Banking District (Calle 50) is a trophy-tier Panama City submarket with average asking rent around $312/sqm/yr · ≈ $29 PSF/yr USD.

  • Average asking rent: $312/sqm/yr · ≈ $29 PSF/yr USD.
  • Tier: trophy.
  • Citywide Class A rent context: $264/sqm/yr · ≈ $24.5 PSF/yr USD ($25 USD).
  • Citywide vacancy: 26.4% — submarket-level availability is typically tighter at trophy tier.

Banking District (Calle 50), Panama City office rents and availability

Banking District (Calle 50) is a trophy-tier Panama City submarket with average asking rent around $312/sqm/yr · ≈ $29 PSF/yr USD.

TL;DR

  • Average asking rent: $312/sqm/yr · ≈ $29 PSF/yr USD.
  • Tier: trophy.
  • Citywide Class A rent context: $264/sqm/yr · ≈ $24.5 PSF/yr USD ($25 USD).
  • Citywide vacancy: 26.4% — submarket-level availability is typically tighter at trophy tier.

Where rent sits

Banking District (Calle 50) averages around $312/sqm/yr · ≈ $29 PSF/yr USD for Class A, against a citywide Class A index of 264. As a trophy submarket, rent runs above the city average and availability is structurally tight.

Availability dynamics

Heritage international banking trophy. International banking, asset management, law firms, professional services.

Key facts

cityPanama City
submarketBanking District (Calle 50)
tiertrophy
averageRentLocal$312/sqm/yr · ≈ $29 PSF/yr USD
cityClassARentUsd$25/sqft/yr
cityVacancyPct26.4%

Frequently asked questions

What is the average Class A rent in Banking District (Calle 50), Panama City?
Around $312/sqm/yr · ≈ $29 PSF/yr USD. The citywide Class A index sits at $264/sqm/yr · ≈ $24.5 PSF/yr USD.

Related

Editorial provenance

Reviewed by Class A Atlas Editorial Desk — House byline · global editorial team. Last updated 2026-04-15. See our methodology and editorial standards.

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