CBRE: Average rent of US$25.70 per square metre per month in Panama City

Realopedia Global Real Estate Portal

In its 4Q15 review of the office markets of Latin America, CBRE noted that total inventory of prime office space in Panama City at the end of last year amounted to 704,000 square metres. Total inventory across all 11 cities in the region surveyed by CBRE amounted to 18,018,000 square metres. During 4Q15, average prime office rents in Panama City were US$25.70 per square metre per month, or less than the average across the 11 cities of US$27.42 per square metre per month. CBRE classifies Panama City as a prime office market where rents are falling slowly.

Source : CBRE/ Mar 2016/Panama City/OFF