Panama Pacífico is a established-tier Panama City submarket with average asking rent around $240/sqm/yr · ≈ $22.3 PSF/yr USD.

  • Average asking rent: $240/sqm/yr · ≈ $22.3 PSF/yr USD.
  • Tier: established.
  • 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 established tier.

Panama Pacífico, Panama City office rents and availability

Panama Pacífico is a established-tier Panama City submarket with average asking rent around $240/sqm/yr · ≈ $22.3 PSF/yr USD.

TL;DR

  • Average asking rent: $240/sqm/yr · ≈ $22.3 PSF/yr USD.
  • Tier: established.
  • 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 established tier.

Where rent sits

Panama Pacífico averages around $240/sqm/yr · ≈ $22.3 PSF/yr USD for Class A, against a citywide Class A index of 264. As an established / value submarket, rent runs at or below city average with deeper availability.

Availability dynamics

Master-planned Pacific-side SEZ. Multinationals (3M, Caterpillar, Dell), logistics, SEZ tenants.

Key facts

cityPanama City
submarketPanama Pacífico
tierestablished
averageRentLocal$240/sqm/yr · ≈ $22.3 PSF/yr USD
cityClassARentUsd$25/sqft/yr
cityVacancyPct26.4%

Frequently asked questions

What is the average Class A rent in Panama Pacífico, Panama City?
Around $240/sqm/yr · ≈ $22.3 PSF/yr USD. The citywide Class A index sits at $264/sqm/yr · ≈ $24.5 PSF/yr USD.

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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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