Panama has proven to be a key destination for investors in commercial real estate due to its sustained economic growth, strategic location, and political stability. As the country continues to develop as a regional hub for trade and investment, some areas stand out for offering the best opportunities for those looking to expand or start businesses. Below are the main commercial zones you should consider investing in 2024.
1. Panama City: Calle 50
Calle 50 is one of the most important commercial corridors in Panama City. With a strategic location in the city's financial heart, this area is home to a wide range of banks, corporate offices, and high-profile businesses. The demand in this area remains strong, ensuring a constant flow of customers and excellent prospects for businesses. The modern infrastructure and proximity to high-end residential areas make Calle 50 an ideal place for commercial investments.
2. Costa del Este
This is one of the most exclusive and rapidly developing areas of the city. Costa del Este has quickly grown into a corporate hub hosting major multinational companies. Additionally, it features high-end shopping centers, restaurants, and services that attract both residents and tourists. Efficient urban planning, quality infrastructure, and proximity to Tocumen International Airport make Costa del Este a perfect place for commercial investments in Panama.
3. Albrook
Located near the city center and Albrook airport, this area has gained popularity among commercial investors due to its excellent connectivity and the famous Albrook Mall, one of the largest in Latin America. Albrook is a key area for retail businesses and offers opportunities for businesses seeking a large influx of visitors, as it is a convergence point for both locals and tourists.
4. Banking District
As the name suggests, this area concentrates most of Panama's financial institutions. While its main focus is the banking sector, the growing presence of offices, businesses, and restaurants makes it an attractive area for a wide range of businesses. World-class infrastructure, transportation connections, and a constant flow of professionals and clients make it a safe choice for commercial investments.
5. Obarrio
Obarrio is one of the oldest yet most modern districts in Panama City. Known for its mix of residential and commercial buildings, Obarrio is a favorite area for opening shops, offices, and restaurants. Its central location and cosmopolitan atmosphere attract a diverse clientele with high purchasing power, guaranteeing a dynamic environment full of opportunities.
6. San Francisco
San Francisco is a rapidly growing neighborhood that has experienced a commercial boom in recent years. With plenty of cafes, restaurants, and boutiques, this area attracts both young residents and professionals looking for modern spaces for their businesses. Additionally, its proximity to major transportation routes and vibrant atmosphere make San Francisco one of the best commercial areas to invest in.
Panama offers a dynamic and diverse environment for investors seeking commercial opportunities. Areas like Calle 50, Costa del Este, and Albrook stand out for their infrastructure, connectivity, and large potential customer base. With the country's continuous growth, these areas are well-positioned to offer excellent returns to investors.
If you are looking for advice on investing in any of these commercial areas, feel free to contact us and schedule a free consultation with one of our commercial real estate experts.
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