Commercial Real Estate Market in Pensacola, FL
Updated monthly: sale, lease, property records, location trend, and more… · Last update: August 31
1,024 active listings and 9,910 off-market properties in Pensacola, FL. Commercial property asks $13/SF to buy and $34.05/SF/Yr to lease.
Market Trends
Pensacola, FL spans 197.9 square miles in Escambia County, Florida. Figures below refresh monthly; last updated 31 August 2026.
Office
Office vacancy in Pensacola, FL runs 20.2% across the South region in 2025, up from 14.4% in 2019.
Vacancy Rate % in South region
Retail
Retail vacancy in Pensacola, FL runs 5.4% across the South region in 2025, down from 7% in 2020.
Vacancy Rate % in South region
Industrial
Industrial vacancy in Pensacola, FL runs 7.9% across the South region in 2025, up from 6% in 2019. Nearly 2.3x the 2022 low of 3.5%.
Vacancy Rate % in South region
Multifamily
Multifamily space in Pensacola, FL asks $191/SF to buy. Vacancy runs 11.3% across the South region in 2025, up from 8.5% in 2022.
Average Sale Price $/SF
Listings
Vacancy Rate % in South region
Zoning & Land Use
Land Use Mix share of zoned land by category
- Residential 55.8%
- Industrial 18.3%
- Mixed use 15.4%
- Commercial 6.4%
- Open space 2.1%
- Planned_development 0.3%
- Special 0.1%
Largest Zones share of zoned land by district
Single Family
One And Two Family
Airport Restricted Zone District
Single Family
Retail Commercial
Pensacola, FL zones 14,627 acres across 44 districts. Commercial zoning covers 6.4% of zoned land, residential 55.8%, open space 2.1% and industrial 18.3%. The largest single district is Single Family at 23.9%. For commercial buyers the practical constraint is that only 24.7% of land carries a commercial or industrial designation.
Single Family (R-1AAA)
The low-density residential land use district is established for the purpose of providing and preserving areas of single-family, low intensity development at a maximum density of 4.8 dwelling units per acre in areas deemed suitable because of compatibility with existing development or the environmental character of the areas. The nature of the use of propert…
Market overview
Demographics & Economy
Pensacola, FL has 273,995 residents in 126,726 households. Density runs 1,385 people per square mile. Median household income here is $63,336 and median gross rent $1,258 a month.
273,995
Population
126,726
Households
2.2
Avg Household Size
39
Median Age
29%
College-Educated
90%
High-School Grad
197.9 sq mi
ZIP Area
1,385
Density / Sq Mi
$63,336
Median Household Income
$35,631
Median Earnings
$1,258
Median Rent
$226,173
Median Home Value
Tools
Nearby Markets
| Market | Average Sale Price, $/SF | Average Lease Price, $/SF/Yr |
|---|---|---|
| Brent | — | — |
| Bellview | — | — |
| Gulf Breeze | — | $19.67 |
| Gonzalez | — | — |
Commercial property in Pensacola, FL asks $13/SF.
Frequently Asked Questions
What is the average price per square foot for commercial property in Pensacola?
Commercial property in Pensacola, FL asks an average of $13 per square foot. The 7 most recent recorded sales traded at a median of $285/SF. Multifamily carries the highest asking price at $191/SF.
How much does it cost to lease commercial space in Pensacola?
Asking lease rates in Pensacola, FL average $34.05 per square foot per year.
What zoning applies to commercial property in Pensacola?
Pensacola, FL zones 14,627 acres across 44 districts, of which 6.4% is commercial and 18.3% industrial. The largest single district is Single Family at 23.9% of zoned land. The low-density residential land use district is established for the purpose of providing and preserving areas of single-family, low intensity development at a maximum density of 4.8 dwelling units per acre in areas deemed suitable because of compatibility with existing development or the environmental character of the areas. The nature of the use of propert… Residential zoning covers 55.8% and open space 2.1%.
Where does Realmo's Pensacola market data come from?
Realmo compiles Pensacola, FL figures from 7 recent recorded sales, 867 active sale listings, 157 active lease listings, 9,910 tracked off-market properties, the current Pensacola zoning release. Sale and lease figures refresh monthly; vacancy annually. Last updated 31 August 2026.
Methodology & data sources
- Asking prices and averages
- Computed from 867 active for-sale and 157 active for-lease listings in Pensacola, FL. These are ASKING figures from live listings, not closed-transaction prices, and a segment carried by a handful of listings reads as indicative rather than an average.
- Vacancy rates
- Published per-sector market series, taken at the metro level where one exists and otherwise at the Census-region level — a chart reading "in <region> region" is a regional number, not this city's.
- Zoning and land use
- The current municipal zoning release: 14,627 zoned acres across 44 districts. Shares are of zoned land, so parcels the release leaves unclassified are excluded from the mix.
- Refresh
- The monthly aggregates close at the end of the previous month, so 31 August 2026 — not today — is the honest last update.
- Known limitations
- office vacancy is reported at South region level, retail vacancy is reported at South region level and industrial vacancy is reported at South region level.
- Coverage
- Metrics below the 10-observation threshold fall back one geographic level. The geography used is named on each figure.
Compiled by the Realmo Data team · reviewed 31 August 2026 · report a data issue
