Quick reference: Panama City Class A rent is 264 USD/sqft ($264 USD), typical term 5 years, 10 months free.
Class A rent: 264 USD/sqft/yr ($264 USD).
Typical term: 5 years.
Typical rent-free: 10 months.
Vacancy: 26.4%.
Panama City Class A office: frequently asked questions
Quick reference: Panama City Class A rent is 264 USD/sqft ($264 USD), typical term 5 years, 10 months free.
TL;DR
Class A rent: 264 USD/sqft/yr ($264 USD).
Typical term: 5 years.
Typical rent-free: 10 months.
Vacancy: 26.4%.
Quick reference
Use this page as the fast-answer reference for Panama City. Deep coverage lives on the city page, the topic pages, and the comparison views.
Key facts
city
Panama City
country
Panama
region
Americas
classARentLocal
264 USD/sqft/yr
classARentUsd
$264/sqft/yr
vacancy
26.4%
typicalLeaseYears
5
typicalRentFreeMonths
10
submarkets
5
primeYieldPct
7.4%
Frequently asked questions
What is the impact of USD legal tender?
Material. Panama uses the USD as legal tender — eliminating FX risk and anchoring deep international banking and offshore service tenancy. The Banking District is the deepest USD-denominated Class A cluster in Latin America.
What is the SEM regime?
Sede de Empresa Multinacional — Panama's multinational HQ regime — provides corporate tax, VAT, and labor incentives for qualifying multinational regional HQs. Anchors a deep MNC regional HQ tenancy.
How does Costa del Este compare to the Banking District?
Costa del Este anchors the post-2010 trophy frontier with newer mixed-use Class A; the Banking District anchors the heritage and post-2000 banking trophy tier. Both share institutional tenancy.