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Pensacola, Florida

Metropolitan Area Economic Overview
Calculations for all indices were provided by SRC, LLC

Market Research provided by NAI Halford
Last Updated: 12-Jan-2009		 Market Overview
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Market Research

* Click on each category for a detailed definition.
(Rent/square foot/year) Low High Effective Avg. Vacancy Investment Yield
Downtown Office
New Construction (AAA) $ 18.00 $ 23.00 $ 20.00 8.0% N/A
Class A (Prime) $ 15.00 $ 17.00 $ 16.00 15.0% N/A
Class B (Secondary) $ 12.00 $ 15.00 $ 13.00 10.0% N/A
 
Suburban Office
New Construction (AAA) $ 17.00 $ 19.00 $ 16.50 20.0% N/A
Class A (Prime) $ 13.00 $ 16.00 $ 14.00 10.0% N/A
Class B (Secondary) $ 10.00 $ 12.00 $ 11.00 10.0% N/A
 
Industrial
Bulk Warehouse $ 4.00 $ 6.50 N/A 3.0% N/A
Manufacturing $ 6.00 $ 10.00 N/A 3.0% N/A
High Tech / R&D $ 8.00 $ 10.00 N/A N/A N/A
 
Retail
Downtown $ 15.50 $ 16.50 N/A 15.0% N/A
Neigborhood Service Centers $ 15.00 $ 18.00 N/A 10.0% N/A
Community Power Center $ 4.50 $ 7.50 N/A 5.0% N/A
Regional Malls $ 30.00 $ 35.00 N/A N/A N/A

Development Land Low (Price/Acre) High (Price/Acre)
Office in CBD $ 50,000 $ 100,000
Land in Office Parks $ 50,000 $ 100,000
Land in Industrial Parks $ 25,000 $ 100,000
Office/Industrial Land - Non-park $ 20,000 $ 25,000
Retail/Commercial Land $ 435,600 $ 950,000
Residential $ 25,000 $ 150,000

 

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