Panama City, FL Commercial Real Estate for Lease and Sale

Explore 60 listings of Panama City commercial real estate to find the best space for your business.

Approved Development Order & Steel Building | 1.12 +/- Acres | W 23rd Ct.

4023 W 24th St, Pretty Bayou, Panama City, FL
Property

VacantLand
Availability

1 Space

10,000 SF
For Lease

$16.00 - $20.00/SF/YR
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Town Centre Office Park @ 5th & Grace

101 W 5th Street, Downtown Panama City, Panama City, FL
Property

Office

19,500 SF
Availability

1 Space

4,500 SF
Year Built

1942
For Lease

$16.91/SF/YR
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Harrison Avenue Storefront Retail/ Office | 2,700 SF | Former Cannabis Dispensary

809 Harrison Avenue, Downtown Panama City, Panama City, FL
Property

Retail

2,700 SF
Availability

1 Space

2,700 SF
For Lease

$15.00/SF/YR
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12.56 ± Acres of Residential Acreage in Bay County, FL

5100 Old Majette Tower Rd, Panama City North, Panama City, FL
Property

VacantLand
For Sale

$90,000
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What type of listing property are you looking for?

Office Coworking Retail Industrial

Office Retail Industrial Land
Cedar's Executive Center

221 East 23rd Street, The Woods, Panama City, FL
Property

Office

8,468 SF
Availability

2 Spaces

4,040 SF
For Lease

$20.00/SF/YR
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533 E 11th St

533 E 11th St, Downtown Panama City, Panama City, FL
Property

Office

24,924 SF
Year Built

2003
For Sale

$2,900,000
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Gilberg's Plaza

2495 Highway 77, The Woods, Panama City, FL
Property

Retail

37,742 SF
Availability

3 Spaces

10,045 SF
For Lease

$18.00 - $25.00/SF/YR
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5,250 +/- SF | Lisenby Industrial Park

3012 Lisenby Ave, Forest Park, Panama City, FL
Property

Industrial

5,250 SF
Availability

1 Space

5,250 SF
For Lease

$12.00/SF/YR
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Badcock Furniture

617 Ohio Ave, Lynn Haven, FL
Property

Retail

11,375 SF
Year Built

1968
For Sale

$1,900,000
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2622 North MacArthur Ave

2622 North Macarthur Avenue, The Woods, Panama City, FL
Property

Industrial

12,500 SF
Availability

1 Space

392,000 SF
Year Built

1998
For Lease

$13,750.00/MO
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The Newberry Building | Individual & Team Office Suites For Lease

470 Harrison Ave., Downtown Panama City, Panama City, FL
Property

Office

3,486 SF
Availability

1 Space

180 SF
For Lease

$1,100.00/MO
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+/- 2.1 Acre Lot For Sale in Panama City, Florida

4620 Hwy 390 E, Panama City North, Panama City, FL
Property

VacantLand
For Sale

Subject To Offer
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Publix-Anchored Retail | SweetBay Town Center

3204 Heartleaf Avenue East , Forest Park, Panama City, FL
Property

Retail

18,000 SF
Availability

8 Spaces

11,584 SF
Year Built

2024
For Lease

$32.00/SF/YR
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Lynn Haven Commons

2211 Highway 77, Lynn Haven, FL
Property

Office

29,498 SF
Availability

4 Spaces

6,940 SF
For Lease

$15.00/SF/YR
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1613 N Cove Blvd

1613 N Cove Blvd, Downtown Panama City, Panama City, FL
Property

Other
For Sale

$169,500
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FL-77 Pad C

2401 FL-77, Lynn Haven, FL
Property

VacantLand
Availability

1 Space

40,510 SF
For Lease

$60,000.00/YR
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700 Aberdeen Loop

700 Aberdeen Loop, Lynn Haven, Panama City, FL
Property

Office

30,030 SF
Availability

1 Space

2,000 SF
Year Built

2020
For Lease

$16.00/SF/YR
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NOW AVAILABLE!! | 1,200 +/- SF Class “A” Professional Office Suite

2555 Huntcliff Lane, Forest Park, Panama City, FL
Property

Office

1,207 SF
Availability

1 Space

1,207 SF
Year Built

1996
For Lease

$26.00/SF/YR
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Bay City Point

FL-77 & E 23rd Street, Monroeville, Panama City, FL
Property

Retail

200,000 SF
Availability

1 Space

2,725 SF
Year Built

2020
For Lease

$30.00/SF/YR
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2420 Jenks Ave

2420 Jenks Avenue , The Woods, Panama City, FL
Property

Office

2,801 SF
Availability

1 Space

2,801 SF
For Lease

$23.50/SF/YR
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Beck Avenue

1500 Beck Ave, St. Andrews, Panama City, FL
Property

Office

2,778 SF
Year Built

1957
For Sale

$495,000
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Class A Medical Office Space Available on Jenks Avenue – Bordering HCA Gulf Coast Medical Center

