Investment banking occupiers in Panama City typically cluster in Banking District (Calle 50), plan ~215 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 ~215 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.

Investment banking office space in Panama City

Investment banking occupiers in Panama City typically cluster in Banking District (Calle 50), plan ~215 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 ~215 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

Investment banking 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 investment banking 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 215 sqft per seat blended (workstation + circulation + amenity). A 100-headcount banking office in Panama City typically targets 21,500 sqft of leasable area.

Talent angle

Bulge-bracket teams favor signature trophy assets with full client-facing programming and large floor plates. 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
industryInvestment banking
naics523150, 522110
preferredSubmarketBanking District (Calle 50)
preferredFitoutSpecTrophy
fitoutBand$195–280/sqft
sqftPerSeat215
classARentLocal264 USD/sqft/yr
classARentUsd$25/sqft/yr
vacancyPct26.4%
typicalLeaseYears5
typicalRentFreeMonths10
talentIndex76
corporateTaxPct25%

Frequently asked questions

Where do investment banking 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 investment banking occupiers run in Panama City?
Typically trophy at $195–280/sqft.
How much office space per seat should a investment banking occupier plan in Panama City?
Plan ~215 sqft per seat blended. A 100-person team typically takes 21,500 sqft.
What NAICS codes describe the investment banking vertical?
Representative NAICS 2022 codes: 523150, 522110.
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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