Commercial Real Estate Market in West Panama City Beach, FL
Updated monthly: sale, lease, property records, location trend, and more… · Last update: October 31
168 active listings and 2,304 off-market properties in West Panama City Beach, FL. Commercial property asks $277/SF to buy and $19.00/SF/Yr to lease.
Market Trends
Figures below refresh monthly; last updated 31 October 2026.
Office
Office space in West Panama City Beach, FL has a median asking sale price of $248/SF (based on 7 listings). Vacancy runs 20.2% across the South region in 2025, up from 14.4% in 2019.
Retail
Retail space in West Panama City Beach, FL has a median asking sale price of $248/SF (based on 5 listings). Vacancy runs 5.4% across the South region in 2025, down from 7% in 2020.
Industrial
Industrial space in West Panama City Beach, FL has a median asking sale price of $220/SF (based on 4 listings). Vacancy runs 7.9% across the South region in 2025, up from 6% in 2019. Nearly 2.3x the 2022 low of 3.5%.
Multifamily
Multifamily space in West Panama City Beach, FL has a median asking sale price of $306/SF. Vacancy runs 11.3% across the South region in 2025, up from 8.5% in 2022.
Market overview
Tools
Lease vs Buy Breakeven
At $19.00/SF/Yr lease vs $277/SF buy → buying wins if held > 3.4 years.
At a 6.9% gross asking yield the payback reads short relative to leasing. Assumes 30% down at 6.5% fixed, 2% a year in taxes and upkeep, 3% appreciation, 5% opportunity cost, 2% closing plus 5% selling costs, and a 3% annual rent escalator.
Nearby Markets
| Market | Median Asking Price, $/SF | Median Asking Rent, $/SF/Yr |
|---|---|---|
| Panama City | $208 | $18.00 |
| Panama City Beach | $277 | $19.00 |
Commercial property in West Panama City Beach, FL asks $277/SF. The 2 bordering markets run from $208/SF in Panama City to $277/SF in Panama City Beach, and the city sits above their $243/SF median.
Frequently Asked Questions
What is the median price per square foot for commercial property in West Panama City Beach?
How much does it cost to lease commercial space in West Panama City Beach?
Is it cheaper to lease or buy commercial space in West Panama City Beach?
How does West Panama City Beach compare to nearby markets on price?
Where does Realmo's West Panama City Beach market data come from?
Methodology & data sources
- Asking prices and medians
- There are 87 active for-sale and 81 active for-lease listings in West Panama City Beach, FL. The medians are based on 55 of the for-sale and 38 of the for-lease listings, those that state a price or rent per square foot. These are ASKING figures from live listings, not closed-transaction prices, and a figure resting on fewer than 10 listings says so where it is quoted.
- 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.
- Refresh
- The monthly aggregates close at the end of the previous month, so 31 October 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 October 2026 · How Realmo checks market page data · Report a data issue