2103 Jenks Avenue, Monroeville, Panama City, FL
Property

Office

2,578 SF
Availability

1 Space

2,578 SF
For Lease

$25.00/SF/YR
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Move-In Ready Lynn Haven Office Building with Private Offices & Dedicated Parking

816 Ohio Avenue, Lynn Haven, FL
Property

Office

1,000 SF
Availability

1 Space

1,000 SF
For Lease

$2,500.00/MO
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Versatile 3,100 +/- SF Flex Building on 1.15 Acres – Ideal Hwy 390 Frontage Near Major Traffic Routes

3122 Hwy 390 E, Panama City North, Panama City, FL
Property

Industrial

3,060 SF
Availability

1 Space

3,060 SF
Year Built

2001
For Lease

$18.00/SF/YR
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6513 Bay Line Dr

6513 Bay Line Dr, Panama City North, Panama City, FL
Property

Industrial

33,000 SF
Availability

1 Space

33,000 SF
Year Built

1990
For Lease

$10.00/SF/YR
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15,000 +/- SF Warehouse | Grant Avenue

2304 Grant Avenue, Pretty Bayou, Panama City, FL
Property

Industrial

14,840 SF
Availability

1 Space

14,840 SF
Year Built

1960
For Lease

$11.00/SF/YR
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Coronado Village

103 West 23rd Street, Monroeville, Panama City, FL
Property

Retail

7,295 SF
Availability

1 Space

890 SF
For Lease

$15.00/SF/YR
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2830 Hwy 390 East

2830 Hwy 390 East, Lynn Haven, Panama City, FL
Property

Office

7,500 SF
Availability

1 Space

7,500 SF
Year Built

2024
For Lease Contact for pricing
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Office / Warehouse For Sale

1902 WILSON AVE , Monroeville, Panama City, FL
Property

Office

7,632 SF
Year Built

1996
For Sale

$1,650,000
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New Construction Retail/Warehouse on Lynn Haven's Main Street - Suite B Coming Soon!

1519 Ohio Avenue, Lynn Haven, FL
Property

Retail

4,315 SF
Availability

1 Space

1,919 SF
Year Built

2022
For Lease

$24.00/SF/YR
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Frankford Mini-Storage

1717 Frankford Avenue, Meadowbrook, Panama City, FL
Property

Industrial

23,129 SF
For Sale

$1,999,000
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Move-In Ready 4,500 SF Medical Office Building with Abundant Parking– Ideal for Healthcare Providers Near HCA Gulf Coast

2101 Jenks Avenue, Monroeville, Panama City, FL
Property

Office

4,480 SF
Year Built

1984
For Sale

$1,420,000
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8,400 SF Office/Warehouse Convenient to US Hwy 231 - Bay Line Industrial

6541 Bay Line Drive, Panama City North, Panama CIty, FL
Property

Industrial

8,400 SF
For Sale

$850,000
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Safelite AutoGlass For Sale

1415 Frankford Ave, Lake Caroline, Panama City, FL
Property

Retail

7,020 SF
Year Built

2024
For Sale

$4,133,330
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2507 Harrison Ave Suite 200

Harrison Ave, The Woods, Panama City, FL
Property

Office

3,000 SF
For Sale

$825,000
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1600 Jenks Avenue | Suite #5 | North Office Suite

1600 Jenks Avenue, Monroeville, Panama City, FL
Property

Office

12,942 SF
Availability

1 Space

1,532 SF
Year Built

1985
For Lease

$16.00/SF/YR
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Lynn Haven Parkway | Office/ Retail Suite | One Unit Remaining

3430 Highway 77, The Woods, Panama City, FL
Property

Office

4,983 SF
Availability

1 Space

1,102 SF
Year Built

1999
For Lease

$2,500.00/MO
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Approved Development Order & Steel Building | 1.12 +/- Acres | W 23rd Ct.

