Obarrio / Marbella is a prime-tier Panama City submarket with average asking rent around $264/sqm/yr · ≈ $24.5 PSF/yr USD.

  • Average asking rent: $264/sqm/yr · ≈ $24.5 PSF/yr USD.
  • Tier: prime.
  • Citywide Class A rent context: $264/sqm/yr · ≈ $24.5 PSF/yr USD ($25 USD).
  • Citywide vacancy: 26.4% — submarket-level availability is typically tighter at prime tier.

Obarrio / Marbella, Panama City office rents and availability

Obarrio / Marbella is a prime-tier Panama City submarket with average asking rent around $264/sqm/yr · ≈ $24.5 PSF/yr USD.

TL;DR

  • Average asking rent: $264/sqm/yr · ≈ $24.5 PSF/yr USD.
  • Tier: prime.
  • Citywide Class A rent context: $264/sqm/yr · ≈ $24.5 PSF/yr USD ($25 USD).
  • Citywide vacancy: 26.4% — submarket-level availability is typically tighter at prime tier.

Where rent sits

Obarrio / Marbella averages around $264/sqm/yr · ≈ $24.5 PSF/yr USD for Class A, against a citywide Class A index of 264. As a prime submarket, rent runs at or above city average with mostly tight availability.

Availability dynamics

Heritage commercial spine. Banking branches, retail HQs, consulting, professional services.

Key facts

cityPanama City
submarketObarrio / Marbella
tierprime
averageRentLocal$264/sqm/yr · ≈ $24.5 PSF/yr USD
cityClassARentUsd$25/sqft/yr
cityVacancyPct26.4%

Frequently asked questions

What is the average Class A rent in Obarrio / Marbella, Panama City?
Around $264/sqm/yr · ≈ $24.5 PSF/yr USD. The citywide Class A index sits at $264/sqm/yr · ≈ $24.5 PSF/yr USD.

Related

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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