity: Net Leased by Community Bank

1602 W 23rd St., Meadowbrook, Panama City, FL
Property

Retail

2,781 SF
Year Built

2003
For Sale

$850,000
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Airport Rd & Hwy 390 Development Site @ SweetBay

3716 Airport Road, Forest Park, Panama City, FL
Property

VacantLand
For Sale

$1,400,000
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Coming Soon! 2,020 SF +/- Class A Renovated Office | Historic Home

836 Jenks Avenue, Downtown Panama City, Panama City, FL
Property

Office

2,020 SF
Availability

1 Space

2,020 SF
Year Built

1926
For Lease

$20.00/SF/YR
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2507 Harrison Ave Suite 200

Harrison Ave, The Woods, Panama City, FL
Property

Office

3,000 SF
Availability

1 Space

3,500 SF
For Lease

$25.00/SF/YR
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2355 Transmitter Road

2355 Transmitter Road, Forest Park, Panama City, FL
Property

VacantLand
Availability

1 Space

31,537 SF
For Lease Contact for pricing
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15,000 +/- SF Warehouse | Grant Avenue

2304 Grant Avenue, Pretty Bayou, Panama City, FL
Property

Industrial

14,840 SF
Availability

1 Space

14,840 SF
Year Built

1960
For Lease

$11.00/SF/YR
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Town Centre Office Park @ 5th & Grace

101 W 5th Street, Downtown Panama City, Panama City, FL
Property

Office

19,500 SF
Availability

2 Spaces

5,475 SF
Year Built

1942
For Lease

$16.91 - $22.15/SF/YR
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1600 Jenks Avenue | Suite #5 | North Office Suite

1600 Jenks Avenue, Monroeville, Panama City, FL
Property

Office

12,942 SF
Availability

1 Space

1,532 SF
Year Built

1985
For Lease

$16.00/SF/YR
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New Construction Warehouse

1515 Wood Avenue, Monroeville, Panama City, FL
Property

Industrial

4,500 SF
Availability

1 Space

4,500 SF
Year Built

2023
For Lease

$16.00/SF/YR
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700 Aberdeen Loop

700 Aberdeen Loop, Lynn Haven, Panama City, FL
Property

Office

30,030 SF
Availability

1 Space

2,000 SF
Year Built

2020
For Lease

$18.00/SF/YR
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1613 N Cove Blvd

1613 N Cove Blvd, Downtown Panama City, Panama City, FL
Property

Other
For Sale

$169,500
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2,700 SF Premium Downtown Office Suite @ Town Centre

490 Grace Ave, Downtown Panama City, Panama City, FL
Property

Office

2,707 SF
Availability

1 Space

2,707 SF
For Lease

$25.00/SF/YR
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Bay Medical Center

801 E 6th St, Downtown Panama City, Panama City, FL
Property

Office
Availability

1 Space

1,795 SF
Year Built

1987
For Lease Contact for pricing
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Gilberg's Plaza

2495 Highway 77, The Woods, Panama City, FL
Property

Retail

38,000 SF
Availability

1 Space

6,645 SF
For Lease

$18.00/SF/YR
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Highway 390 Office Space

1315 East 14th Street, Lynn Haven, FL
Property

Office

3,000 SF
For Sale

$600,000
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Frequently Asked Questions

Commercial real estate is a broad category that includes a high variety of space types designed to meet the needs of various industries of the local economy and their specialized subsectors, as presented in our real estate 101 guide to types of commercial real estate. However, there are three main categories that you are most likely to come across: office, retail, and industrial space.

Modern office space is typically organized over large floor plates bound by high ceilings and large windows for an abundance of natural light and is located in transit-oriented developments with good access to multiple modes of transportation, so as to facilitate employee commute. The Panama City commercial real estate market incorporates 131,297 square feet of office space across 19 buildings.

Office buildings can also accommodate coworking spaces, which are shared office options that typically cater to the needs of small, startup businesses that require flexible workspaces, a concentration of amenities, and services that can be accessed on an occasional or short-term basis.
Retail space includes shopping malls, department stores, street retail, or specialty stores dedicated to a narrow range of products. Such properties are typically located in high foot-traffic and/or car traffic areas, to facilitate customer access. The Panama City commercial real estate market includes 315,403 square feet of retail space in a variety of settings.
Industrial property most often serves businesses operating in manufacturing or logistics and generally consists of large open spaces located within good access to roads, railways, freight airports or regional water ports. Industrial space listings can include warehouses, manufacturing plants, distribution centers, flexible industrial space, or even data center facilities. Across the Panama City market, there is a total of 44,490 square feet of industrial property.

The listing inventory in Panama City incorporates commercial real estate for lease and for sale of almost all property types and subtypes. However, you’ll find some categories offer more rental or investment opportunities than others.

The largest share of commercial real estate space for lease in Panama City is represented by Industrial space, which accounts for 42,240 square feet of available listings. Office space available in Panama City adds up to 31,113 square feet.

Meanwhile, most of the listings of commercial property for sale in Panama City are in the Office category.

The price of renting or buying commercial real estate is influenced by a variety of factors, including: the property type (for example, office space is priced higher than other property types in most locations); the condition and asset class rating (property rated class A or above will typically command a higher price than lower grade classifications); the quality or the development potential of the property location; whether or not there is high demand for the type of commercial asset in question; and what the state of supply is relative to demand.

The average rent for commercial real estate space listed for lease in Panama City is $22.57 per square foot. However, this value does not offer enough perspective on its own, as you will find significant variation in prices across property types, property classes, and location, as well as other impacting factors. For instance, rent per square foot of office space in Panama City can vary greatly depending on the rating of the property from Class A to Class C, as well as across the city depending on the location of the asset.

