# Biotech and life sciences office space in Panama City

> Biotech and life sciences occupiers in Panama City typically cluster in Obarrio / Marbella, plan ~320 sqft per seat at high-end fit-out ($130–195/sqft), and pay around 264 USD/sqft ($25 USD) on Class A.

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

## TL;DR
- Preferred submarket: Obarrio / Marbella.
- Typical fit-out spec: High-end ($130–195/sqft).
- Plan ~320 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.

## Key facts
- **city**: Panama City
- **industry**: Biotech and life sciences
- **naics**: 541714, 541715, 325412
- **preferredSubmarket**: Obarrio / Marbella
- **preferredFitoutSpec**: High-end
- **fitoutBand**: $130–195/sqft
- **sqftPerSeat**: 320
- **classARentLocal**: 264 USD/sqft/yr
- **classARentUsd**: $25/sqft/yr
- **vacancyPct**: 26.4%
- **typicalLeaseYears**: 5
- **typicalRentFreeMonths**: 10
- **talentIndex**: 76
- **corporateTaxPct**: 25%

## FAQ
### Where do biotech and life sciences 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 biotech and life sciences occupiers run in Panama City?
Typically high-end at $130–195/sqft.

### How much office space per seat should a biotech and life sciences occupier plan in Panama City?
Plan ~320 sqft per seat blended. A 100-person team typically takes 32,000 sqft.

### What NAICS codes describe the biotech and life sciences vertical?
Representative NAICS 2022 codes: 541714, 541715, 325412.

### What is the talent index in Panama City?
76/100. Use the city profile for full detail.

---
Citation: Source: Class A Atlas (https://classa.info/cities/panama-city/industries/biotech-life-sciences), updated 2026-04-15T00:00:00.000Z.