Panama City Beach, FL
Commercial Real Estate Market Trends & Data

$487 Avg asking sale price
$2,762 Avg asking lease rate
9,414 SF Avg unit lease size
13,230 SF Avg building size for sale
7.86% Average cap rate

Panama City Beach's Demographic Profile

Panama City Beach has 14,707 households and a median income of $67,030, providing context for rent absorption and tenant demand across retail and multifamily assets. A +17% five-year population trend is a key signal for evaluating long-term demand in this market.

Key Demographic Metric Value
Population 32,265
# Households 14,707
Median age 48
Median household income $67,030
Avg household size 2.0
Renter-occupied housing units 5,586
5-year population change +17%

{{marketTabHeadings[activeMarketTab]}} Market Metrics Near Panama City Beach, FL

↻ Updated Monthly

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Nearby Office Markets Avg Cost/SF Typical Size Cap Max
Panama City Beach $385 5,099 SF 10.00%
Rosemary Beach $2,355 17,141 SF 10.00%
Inlet Beach $1,857 2,647 SF 10.00%
Nearby Retail Markets Avg Cost/SF Typical Size
Panama City Beach $446 5,941 SF
Rosemary Beach $1,705 4,126 SF
Inlet Beach $2,642 1,870 SF
Watersound $2,642 528 SF
Nearby Multifamily Markets Avg Cost/SF Typical Size Cap Max
Panama City Beach $259 18,472 SF 21.30%
Panama City $148 38,060 SF 8.14%

Commercial Properties For Sale in Panama City Beach

The listings below reflect how current market pricing and building scale translate into active opportunities available today.
For Sale

Dairy Queen | Absolute NNN

Panama City Beach, FL 32407

  • 2,897 SF Retail Building
  • 5.50% Cap Rate
  • $1,959,000
For Sale

10010 Hutchison Blvd

Panama City Beach, FL 32407

  • 7,582 SF Office Building
  • $925,000
For Sale

Comfort Inn & Suites Panama City Beach

Panama City Beach, FL 32413

  • 47,200 SF Hospitality
  • 8.00% Cap Rate
  • $14,950,000
For Sale

Breakfast Point Commercial

Panama City Beach, FL 32407

  • 1.31 - 1.48 AC Lots
  • 7 Commercial Lots
  • $1,572,000 - $11,412,000
For Sale

Frankford Mini Storage

Panama City, FL 32405

  • 26,924 SF Specialty
  • 6.25% Cap Rate
  • $2,039,000
For Sale

Panama City Self-Storage Portfolio

Panama City, FL

  • $3,390,000

Average Price For Sale

↻ Updated Monthly

Average Price For Lease

↻ Updated Monthly

Number of Listings

↻ Updated Monthly

Cap Rate

↻ Updated Monthly

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Nearby Commercial Markets

Comparing nearby markets helps investors see whether Panama City Beach pricing and building scale sit above, below, or in line with surrounding areas.

Commercial Markets Avg Cost/SF Average Size
Panama City Beach $487 13,230 SF
Rosemary Beach $1,521 14,527 SF
Inlet Beach $2,411 3,480 SF
Watersound $3,721 528 SF

Multifamily Properties For Sale in Panama City Beach

For Sale

9961 E County Highway 30A

Seacrest, FL 32413

  • 75,830 SF Multifamily
  • Price Upon Request

Regional Demographic Comparison

This comparison places Panama City Beach alongside nearby cities to show how population size, household counts, and income levels differ across the region. Viewing these markets side by side helps investors understand whether local demand and income characteristics are concentrated in Panama City Beach or distributed across surrounding areas.

City Population # Households Age Median Household Income Avg Household Size Renter Occupied Housing Units Five Yr Pop Growth %
Panama City Beach 32,265 14,707 48 $67,030 2 5,586 17%
Rosemary Beach 438 196 56 $105,921 2 36 38%
Inlet Beach 496 222 56 $105,113 2 41 38%

Disclaimer: The figures on this page reflect LoopNet's active commercial listings in Panama City Beach, FL and update as inventory changes. Averages can shift between periods or vary across property types depending on the mix of listings available at a given time, so individual metrics may not reflect broader market trends. These figures are best used as directional benchmarks for early market evaluation. For comprehensive commercial real estate data and analytics, subscribe to CoStar.

FAQs About Commercial Investing in Panama City Beach

View All Commercial Real Estate For Sale in Panama City Beach
Is Panama City Beach a good market for a first-time commercial real estate investor?

Panama City Beach offers commercial properties across a wide range of sizes and price points. By reviewing the market data and benchmarks on this page, first-time investors can better understand what a typical commercial property looks like before committing capital and narrowing in on specific listings.

How can this market data help me decide whether to buy commercial property for my business in Panama City Beach?

The pricing and size metrics on this page help business owners compare the cost of ownership against leasing in Panama City Beach. Typical building sizes and asking prices provide a starting point for evaluating space needs, budget fit, and long term occupancy costs before engaging lenders or brokers.

What should conservative investors focus on when evaluating commercial properties in Panama City Beach?

Conservative investors often prioritize manageable deal sizes, stable pricing ranges, and cap rate benchmarks shown for Panama City Beach. These metrics help assess whether current market conditions support steady income potential without relying on aggressive assumptions.

How does Panama City Beach compare to nearby commercial real estate markets?

Nearby market comparisons highlight differences in pricing, building scale, and cap rate ranges relative to Panama City Beach. Reviewing these side by side helps experienced investors identify relative value, pricing premiums, or alternative markets that may better align with return targets.

How can this page support early-stage deal screening for Panama City Beach acquisitions?

This page provides high-level benchmarks for pricing, deal size, and observed cap rates in Panama City Beach, which are useful for initial market filtering. Institutional and data-driven investors often use these signals to prioritize listings that meet size, pricing, and return thresholds before deeper underwriting.

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