Obarrio / Marbella (prime, ~$264/sqm/yr · ≈ $24.5 PSF/yr USD) is one of 5 Panama City Class A submarkets we track.

  • Obarrio / Marbella sits at prime tier.
  • Average rent $264/sqm/yr · ≈ $24.5 PSF/yr USD vs city average 264.
  • Compared submarkets: Banking District (Calle 50) (trophy), Costa del Este (trophy), Punta Pacifica (trophy).

Obarrio / Marbella vs other Panama City submarkets

Obarrio / Marbella (prime, ~$264/sqm/yr · ≈ $24.5 PSF/yr USD) is one of 5 Panama City Class A submarkets we track.

TL;DR

  • Obarrio / Marbella sits at prime tier.
  • Average rent $264/sqm/yr · ≈ $24.5 PSF/yr USD vs city average 264.
  • Compared submarkets: Banking District (Calle 50) (trophy), Costa del Este (trophy), Punta Pacifica (trophy).

Side-by-side with peers

**Banking District (Calle 50)** (trophy, $312/sqm/yr · ≈ $29 PSF/yr USD) — Heritage international banking trophy. **Costa del Este** (trophy, $288/sqm/yr · ≈ $26.8 PSF/yr USD) — Master-planned post-2010 trophy district. **Punta Pacifica** (trophy, $312/sqm/yr · ≈ $29 PSF/yr USD) — Premium waterfront mixed-use trophy. **Panama Pacífico** (established, $240/sqm/yr · ≈ $22.3 PSF/yr USD) — Master-planned Pacific-side SEZ.

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 other submarkets compete with Obarrio / Marbella in Panama City?
Banking District (Calle 50), Costa del Este, Punta Pacifica

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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