Aerospace and defence occupiers in Panama City typically cluster in Obarrio / Marbella, plan ~210 sqft per seat at high-end fit-out ($130–195/sqft), and pay around 264 USD/sqft ($25 USD) on Class A.

  • Preferred submarket: Obarrio / Marbella.
  • Typical fit-out spec: High-end ($130–195/sqft).
  • Plan ~210 sqft per seat for headcount sizing.
  • Class A rent context: 264 USD/sqft ($25 USD).
  • Typical lease: 5 years with 10 months rent-free.
  • Talent depth in Panama City: 76/100.

Aerospace and defence office space in Panama City

Aerospace and defence occupiers in Panama City typically cluster in Obarrio / Marbella, plan ~210 sqft per seat at high-end fit-out">fit-out ($130–195/sqft), and pay around 264 USD/sqft ($25 USD) on Class A.

TL;DR

  • Preferred submarket: Obarrio / Marbella.
  • Typical fit-out spec: High-end ($130–195/sqft).
  • Plan ~210 sqft per seat for headcount sizing.
  • Class A rent context: 264 USD/sqft ($25 USD).
  • Typical lease: 5 years with 10 months rent-free.
  • Talent depth in Panama City: 76/100.

Where they cluster

Aerospace and defence occupiers in Panama City typically anchor in Obarrio / Marbella. Banking branches, retail HQs, consulting, professional services.

What they pay

Class A rent in Panama City runs 264 USD/sqft ($25 USD) on a 5-year lease with 10 months free. Prime submarkets sit at or modestly above the city index.

Spec and fit-out

Typical aerospace and defence fit-out targets high-end specification at $130–195/sqft. Branded reception, full client-facing programming, premium furniture, and specialist AV are standard.

Headcount sizing

Plan around 210 sqft per seat blended (workstation + circulation + amenity). A 100-headcount aero/defence office in Panama City typically targets 21,000 sqft of leasable area.

Talent angle

Programme leadership and contracting teams concentrate near government anchors; cleared-personnel logistics drive submarket selection. Strong banking, logistics, and trade talent. Universidad de Panamá, USMA, and FAE Business School anchor the regional pipeline. Multilingual (Spanish, English) talent supports international tenancy. Strong cross-border talent flow with Colombia and Venezuela.

Tax and lease context

Headline corporate tax: 25%. Panamanian gross structure (rent inclusive of management fees). USD-denominated. 3-5 year terms standard. Rent-free of 8-12 months on 5-year terms plus USD 100-300/sqm TI typical.

Key facts

cityPanama City
industryAerospace and defence
naics3364, 5415
preferredSubmarketObarrio / Marbella
preferredFitoutSpecHigh-end
fitoutBand$130–195/sqft
sqftPerSeat210
classARentLocal264 USD/sqft/yr
classARentUsd$25/sqft/yr
vacancyPct26.4%
typicalLeaseYears5
typicalRentFreeMonths10
talentIndex76
corporateTaxPct25%

Frequently asked questions

Where do aerospace and defence occupiers lease office space in Panama City?
Most cluster in Obarrio / Marbella. Rent runs ~264 USD/sqft ($25 USD) for trophy and prime stock.
What fit-out spec do aerospace and defence occupiers run in Panama City?
Typically high-end at $130–195/sqft.
How much office space per seat should a aerospace and defence occupier plan in Panama City?
Plan ~210 sqft per seat blended. A 100-person team typically takes 21,000 sqft.
What NAICS codes describe the aerospace and defence vertical?
Representative NAICS 2022 codes: 3364, 5415.
What is the talent index in Panama City?
76/100. Use the city profile for full detail.

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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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