# Panama City Class A office availability and pipeline

> Panama City Class A vacancy is 26.4% with the market trending softening — pipeline visibility matters more than headline vacancy.

**Canonical URL:** https://classa.info/cities/panama-city/growth-and-availability
**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
- Headline vacancy: 26.4%; trend softening.
- Trophy submarket (Banking District (Calle 50)) typically clears at half headline vacancy.
- New construction lead time is 36–60 months — pipeline is largely fixed for the next cycle.
- Pre-let activity dominates the new-build pipeline.

## 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%

## FAQ
### Is Panama City Class A office tight right now?
Headline vacancy is 26.4%. Trophy is materially tighter; older Class A and Class B carry the long tail.

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