In a March 2016 report, JLL reviewed the metrics of the office market of Panama City. The key feature of the market is the quadrupling of investment grade office stock in 2008-2012. This has been due to: expectations that the widening of the Panama Canal will boost economic demand; lax zoning regulations; an abundance of offshore banking deposits looking for superior long term returns. Total stock is expected to rise from 1,268,000 square metres now to 1,495,000 square metres in late 2018.

Source : JLL/Mar 2016/Panama City/OFF