Highlights
- The average rent for office space in Pensacola is $22.80 per square foot, 9.05% lower compared to the previous year.
- The market’s vacancy rate stands at 5.42%, lower than the state average of Florida, which is 15.13%.
2025 Office Space Rent & Sales
- $22.80 2025 Avg. Asking Rent
- -9.05% Y-o-Y Avg. Asking Rent Change
- 5.42% 2025 Office Vacancy Rate
What is the average asking rent price for office space in Pensacola?
Average asking rents for office space here stand at $22.80 per square foot. The local office market recorded an average vacancy rate of 5.42% in 2025, unchanged from 5.42% in 2024.
Pensacola, FL Office Asking Rents by Class
What is the average office rent per square foot by property class in FL?
- Avg. Asking Rent Class A & A+$45.91
- Avg. Asking Rent Class B$27.03
- Avg. Asking Rent Class C$19.30
For comparison, the average rent for Class A and A+ office space in Florida was $45.91 per square foot. The state-wide average for Class B space was $27.03 per square foot, and Class C office spaces averaged $19.30 per square foot.
Pensacola, FL Office Indicators by Submarket
| Submarket | Asking Rents | Vacancy Rates |
|---|---|---|
| Pensacola Center | $24.78 | 4.42% |
| Pensacola North | $21.79 | 5.65% |
| Pensacola Northeast | $20.53 | 5.21% |
Office Construction in Pensacola, FL
What are the largest recent office completions in Pensacola?
The largest recent office completion here is HARBOURVIEW ON THE BAY 25 W CEDAR ST at 69,473 square feet, completed in 1986. The next largest completions are Corporate Woods - 2114 Airport Blvd and Icehouse.
| Office building | Address | SF | Completed |
|---|---|---|---|
| 801 W Romana St | 801 W Romana St, 32502 | 8,140 | 2007 |
| Freestanding 8,461 SF Office Building | 2.06 Acres | 5061 N 12th Ave, 32504 | 8,461 | 2003 |
| Summit Office Suites | 3298 Summit Blvd, Building 22, 32504 | 6,042 | 2002 |
| Cordova Center | 2065 Airport Blvd, 32504 | 10,773 | 2000 |
| Purple Parrot Tiki Bar & Grill | 13555 Perdido Key Dr, 32507 | 1,548 | 2000 |
| Icehouse | 815 South Palafox St., 32505 | 18,994 | 1999 |
| Office/ Warehouse for Lease Unit 108 | 698 E Heinberg Street, 32502 | 12,800 | 1993 |
| 4301 Spanish Trail | 4301 Spanish Trl, 32504 | 3,424 | 1988 |
| Corporate Woods - 2114 Airport Blvd | 2114 Airport Blvd, 32504 | 45,230 | 1987 |
| HARBOURVIEW ON THE BAY 25 W CEDAR ST | 25 West Cedar Street, 32502 | 69,473 | 1986 |
See reports for other markets
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Disclaimer
All information on this page is based on city-level data that includes properties equal to or larger than 25,000 square feet.
Averages were calculated based on values dated between January 1st and December 31st 2025. Construction pipeline data represented herein is valid as of January 2026.
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 Yardi Research Data can guarantee that the information provided is complete.