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Retail Market Report | 2Q 2022

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Key Takeaways


  • Shopping malls’ occupancy remains stable, and open plazas’ absorption is positive in most locations because of pent-up demand from customers.
  • The downtown (Center), which includes premium retail buildings, reports the highest asking rents up to $55 per sqm. per month, followed by the westernmost shopping centers (La Chorrera).
  • An upward trend regarding rents for current supply is anticipated as the economic recovery continues fueling demand and there are few new projects ongoing construction.


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

  • Market Highlights
  • Vacancy & Absorption Rate
  • Leasing Activity
  • Submarket & Metropolitan Area Breakdowns


Retail 2Q 2022

Retail 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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Stefany Sanchez

Market Analyst

Panama City

Stefany has 5 years of experience  in the real estate market, working in the area of property management and customer service.

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