Quick reference: Panama City Class A rent is $264/sqm/yr · ≈ $24.5 PSF/yr USD ($25 USD), typical term 5 years, 10 months free.
Class A rent: $264/sqm/yr · ≈ $24.5 PSF/yr 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/sqm/yr · ≈ $24.5 PSF/yr USD ($25 USD), typical term 5 years, 10 months free.
TL;DR
Class A rent: $264/sqm/yr · ≈ $24.5 PSF/yr 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/sqm/yr · ≈ $24.5 PSF/yr USD
classARentUsd
$25/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.