--- title: "Biotech and life sciences office space in Panama City" description: "Where biotech and life sciences occupiers cluster in Panama City, what they pay, and what the typical fit-out looks like." canonical: https://classa.info/cities/panama-city/industries/biotech-life-sciences pageType: city-industry lastUpdated: 2026-04-15T00:00:00.000Z license: "CC BY 4.0 with attribution to Class A Atlas (https://classa.info)." --- > Biotech and life sciences occupiers in Panama City typically cluster in Obarrio / Marbella, plan ~320 sqft per seat at high-end fit-out ($130–195/sqft), and pay around 264 USD/sqft ($25 USD) on Class A. ## TL;DR - Preferred submarket: Obarrio / Marbella. - Typical fit-out spec: High-end ($130–195/sqft). - Plan ~320 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. # Biotech and life sciences office space in Panama City **Biotech and life sciences occupiers in Panama City typically cluster in Obarrio / Marbella, plan ~320 sqft per seat at high-end [fit-out](/topics/fit-out-capex)">fit-out ($130–195/sqft), and pay around 264 USD/sqft ($25 USD) on [Class A](/glossary/class-a).** ## TL;DR - Preferred submarket: Obarrio / Marbella. - Typical fit-out spec: High-end ($130–195/sqft). - Plan ~320 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 Biotech and life sciences occupiers in Panama City typically anchor in Obarrio / Marbella. Banking branches, retail HQs, consulting, 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. Prime submarkets sit at or modestly above the city index. ## Spec and fit-out Typical biotech and life sciences fit-out targets high-end specification at $130–195/sqft. Branded reception, full client-facing programming, premium furniture, and specialist AV are standard. ## Headcount sizing Plan around 320 sqft per seat blended (workstation + circulation + amenity). A 100-headcount biotech office in Panama City typically targets 32,000 sqft of leasable area. ## Talent angle Cluster effects are decisive: PhD-grade talent concentrates near academic-medical anchors and translational research institutes. 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](/topics/cross-border-expansion) 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 | Biotech and life sciences| | naics | 541714, 541715, 325412| | preferredSubmarket | Obarrio / Marbella| | preferredFitoutSpec | High-end| | fitoutBand | $130–195/sqft| | sqftPerSeat | 320| | 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 biotech and life sciences occupiers lease office space in Panama City?**** : Most cluster in Obarrio / Marbella. Rent runs ~264 USD/sqft ($25 USD) for trophy and prime stock. ****What fit-out spec do biotech and life sciences occupiers run in Panama City?**** : Typically high-end at $130–195/sqft. ****How much office space per seat should a biotech and life sciences occupier plan in Panama City?**** : Plan ~320 sqft per seat blended. A 100-person team typically takes 32,000 sqft. ****What NAICS codes describe the biotech and life sciences vertical?**** : Representative NAICS 2022 codes: 541714, 541715, 325412. ****What is the talent index in Panama City?**** : 76/100. Use the city profile for full detail. ## Related - [**Biotech and life sciences — global overview**](/industries/biotech-life-sciences) - [**Panama City — full city profile**](/cities/panama-city) - [**Financial services in Panama City**](/cities/panama-city/industries/financial-services) - [**Asset management in Panama City**](/cities/panama-city/industries/asset-management) - [**Investment banking in Panama City**](/cities/panama-city/industries/investment-banking) - [**Legal services in Panama City**](/cities/panama-city/industries/legal-services) ## Editorial provenance Reviewed by [**Class A Atlas Editorial Desk**](/about/authors/class-a-atlas-editorial-desk) — House byline · global editorial team. Last updated 2026-04-15. See our [methodology](/about/methodology) and [editorial standards](/about/editorial-standards). ### Primary sources for this page - [CBRE Marketview reports](https://www.cbre.com/insights) — CBRE - [JLL Office Insight](https://www.jll.com/en/trends-and-insights) — JLL - [Cushman & Wakefield Marketbeat](https://www.cushmanwakefield.com/en/insights) — Cushman & Wakefield - [Savills World Research](https://www.savills.com/research_articles/) — Savills - [Colliers Global Office Outlook](https://www.colliers.com/en/research) — Colliers [Full sources index](/about/sources) · [Submit a correction](/about/corrections) ## Related topics - [**Class A Lease Negotiation**](/topics/class-a-lease-negotiation) — How to negotiate a Class A office lease — the playbook from LOI to signed deal. - [**Hybrid Workplace Strategy**](/topics/hybrid-workplace-strategy) — How to size, structure, and lease a Class A office for a hybrid workforce. - [**ESG / LEED for Tenants**](/topics/esg-leed-tenants) — How tenants evaluate, negotiate, and report on ESG performance in a Class A office lease. - [**Cross-border Expansion**](/topics/cross-border-expansion) — How to run a coordinated Class A office search across multiple geographies. - [**Fit-out Capex**](/topics/fit-out-capex) — How to budget, sequence, and govern Class A office fit-out capex. - [**Lease vs Flex**](/topics/lease-vs-flex) — When premium flex (coworking, [managed office](/glossary/managed-office)) beats a conventional Class A lease — and vice versa. --- Citation: Source: Class A Atlas (https://classa.info/cities/panama-city/industries/biotech-life-sciences), updated 2026-04-15T00:00:00.000Z.