# Panama City office fit-out costs

> Class A fit-out in Panama City ranges from $55–$80/sqft for basic specification to $195–$280/sqft for trophy.

**Canonical URL:** https://classa.info/cities/panama-city/fit-out-costs
**Page type:** city-topic
**Last updated:** 2026-04-15T00:00:00.000Z
**License:** CC BY 4.0 with attribution to Class A Atlas (https://classa.info).

## TL;DR
- Basic fit-out: $55–$80/sqft.
- Mid spec: $85–$125/sqft.
- High-end: $130–$195/sqft.
- Trophy: $195–$280/sqft.
- Always model fit-out as amortised capex inside total occupancy cost.

## 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%
- **basicFitoutPsf**: $55–$80/sqft
- **midFitoutPsf**: $85–$125/sqft
- **highEndFitoutPsf**: $130–$195/sqft
- **trophyFitoutPsf**: $195–$280/sqft

## FAQ
### What does a Panama City Class A fit-out cost?
From $55–$80/sqft for Basic to $195–$280/sqft for Trophy specification. Mid-spec — the most common — is $85–$125/sqft.

### Are MEP and AV included in those bands?
Yes — bands include MEP, AV/IT cabling, FF&E, and a typical contingency.

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Citation: Source: Class A Atlas (https://classa.info/cities/panama-city/fit-out-costs), updated 2026-04-15T00:00:00.000Z.