The commercial real estate market in Panama is experiencing a post-pandemic revival, driven by economic recovery and the demand from new emerging sectors. In 2024, certain sectors and areas of the country are showing exceptional growth potential, making them key areas for investments in commercial properties.
Sectors with the Greatest Potential in 2024
Logistics and Distribution Panama, with its strategic location and the Panama Canal, remains a center of international trade. The logistics sector is a fundamental pillar of the economy and continues to expand, especially with the global demand for transportation and storage services. Areas like Panama Pacific and Colon are consolidating as logistics hubs, leading to a high demand for commercial and industrial properties such as warehouses and distribution centers.
Investment Opportunities: Logistic parks and industrial properties in these areas offer high growth potential, especially with the increase in e-commerce operations and the expansion of multinational companies.
Technology and Flexible Offices Digital transformation and the rise of remote work have impacted the traditional office market. However, flexible offices, coworking spaces, and offices with advanced technology are gaining ground. Sectors like technology are growing rapidly, and companies are seeking modern and well-equipped spaces that adapt to their changing needs.
Investment Opportunities: Areas like Costa del Este and Punta Pacifica, which already have a consolidated business profile, are ideal for investments in tech offices, coworking spaces, and smart buildings.
Retail Sector The retail sector in Panama is adapting to new consumer habits. Large shopping centers remain an important part of the commercial ecosystem, but there is also a trend towards developing small commercial spaces and boutiques in high-income residential areas. Areas like San Francisco and Obarrio offer excellent potential for specialty stores, restaurants, and services.
Investment Opportunities: Commercial spaces in areas with high urban and tourist traffic are an excellent opportunity for investors looking for retail properties with high occupancy levels and profitability.
Hospitality and Tourism Tourism continues to be one of Panama's economic drivers, and with the reactivation of international travel, boutique hotels and tourist developments in areas like Casco Antiguo, Bocas del Toro, and Pedasi offer great investment opportunities. The demand for unique and personalized experiences is increasing, and investors can capitalize on this growth by developing hotels, restaurants, and event spaces in these high-demand tourist areas.
Investment Opportunities: Building small luxury hotels and vacation rental properties in key tourist areas is an attractive option with a high return on investment.
Key Commercial Areas in Panama
Costa del Este: A modern and exclusive area that has seen a boom in corporate offices, shopping centers, and residential developments. Its proximity to the airport and the city's financial center makes it a strategic area.
Obarrio: A traditional commercial and business district that remains a prime location for offices and commercial spaces. The modernization of infrastructure in this area is revitalizing its appeal to investors.
Punta Pacifica: With a focus on luxury properties and proximity to business centers, it is one of the preferred areas for high-level corporate office development and mixed projects.
Commercial properties in Panama present great growth opportunities in 2024, especially in key sectors such as logistics, technology, retail, and tourism. Investors looking to capitalize on these trends will find a dynamic and constantly evolving market in the country, with highly attractive return potential.
Interested in investing in commercial properties in Panama? Contact Investments Real Estate Advisors and discover the best opportunities available in the market.
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