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Penonomé Insightsas of Oct 2026
Population size
25 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
3.5 People
Household composition
70% nuclear
20% extended
10% single-parent percent
20% extended
10% single-parent percent
Education level
Primary: 80%
Secondary: 50%
Tertiary: 15% percent
Secondary: 50%
Tertiary: 15% percent
Median household income
10,000 USD/year
Employment rate
60 %
Job growth
1 %
Dominant industries
Agriculture, retail, services
Cost of living index
85 index
Retail sales per capita
2,000 USD/year
Disposable income
7,500 USD/year
Spending behavior by category - apparel, dining, electronics
Apparel: 10%, Dining: 15%, Electronics: 8% percent
Existing retail mix
Small supermarkets, local markets, independent shops
Number of competitors
25 stores
Market saturation
Low
Presence of anchor tenants
Local supermarket chains present
Foot traffic from nearby businesses
Moderate, 500 daily visitors people/day
Rent costs
10 USD/sqm/month
Property values
800 USD/sqm
Zoning laws
Mixed-use zoning in central areas
Business permits
Standard national process, 30 days days
Availability of retail space
4,000 sqm
Proximity to major roads
Direct access to Panama-Colón Highway
Public transportation access
Bus lines to Panama City, 2 hours
Parking availability
150 spaces
Pedestrian traffic
1,000 people/day
Vehicle traffic
5,000 vehicles/day
Public transport accessibility
Good, frequent local buses
Commute times
20-30 minutes within district minutes
Work patterns
Daytime agriculture, evening retail
Shopping preferences
Local markets and value-oriented
Brand affinity
Preference for affordable local and basic international
Consumer loyalty
High to neighborhood stores
Entertainment and leisure trends
Local festivals, sports, family gatherings
Crime statistics
Low, 50 incidents/1,000 people incidents/1,000 people
Shoplifting rates
Low, 2 percent
Public safety measures
Local police patrols, community watch
Tourist spending
500,000 USD/year
Tourist footfall
10,000 visitors/year
Major local events
Penonomé Fair annual
Seasonal attractions
Harvest festivals, agricultural tours
E-commerce penetration
15 %
Click-and-collect adoption
5 %
Local preference for in-store shopping
85 %
Total retail space
8,000 sqm
Retail space per capita
0.32 sqm/person
Projected growth in retail space
2 %
Retail leakage rate
40 %
Sustainable retail demand
Moderate
Major upcoming retail projects
Small expansions planned
Grocery market share distribution - Top 3 retailers & market share
Local stores: 60%, Super 99: 20%, Riba Smith: 15% percent
Consumer spending patterns
Focus on essentials, weekly shopping
Grocery expenditure trends
Increasing 3% annually percent
Luxury retail performance
Low, minimal demand
Top mall shopping preferences
Local centers over malls
Shopping trips to other cities - % of residents
35 percent
Key drivers for mall visits
Price, variety, convenience
Preferred brand categories - Luxury fashion, Value fashion, etc.
Value fashion: 70%, Basics: 25%, Luxury: 5% percent
Number of existing malls
0 malls
Total retail footfall - annual visits across malls
400,000 sqm
Retail market gaps
Modern grocery, apparel outlets
Trade area population
50,000 people
Retail potential in catchment area
Medium
Projected retail growth rate
3 %
Preferred mall layouts
Open-air community style
Public transport access
High, multiple bus routes
Walkability score
70 score/100
Road infrastructure & car access
Good paved roads, high car ownership
Parking capacity in comparable malls
100 spaces
Surrounding land use & future developments
Agricultural with residential growth
Retail Destinations in Penonomé
Browse 1 retail destination in Penonomé, Panama. Explore retail leasing opportunities, space availability, and market analytics on Occupi.
Penonomé at a Glance
- Total Properties1
- CountryPanama