Whether you are looking for commercial real estate for lease or commercial property for sale, the best choice of location depends on the factors that are most relevant to your business strategy. A good thing to look for at the start, however, is the areas of the city that have the highest concentration of your preferred type of property, as these areas are generally well connected to the amenities and points of interest that are most relevant to each property type.

As such, there are several areas that you could consider to be the best location for commercial real estate in Panama City, depending on the property type you are interested in. The highest concentration of commercial space listings of any kind in Panama City is in the Forest Park neighborhood. But if we look at each commercial property type, we find that for office space, the best location is the Downtown Panama City area.

Meanwhile, retail space opportunities are most abundant in the Forest Park submarket. Alternatively, if you are looking for warehouse or other industrial space, consider looking at listings in Monroeville.

Select your preferred property type from the search filters menu at the top of the search page and then navigate the interactive map for a better view of commercial real estate availability in the locations most suited to your needs.

Regardless of whether buying or leasing commercial space is a new experience for you, there are significant benefits to working with a commercial real estate broker. In addition to saving you time and money, an experienced broker will contribute specialist knowledge of the local market, the property type you need representation for, and will handle negotiations on your behalf in your best interest.

To start, it is important for you to have a good understanding of what kind of broker you need. For instance, there are differences between a tenant broker and a listing broker. Also important at the start is to have a clear idea of what kind of space (or tenant) you are looking for and what (if any) particular needs and requirements you might have. And, while it is good to get a referral, you should interview several brokers to better gauge who you feel would best represent your interests.

CommercialCafe hosts listings from some of the most trusted commercial real estate brokerages in the country. Use the contact form available on each listing page or the contact details for the property representatives to reach out and start your search!

The profitability of a commercial real estate investment depends on a multitude of factors working together. These factors include the quality of the asset itself — which itself includes aspects such as location, property class, amenities, and the quality of the property management — to the local market conditions, the state of the local economy, the demand for that particular type of commercial property, and of course the costs of owning and maintaining it relative to what leasing rate or sale price you get from the property. Asking rents in the city went as high as $32 per square foot. In particular, the property type commanding the highest lease rates in Panama City was Retail space.

Conversely, the highest sale price last year was $4,850,000 that is located at 2505 15th Street West.

The average size of a commercial property in Panama City depends greatly on the property type and the location — geographical possibilities and zoning allowances have significant influence on how big developers can build. While there are outliers that break height or volume records in the city, we can look at some average sizes by property use:

In Panama City, the average size of an office property is 7,295 square feet.
Retail properties here incorporate an average of 52,568 square feet.
Industrial space in Panama City is in buildings that are, on average 11,123 square feet in size.

Panama City, FL Currently Available Listings

Commercial Space for Lease Breakdown

Commercial real estate listings for rent in Panama City currently add up to 351,560 square feet. The market offers 13 active office listing(s), which amount to 31,113 square feet and account for 50% of commercial spaces on the market. Local retail availability includes 28,275 square feet across 5 retail space(s). Industrial space for rent opportunities in Panama City amount to 42,240 square feet across a total of 4 warehouse and other industrial listing(s).

Property Type	Count of Listings	Total SF
Office	13	31,113
Retail	5	28,275
Industrial	4	42,240
Other	4	249,932

Commercial Space for Sale Breakdown

What’s more, if you are interested in making an investment in the local market, you can also find commercial real estate for sale in Panama City, FL. Currently, there is 64,849 square feet of commercial property for sale here , which includes 6 office building(s) for sale , 1 retail investment opportunity listing(s) .

Property Type	Count of Listings	Total SF
Office	6	45,629
Retail	1	2,781
Other	11	16,439

Panama City, FL Commercial Real Estate for Lease and Sale

Retail Land Site | W 23rd Street | 1.07 +/- Acres

FL-77 Pad C

.54 Acre Lynn Haven Mixed Use Development Site

+/- 1.67 Acre Lot For Sale in Panama City, Florida

Highway 390 Office Space

2420 Jenks Ave

Publix-Anchored Retail | SweetBay Town Center

Medical and General Office Space

700 W 23rd St - Building B-20 | Office | Corporate Park

Bay City Point

The Newberry Building | Individual & Team Office Suites For Lease

23rd St Retail Investment Opportunity: Net Leased by Community Bank

Airport Rd & Hwy 390 Development Site @ SweetBay

Coming Soon! 2,020 SF +/- Class A Renovated Office | Historic Home

2507 Harrison Ave Suite 200

2355 Transmitter Road

15,000 +/- SF Warehouse | Grant Avenue

Town Centre Office Park @ 5th & Grace

1600 Jenks Avenue | Suite #5 | North Office Suite

New Construction Warehouse

700 Aberdeen Loop

1613 N Cove Blvd

2,700 SF Premium Downtown Office Suite @ Town Centre

Bay Medical Center

Gilberg's Plaza

Highway 390 Office Space

Frequently Asked Questions

Panama City, FL Currently Available Listings

Commercial Space for Lease Breakdown

Commercial Space for Sale Breakdown

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Panama City, FL Commercial Real Estate for Lease and Sale

Frequently Asked Questions

What are the different types of commercial real estate?

What types of commercial real estate are available in Panama City, FL?

What factors affect the price of commercial real estate in Panama City, FL?

What is the average rent for commercial space in Panama City, FL?

What are the best areas for commercial real estate in Panama City, FL?

How do I find a good commercial real estate broker?

What is the most profitable commercial real estate?

What is the average size of a commercial property in Panama City, FL?

Panama City, FL Currently Available Listings

Commercial Space for Lease Breakdown

Commercial Space for Sale Breakdown

Other Popular Searches

Popular Coworking Searches

Popular Office Searches

Popular Retail Searches

Popular Industrial Searches

About us