Panama Pacífico is a established-tier Class A submarket of Panama City with average asking rent around $240/sqm/yr · ≈ $22.3 PSF/yr USD.
Master-planned Pacific-side SEZ. · Tier: established · Avg rent: $240/sqm/yr · ≈ $22.3 PSF/yr USD
Panama Pacífico — the master-planned mixed-use Special Economic Zone on the Pacific side of the Canal (former Howard Air Force Base) — anchors the city's principal logistics, multinational, and SEZ Class A submarket.
Multinationals (3M, Caterpillar, Dell), logistics, SEZ tenants.
15–40,000 sqft floor plates available across newer Class A stock; 9'+ slab-to-slab and modern MEP common.
Bus; planned bridge upgrades.
Multi-modal transit captures the metro's principal professional catchment.
Panama Pacifico International Park, Albrook Mall nearby.
Panama Pacífico is one of 5 Class A submarkets we cover in Panama City, classified as established tier with an average asking rent around $240/sqm/yr · ≈ $22.3 PSF/yr USD. Compared with the broader Panama City Class A stock, Panama Pacífico typically attracts Multinationals (3M, Caterpillar, Dell), logistics, SEZ tenants and competes most directly with the city's other established submarkets on building specification, transit access, and amenitisation.
Adjacent submarkets to study alongside Panama Pacífico: Banking District (Calle 50), Costa del Este, Punta Pacifica, Obarrio / Marbella. The full Panama City submarket atlas is at /cities/panama-city.
For an institutional Class A occupier evaluating Panama Pacífico, the highest-leverage analyses to commission next are the rent benchmark, the concession-package comparable, and the ESG performance baseline. Class A Atlas covers each as a dedicated topic page for this submarket:
Terminology specific to Panama City Class A leasing and to the established tier: Class A, Trophy asset, Effective rent, Concession package, TI allowance, Submarket tier.
Reviewed by Class A Atlas Editorial Desk — House byline · global editorial team. Last updated 2026-04-15. See our methodology and editorial standards.