4023 W 24th St, Pretty Bayou, Panama City, FL
Property

VacantLand
For Sale

$490,000
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Highway 98 Commercial Development Opportunity | 0.94 +/- Acre Corner Lot with Full Access

3915 W Hwy 98 Bus, Drummond, Panama City, FL
Property

VacantLand
For Sale

$550,000
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Bay Medical Center

801 E 6th St, Downtown Panama City, Panama City, FL
Property

Office
Availability

1 Space

1,795 SF
Year Built

1987
For Lease Contact for pricing
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New Construction Flex Office/ Warehouse @ Jenks Crossing

1399 Jenks Ave, Monroeville, Panama City, FL
Property

Industrial

6,750 SF
Availability

2 Spaces

4,500 SF
Year Built

2024
For Lease Contact for pricing
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NorCross Professional Center

2420 Jenks Ave, The Woods, Panama City, FL
Property

Office

22,000 SF
Year Built

1999
For Sale

$4,000,000
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2507 Harrison Ave Suite 200

Harrison Ave, The Woods, Panama City, FL
Property

Office

3,000 SF
Availability

1 Space

3,500 SF
For Lease

$25.00/SF/YR
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416 Jenks Ave

416 Jenks Ave, Downtown Panama City, Panama City, FL
Property

Office

2,700 SF
Availability

1 Space

2,700 SF
Year Built

1952
For Lease

$15.50/SF/YR
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390 and 17th Ice Machine

1706 and 1710 Tennessee Ave, Lynn Haven, FL
Property

VacantLand
For Sale

$130,000
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109 Harrison Avenue
The Hive PCFL
109 Harrison Avenue, Panama City, FL
Services

Virtual Office

Open Workspace

Meeting Room

Private Office

Dedicated Desk
Amenities

Complimentary coffee & tea

Free water

High-speed wifi

Mail services

Professional & social events

Snacks

Workshops
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1304 W 19th St

1304 W 19th St, Monroeville, Panama City, FL
Property

Other
Year Built

1977
For Sale

$1,299,990
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Panama City Centre

4645 Lindsay Crossing, Panama City North, Panama City, FL
Property

Retail

60,287 SF
Availability

2 Spaces

2,800 SF
Year Built

2024
For Lease

$30.00/SF/YR
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501 11th Street West

501 11th Street West, Downtown Panama City, Panama City, FL
Property

Industrial

79,094 SF
Availability

1 Space

49,474 SF
Year Built

1979
For Lease

$8.00/SF/YR
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1220 W 19th St

1220 W 19th St, Monroeville, Panama City, FL
Property

Other
Year Built

1978
For Sale

$1,299,990
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Fenced Lay-Down Yard

7420 Coastal Drive, Panama City North, Panama City, FL
Property

VacantLand
Availability

1 Space

4 Acre
For Lease Contact for pricing
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1600 Jenks Avenue | Medical & Administrative Office Space | Multi-Tenant

1600 Jenks Avenue, Monroeville, Panama City, FL
Property

Office

12,942 SF
Availability

2 Spaces

5,514 SF
Year Built

1985
For Lease

$17.00 - $20.00/SF/YR
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Frequently Asked Questions

Commercial real estate is a broad category that includes a high variety of space types designed to meet the needs of various industries of the local economy and their specialized subsectors, as presented in our real estate 101 guide to types of commercial real estate. However, there are three main categories that you are most likely to come across: office, retail, and industrial space.

Modern office space is typically organized over large floor plates bound by high ceilings and large windows for an abundance of natural light and is located in transit-oriented developments with good access to multiple modes of transportation, so as to facilitate employee commute. The Panama City commercial real estate market incorporates 215,306 square feet of office space across 23 buildings.

Office buildings can also accommodate coworking spaces, which are shared office options that typically cater to the needs of small, startup businesses that require flexible workspaces, a concentration of amenities, and services that can be accessed on an occasional or short-term basis.
Retail space includes shopping malls, department stores, street retail, or specialty stores dedicated to a narrow range of products. Such properties are typically located in high foot-traffic and/or car traffic areas, to facilitate customer access. The Panama City commercial real estate market includes 351,980 square feet of retail space in a variety of settings.
Industrial property most often serves businesses operating in manufacturing or logistics and generally consists of large open spaces located within good access to roads, railways, freight airports or regional water ports. Industrial space listings can include warehouses, manufacturing plants, distribution centers, flexible industrial space, or even data center facilities. Across the Panama City market, there is a total of 182,963 square feet of industrial property.

The listing inventory in Panama City incorporates commercial real estate for lease and for sale of almost all property types and subtypes. However, you’ll find some categories offer more rental or investment opportunities than others.

The largest share of commercial real estate space for lease in Panama City is represented by Industrial space, which accounts for 499,064 square feet of available listings. Office space available in Panama City adds up to 48,889 square feet.

Meanwhile, most of the listings of commercial property for sale in Panama City are in the Office category.

The price of renting or buying commercial real estate is influenced by a variety of factors, including: the property type (for example, office space is priced higher than other property types in most locations); the condition and asset class rating (property rated class A or above will typically command a higher price than lower grade classifications); the quality or the development potential of the property location; whether or not there is high demand for the type of commercial asset in question; and what the state of supply is relative to demand.

