For institutional fund strategies, Banking District (Calle 50) carries the strongest investor flag in Panama City, with prime yields around 7.4%.
For institutional fund strategies, Banking District (Calle 50) carries the strongest investor flag in Panama City, with prime yields around 7.4%.
Core capital concentrates in trophy stock with long-WAULT income. In Panama City, that's Banking District (Calle 50) and assets like JW Marriott Panama (Trump Ocean Club), Torre Generali.
Value-add capital looks at secondary Class A and convertible Class B with repositioning angle. The trophy/secondary cap-rate spread has widened post-2022, which has reopened the value-add basis for repositioning plays.
| 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% |
| primeYield | 7.4% |
| trophyAnchor | Banking District (Calle 50) |
Reviewed by Class A Atlas Editorial Desk — House byline · global editorial team. Last updated 2026-04-15. See our methodology and editorial standards.