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Paso Canoas Insightsas of Oct 2026
Population size
8.5 K People
Population growth
1.5%
Age distribution
0-14: 25%
15-64: 65%
65+: 10% percent
15-64: 65%
65+: 10% percent
Household size
3.2 People
Household composition
Mostly nuclear families with some extended due to rural setting
Education level
Primary: 40%
Secondary: 45%
Higher: 15% percent
Secondary: 45%
Higher: 15% percent
Median household income
10,000 USD/year
Employment rate
62 %
Job growth
2 %
Dominant industries
Retail trade, agriculture, cross-border services
Cost of living index
80 index
Retail sales per capita
2,500 USD/year
Disposable income
6,000 USD/year
Spending behavior by category - apparel, dining, electronics
Apparel: 20%, Dining: 15%, Electronics: 25% percent of retail spend
Existing retail mix
Small shops, supermarkets, duty-free style stores for cross-border shoppers
Number of competitors
50 stores
Market saturation
High
Presence of anchor tenants
Local supermarkets as anchors
Foot traffic from nearby businesses
High from Costa Rican day-trippers
Rent costs
15 USD/sqm/month
Property values
800 USD/sqm
Zoning laws
Commercial zones along border road
Business permits
Standard provincial process
Availability of retail space
Moderate
Proximity to major roads
Direct on Pan-American Highway
Public transportation access
Buses to David and border crossing
Parking availability
Street parking and lots near stores
Pedestrian traffic
High daily people
Vehicle traffic
5,000 vehicles/day
Public transport accessibility
Good
Commute times
30 min to David minutes
Work patterns
Local retail and agriculture, some commute to David
Shopping preferences
Value-oriented, cross-border bargains
Brand affinity
Local and imported budget brands
Consumer loyalty
Moderate to local shops
Entertainment and leisure trends
Local markets, border festivals
Crime statistics
Low overall
Shoplifting rates
Low
Public safety measures
Local police and border patrol
Tourist spending
High on goods
Tourist footfall
10,000 visitors/week
Major local events
Border fairs and holidays
Seasonal attractions
Holiday shopping peaks
E-commerce penetration
15 %
Click-and-collect adoption
Low
Local preference for in-store shopping
High
Total retail space
15,000 sqm
Retail space per capita
1.76 sqm/person
Projected growth in retail space
5 %
Retail leakage rate
20 %
Sustainable retail demand
Strong
Major upcoming retail projects
None major
Grocery market share distribution - Top 3 retailers & market share
Local Supermarket A: 40%, B: 30%, C: 20% percent
Consumer spending patterns
Daily essentials and bulk buys
Grocery expenditure trends
Increasing with inflation
Luxury retail performance
Low demand
Top mall shopping preferences
N/A, no malls; prefer local streets
Shopping trips to other cities - % of residents
30 percent
Key drivers for mall visits
N/A; drivers for local: convenience, price
Preferred brand categories - Luxury fashion, Value fashion, etc.
Value fashion: high, Luxury: low
Number of existing malls
0
Retail market gaps
Modern retail formats, luxury
Trade area population
50,000 people
Retail potential in catchment area
High
Projected retail growth rate
4 %
Preferred mall layouts
N/A; prefer open street markets
Public transport access
Good via buses
Walkability score
80 index
Road infrastructure & car access
Excellent on highway
Parking capacity in comparable malls
500
Surrounding land use & future developments
Agricultural with trade expansions
Retail Destinations in Paso Canoas
Browse 1 retail destination in Paso Canoas, Panama. Explore retail leasing opportunities, space availability, and market analytics on Occupi.
Paso Canoas at a Glance
- Total Properties1
- CountryPanama
