JLL: Net absorption of office space in Panama City to fall in 2015.
According to Jones Lang LaSalle IP’s ‘Office Market Overview’ for Latin America, supply of new office space in Panama City should fall from 225,000 square metres in 2014 to 184,000 square metres in 2015. Expected net absorption is expected to fall from 90,000 square metres to 62,000 square metres. This is in the context of an overall vacancy rate of 41% across 1,089,000 square metres of space at the end of 2014. Class A office rents were USD19-26 per square metre per month.
Source : 31 Mar 2015/JLL/Panama City/OFF