The average rent for commercial real estate space listed for lease in Panama City is $19.93 per square foot. However, this value does not offer enough perspective on its own, as you will find significant variation in prices across property types, property classes, and location, as well as other impacting factors. For instance, rent per square foot of office space in Panama City can vary greatly depending on the rating of the property from Class A to Class C, as well as across the city depending on the location of the asset.

Whether you are looking for commercial real estate for lease or commercial property for sale, the best choice of location depends on the factors that are most relevant to your business strategy. A good thing to look for at the start, however, is the areas of the city that have the highest concentration of your preferred type of property, as these areas are generally well connected to the amenities and points of interest that are most relevant to each property type.

As such, there are several areas that you could consider to be the best location for commercial real estate in Panama City, depending on the property type you are interested in. The highest concentration of commercial space listings of any kind in Panama City is in the Forest Park neighborhood. But if we look at each commercial property type, we find that for office space, the best location is the The Woods area.

Meanwhile, retail space opportunities are most abundant in the Forest Park submarket. Alternatively, if you are looking for warehouse or other industrial space, consider looking at listings in Monroeville.

Select your preferred property type from the search filters menu at the top of the search page and then navigate the interactive map for a better view of commercial real estate availability in the locations most suited to your needs.

Regardless of whether buying or leasing commercial space is a new experience for you, there are significant benefits to working with a commercial real estate broker. In addition to saving you time and money, an experienced broker will contribute specialist knowledge of the local market, the property type you need representation for, and will handle negotiations on your behalf in your best interest.

To start, it is important for you to have a good understanding of what kind of broker you need. For instance, there are differences between a tenant broker and a listing broker. Also important at the start is to have a clear idea of what kind of space (or tenant) you are looking for and what (if any) particular needs and requirements you might have. And, while it is good to get a referral, you should interview several brokers to better gauge who you feel would best represent your interests.

CommercialCafe hosts listings from some of the most trusted commercial real estate brokerages in the country. Use the contact form available on each listing page or the contact details for the property representatives to reach out and start your search!

The profitability of a commercial real estate investment depends on a multitude of factors working together. These factors include the quality of the asset itself — which itself includes aspects such as location, property class, amenities, and the quality of the property management — to the local market conditions, the state of the local economy, the demand for that particular type of commercial property, and of course the costs of owning and maintaining it relative to what leasing rate or sale price you get from the property. Asking rents in the city went as high as $30 per square foot. In particular, the property type commanding the highest lease rates in Panama City was Retail space.

Conversely, the highest sale price last year was $4,850,000 that is located at 2505 15th Street West.

The average size of a commercial property in Panama City depends greatly on the property type and the location — geographical possibilities and zoning allowances have significant influence on how big developers can build. While there are outliers that break height or volume records in the city, we can look at some average sizes by property use:

In Panama City, the average size of an office property is 9,787 square feet.
Retail properties here incorporate an average of 35,198 square feet.
Industrial space in Panama City is in buildings that are, on average 22,871 square feet in size.

Panama City, FL Currently Available Listings

Commercial Space for Lease Breakdown

Commercial real estate listings for rent in Panama City currently add up to 805,693 square feet. The market offers 15 active office listing(s), which amount to 47,889 square feet and account for 48% of commercial spaces on the market. Local retail availability includes 33,990 square feet across 7 retail space(s). Industrial space for rent opportunities in Panama City amount to 499,064 square feet across a total of 6 warehouse and other industrial listing(s).

Property Type	Count of Listings	Total SF
Office	15	47,889
Retail	7	33,990
Industrial	6	499,064
Other	3	224,750

Commercial Space for Sale Breakdown

What’s more, if you are interested in making an investment in the local market, you can also find commercial real estate for sale in Panama City, FL. Currently, there is 120,498 square feet of commercial property for sale here , which includes 6 office building(s) for sale , 2 retail investment opportunity listing(s) , and 2 listing(s) of industrial real estate property for sale .

Property Type	Count of Listings	Total SF
Office	6	68,191
Retail	2	18,395
Industrial	2	31,529
Other	10	2,383

Panama City, FL Commercial Real Estate for Lease and Sale

Frequently Asked Questions

What are the different types of commercial real estate?

What types of commercial real estate are available in Panama City, FL?

What factors affect the price of commercial real estate in Panama City, FL?

What is the average rent for commercial space in Panama City, FL?

What are the best areas for commercial real estate in Panama City, FL?

How do I find a good commercial real estate broker?

What is the most profitable commercial real estate?

What is the average size of a commercial property in Panama City, FL?

Panama City, FL Currently Available Listings

Commercial Space for Lease Breakdown

Commercial Space for Sale Breakdown

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