--- title: "Energy and commodities office space in Panama City" description: "Where energy and commodities occupiers cluster in Panama City, what they pay, and what the typical fit-out looks like." canonical: https://classa.info/cities/panama-city/industries/energy-commodities pageType: city-industry lastUpdated: 2026-04-15T00:00:00.000Z license: "CC BY 4.0 with attribution to Class A Atlas (https://classa.info)." --- > Energy and commodities occupiers in Panama City typically cluster in Banking District (Calle 50), plan ~240 sqft per seat at trophy 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 ~240 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. # Energy and commodities office space in Panama City **Energy and commodities occupiers in Panama City typically cluster in Banking District (Calle 50), plan ~240 sqft per seat at trophy [fit-out](/topics/fit-out-capex)">fit-out ($195–280/sqft), and pay around 264 USD/sqft ($25 USD) on [Class A](/glossary/class-a).** ## TL;DR - Preferred submarket: Banking District (Calle 50). - Typical fit-out spec: Trophy ($195–280/sqft). - Plan ~240 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 Energy and commodities 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 energy and commodities 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 240 sqft per seat blended (workstation + circulation + amenity). A 100-headcount energy office in Panama City typically targets 24,000 sqft of leasable area. ## Talent angle Trading floors concentrate in CBD trophy product with redundant power and connectivity; engineering teams scale in suburban energy corridors. 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 | Energy and commodities| | naics | 211, 212, 523130| | preferredSubmarket | Banking District (Calle 50)| | preferredFitoutSpec | Trophy| | fitoutBand | $195–280/sqft| | sqftPerSeat | 240| | 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 energy and commodities 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 energy and commodities occupiers run in Panama City?**** : Typically trophy at $195–280/sqft. ****How much office space per seat should a energy and commodities occupier plan in Panama City?**** : Plan ~240 sqft per seat blended. A 100-person team typically takes 24,000 sqft. ****What NAICS codes describe the energy and commodities vertical?**** : Representative NAICS 2022 codes: 211, 212, 523130. ****What is the talent index in Panama City?**** : 76/100. Use the city profile for full detail. ## Related - [**Energy and commodities — global overview**](/industries/energy-commodities) - [**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/energy-commodities), updated 2026-04-15T00:00:00.000Z.