Panama City has 5 distinct Class A submarkets we track, anchored by Banking District (Calle 50) at the trophy tier.
Panama City has 5 distinct Class A submarkets we track, anchored by Banking District (Calle 50) at the trophy tier.
**Banking District (Calle 50)** (trophy, ~$312/sqm/yr · ≈ $29 PSF/yr USD) — Heritage international banking trophy. **Costa del Este** (trophy, ~$288/sqm/yr · ≈ $26.8 PSF/yr USD) — Master-planned post-2010 trophy district. **Punta Pacifica** (trophy, ~$312/sqm/yr · ≈ $29 PSF/yr USD) — Premium waterfront mixed-use trophy. **Obarrio / Marbella** (prime, ~$264/sqm/yr · ≈ $24.5 PSF/yr USD) — Heritage commercial spine. **Panama Pacífico** (established, ~$240/sqm/yr · ≈ $22.3 PSF/yr USD) — Master-planned Pacific-side SEZ.
| 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% |
| trophyCount | 3 |
| primeCount | 1 |
Reviewed by Class A Atlas Editorial Desk — House byline · global editorial team. Last updated 2026-04-15. See our methodology and editorial standards.