Commercial real estate sector recovers and advances to a new phase of expansion
The commercial real estate market in Panama is experiencing a stable recovery following the COVID-19 health crisis and is now entering a new phase of expansion, as per assessments by industry experts. At the close of the first half of this year, the total leasable area reached 1,473,105 square meters, reflecting a 0.41% increase compared to the same period in 2022. Simultaneously, the vacancy rate stood at 9.51%, affirming the industry’s vigor during this timeframe, coupled with a net absorption of 47,242 square meters.
