2024 Office Space Rent & Sales
- $25.07 2024 Avg. Asking Rent
- 10.34% 2024 Office Vacancy Rate
Pensacola office price per square foot in 2024 was $25.07 on average. The local office market recorded an average vacancy rate of 10.34% across all asset classes combined.
See how this market compares to the national average: U.S. office space rent & sales.
Average Rent by Office Class
2024 Average Office Rent per Square Foot
- Florida Class A & A+ Office Space$40.20
- Florida Class B Office Space$27.71
- Florida Class C Office Space$22.62
Pensacola, FL Office Asking Rents by Class
2024 Office Vacancy Rates in Pensacola
| Submarket | Asking Rents | Vacancy Rates |
|---|---|---|
| Pensacola Center | $28.72 | 10.46% |
| Pensacola North | $19.47 | 16.50% |
| Pensacola Northeast | $17.38 | 8.37% |
Office Spaces for Rent in Florida
- Tampa Office Space
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- Lakeland Office Space
- Town 'n' Country Office Space
- Clearwater Office Space
- Clermont Office Space
- Greater Carrollwood Office Space
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Coworking Spaces in Florida
- Houston Coworking Space
- Atlanta Coworking Space
- Dallas Coworking Space
- Miami Coworking Space
- Austin Coworking Space
- Nashville Coworking Space
- Charlotte Coworking Space
- Jacksonville Coworking Space
- Tampa Coworking Space
- Raleigh Coworking Space
- Orlando Coworking Space
- Boca Raton Coworking Space
- Birmingham Coworking Space
- Fort Lauderdale Coworking Space
- New Orleans Coworking Space
- Durham Coworking Space
- West Palm Beach Coworking Space
- Alpharetta Coworking Space
- Memphis Coworking Space
- Miami Beach Coworking Space
- Chattanooga Coworking Space
2024 Office Construction in Pensacola, FL
| Office building | Address | SF | Completed |
|---|---|---|---|
| Office Building For Sale | 2050 West Blount Street, 32501 | 7,680 | 2012 |
| 3101 E Cervantes St | 3101 E Cervantes St, 32503 | 6,245 | 2006 |
| Summit Office Suites | 3298 Summit Blvd, Building 22, 32504 | 6,042 | 2002 |
| Quietwater Bldg 2, Suite 1 | 1101 Gulf Breeze Hwy, 32561 | 1,500 | 2002 |
| Cordova Center | 2065 Airport Blvd, 32504 | 10,773 | 2000 |
| 1,680 SF Medical Office - 3936 N Davis Hwy | 3936 N Davis Hwy, 32503 | 7,256 | 2000 |
| Office/ Warehouse for Lease Unit 105 | 698 E Heinberg Street, 32502 | 12,800 | 1993 |
| 3298 Summit Blvd | 3298 Summit Blvd, 32504 | 2,420 | 1992 |
| Gulf Coast Medical Arts Complex | 4501 North Davis Hwy, 32503 | 66,364 | 1990 |
| 2810 E. Cervantes Street | 2810 E Cervantes St, 32503 | 4,020 | 1987 |
Worth noting among recent office completions on the Pensacola market is Office Building For Sale, which is currently the largest new office development in the city, at 7,680 square feet.
See reports for other markets
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This market stats report is based on analysis of city-level data that includes office properties equal to or larger than 25,000 square feet in size. Averages were calculated based on values dated January 1st 2024 through December 31st 2024. Construction pipeline data represented herein is valid as of February 2025. The information on this page was compiled using data provided by CommercialEdge, a market intelligence solution which offers comprehensive real market knowledge on all Pensacola commercial properties sized 25,000 square feet or larger.
While every effort was made to ensure the accuracy of the data presented in this report, the information is provided “as is” and neither CommercialCafe nor CommercialEdge can guarantee that the information provided is complete.