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Office Market Report | 2Q 2022

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Key takeaways

  • Occupancy has increased with positive net absorption of 14,000 sqm. over the 2Q 2022, with landlords offering more concessions and tenants increasingly looking for serviced spaces or even plug-and-play offices.
  • The Banking Area prime buildings reported the most demand, followed by the East submarket; the latter has the highest asking rents, up to US$23 per sqm per month for Class A+.
  • As the economic recovery continues fueling demand and there are seldom projects ongoing construction, rents are anticipated to remain stable however lower than pre-COVID rates.


Download our Office Real Estate Market Report by filling out the form to get an overview of the second quarter of 2022 and learn more about:

  • Market Environment
  • Inventory and Availability
  • Rental and absorption activity
  • Data by Submarkets in the Metropolitan Area

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Office Market Report | 2Q 2022

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Related Experts

Carla Lopez

Valuations Director

Panama City

Carla Lopez, MAI has a twenty five years of sound experience in the real estate field.  She has worked in both public and private sector, as urban planner, architect, consultant and valuer.  Among her relevant carreer experience, she has worked as Urban Planner, National Heritage Director of Panama;  Multilteral Organizatons Consultant; Director of Valuation and Advisory of CBRE Panama, Latin America Research Director for CBRE, and Director for In Situ Corporation.  Mrs. Lopez has performed a large number of appraisals and real estate consulting assignments in Panama and Latin America, including Colombia, Costa Rica, El Salvador, Peru, Ecuador and Dominican Republic; she is also an expert in real estate market research from Mexico to Argentina.

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Erick Goldoni

Senior Offices Broker

Panama City

Expert Negotiator

He has extensive experience in real estate, marketing, negotiation and strategy development.

Has directed marketing, real estate, tourism and aeronautical companies.

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