Where do energy and commodities occupiers lease office space in Panama City?

Most cluster in Banking District (Calle 50). Rent runs ~264 USD/sqft ($25 USD) for trophy and prime stock.

What fit-out spec do energy and commodities occupiers run in Panama City?

Typically trophy at $195–280/sqft.

How much office space per seat should a energy and commodities occupier plan in Panama City?

Plan ~240 sqft per seat blended. A 100-person team typically takes 24,000 sqft.

What NAICS codes describe the energy and commodities vertical?

Representative NAICS 2022 codes: 211, 212, 523130.

What is the talent index in Panama City?

76/100. Use the city profile for full detail.

Energy and commodities occupiers in Panama City typically cluster in Banking District (Calle 50), plan ~240 sqft per seat at trophy fit-out ($195–280/sqft), and pay around 264 USD/sqft ($25 USD) on Class A.

Preferred submarket: Banking District (Calle 50).
Typical fit-out spec: Trophy ($195–280/sqft).
Plan ~240 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.

Energy and commodities office space in Panama City

Energy and commodities occupiers in Panama City typically cluster in Banking District (Calle 50), plan ~240 sqft per seat at trophy fit-out">fit-out ($195–280/sqft), and pay around 264 USD/sqft ($25 USD) on Class A.

TL;DR

Preferred submarket: Banking District (Calle 50).
Typical fit-out spec: Trophy ($195–280/sqft).
Plan ~240 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

Energy and commodities occupiers in Panama City typically anchor in Banking District (Calle 50). International banking, asset management, law firms, 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. Trophy submarkets command a 20–40% premium above the city index.

Spec and fit-out

Typical energy and commodities fit-out targets trophy specification at $195–280/sqft. Bespoke design, signature feature, top-tier MEP and acoustic packages are standard.

Headcount sizing

Plan around 240 sqft per seat blended (workstation + circulation + amenity). A 100-headcount energy office in Panama City typically targets 24,000 sqft of leasable area.

Talent angle

Trading floors concentrate in CBD trophy product with redundant power and connectivity; engineering teams scale in suburban energy corridors. 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

city	Panama City
industry	Energy and commodities
naics	211, 212, 523130
preferredSubmarket	Banking District (Calle 50)
preferredFitoutSpec	Trophy
fitoutBand	$195–280/sqft
sqftPerSeat	240
classARentLocal	264 USD/sqft/yr
classARentUsd	$25/sqft/yr
vacancyPct	26.4%
typicalLeaseYears	5
typicalRentFreeMonths	10
talentIndex	76
corporateTaxPct	25%

Frequently asked questions

Where do energy and commodities occupiers lease office space in Panama City?: Most cluster in Banking District (Calle 50). Rent runs ~264 USD/sqft ($25 USD) for trophy and prime stock.
What fit-out spec do energy and commodities occupiers run in Panama City?: Typically trophy at $195–280/sqft.
How much office space per seat should a energy and commodities occupier plan in Panama City?: Plan ~240 sqft per seat blended. A 100-person team typically takes 24,000 sqft.
What NAICS codes describe the energy and commodities vertical?: Representative NAICS 2022 codes: 211, 212, 523130.
What is the talent index in Panama City?: 76/100. Use the city profile for full detail.

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.

Primary sources for this page

CBRE Marketview reports — CBRE
JLL Office Insight — JLL
Cushman & Wakefield Marketbeat — Cushman & Wakefield
Savills World Research — Savills
Colliers Global Office Outlook — Colliers

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