<turbo-stream action="replace" target="mall-map-wrapper"><template><div data-controller="map" data-lat="8.4322029" data-lng="-82.4623183" data-map-catchment-data-value="{&quot;lat&quot;:&quot;8.4322029&quot;,&quot;lng&quot;:&quot;-82.4623183&quot;,&quot;primary_radius&quot;:5.0,&quot;secondary_radius&quot;:15.0,&quot;population&quot;:200000}" data-map-demographic-summary-value="{&quot;Mall Demographics&quot;:[{&quot;label&quot;:&quot;Primary Catchment Area&quot;,&quot;value&quot;:&quot;5 km&quot;,&quot;description&quot;:&quot;Radius around the mall serving primary customers in David urban area&quot;},{&quot;label&quot;:&quot;Secondary Catchment Area&quot;,&quot;value&quot;:&quot;20 km&quot;,&quot;description&quot;:&quot;Extended radius including surrounding Chiriquí areas&quot;},{&quot;label&quot;:&quot;Catchment area population&quot;,&quot;value&quot;:&quot;200,000 People&quot;,&quot;description&quot;:&quot;Estimated total population in primary and secondary catchment including David metro area&quot;},{&quot;label&quot;:&quot;Population growth rate&quot;,&quot;value&quot;:&quot;1.5&quot;,&quot;description&quot;:&quot;Annual growth rate for David and Chiriquí province based on national trends&quot;},{&quot;label&quot;:&quot;Median age&quot;,&quot;value&quot;:&quot;30.9 Years&quot;,&quot;description&quot;:&quot;Median age of population in David district&quot;},{&quot;label&quot;:&quot;Household size&quot;,&quot;value&quot;:&quot;3.5 Persons&quot;,&quot;description&quot;:&quot;Average household size in Chiriquí province&quot;},{&quot;label&quot;:&quot;Education level (tertiary)&quot;,&quot;value&quot;:&quot;25.0&quot;,&quot;description&quot;:&quot;Percentage of population with tertiary education in Panama urban areas like David&quot;}],&quot;Economic Indicators&quot;:[{&quot;label&quot;:&quot;Median household income&quot;,&quot;value&quot;:&quot;14,400 USD per year&quot;,&quot;description&quot;:&quot;Estimated median annual household income based on after-tax salary data for David&quot;},{&quot;label&quot;:&quot;Unemployment rate&quot;,&quot;value&quot;:&quot;5.0&quot;,&quot;description&quot;:&quot;Estimated unemployment rate in affluent Chiriquí province&quot;},{&quot;label&quot;:&quot;Cost of living index&quot;,&quot;value&quot;:&quot;45 (NYC=100)&quot;,&quot;description&quot;:&quot;Cost of living index for David, indicating affordability&quot;}],&quot;Consumer Spending&quot;:[{&quot;label&quot;:&quot;Retail spending per capita&quot;,&quot;value&quot;:&quot;1,000 USD per year&quot;,&quot;description&quot;:&quot;Estimated annual retail spending per person in Panama&#39;s western region&quot;},{&quot;label&quot;:&quot;Spending on apparel&quot;,&quot;value&quot;:&quot;200 USD per year&quot;,&quot;description&quot;:&quot;Estimated annual per capita spending on apparel in urban Panama&quot;},{&quot;label&quot;:&quot;Spending on groceries&quot;,&quot;value&quot;:&quot;1,500 USD per year&quot;,&quot;description&quot;:&quot;Estimated annual per capita spending on groceries in David households&quot;},{&quot;label&quot;:&quot;Spending on electronics&quot;,&quot;value&quot;:&quot;300 USD per year&quot;,&quot;description&quot;:&quot;Estimated annual per capita spending on electronics in Panama&quot;}],&quot;Mall Traffic \u0026 Performance&quot;:[{&quot;label&quot;:&quot;Annual foot traffic&quot;,&quot;value&quot;:&quot;5,000,000 Visitors&quot;,&quot;description&quot;:&quot;Reported annual visitors to City Mall David&quot;},{&quot;label&quot;:&quot;Dwell time&quot;,&quot;value&quot;:&quot;120 Minutes&quot;,&quot;description&quot;:&quot;Average time visitors spend in the mall&quot;},{&quot;label&quot;:&quot;Conversion rate&quot;,&quot;value&quot;:&quot;20.0&quot;,&quot;description&quot;:&quot;Estimated percentage of visitors making purchases&quot;},{&quot;label&quot;:&quot;Sales per square meter&quot;,&quot;value&quot;:&quot;500 USD per month&quot;,&quot;description&quot;:&quot;Estimated monthly sales per square meter in mid-tier Panama malls&quot;}],&quot;Competition \u0026 Tenant Mix&quot;:[{&quot;label&quot;:&quot;Number of retail stores&quot;,&quot;value&quot;:&quot;80 Stores&quot;,&quot;description&quot;:&quot;Estimated number of retail outlets in City Mall David&quot;},{&quot;label&quot;:&quot;Anchor tenant presence&quot;,&quot;value&quot;:&quot;Yes Presence&quot;,&quot;description&quot;:&quot;Major anchors like supermarkets and cinemas present&quot;},{&quot;label&quot;:&quot;Competitor density (same category)&quot;,&quot;value&quot;:&quot;3 Malls per 100,000 people&quot;,&quot;description&quot;:&quot;Density of similar shopping centers in David area&quot;},{&quot;label&quot;:&quot;Tenant diversity&quot;,&quot;value&quot;:&quot;High Level&quot;,&quot;description&quot;:&quot;Mix of local, international, and specialty brands&quot;},{&quot;label&quot;:&quot;Unique Concepts&quot;,&quot;value&quot;:&quot;Food courts and entertainment zones Concepts&quot;,&quot;description&quot;:&quot;Unique features including dining and leisure options&quot;}],&quot;Real Estate \u0026 Leasing&quot;:[{&quot;label&quot;:&quot;Gross Leasable Area&quot;,&quot;value&quot;:&quot;12,000 sqm&quot;,&quot;description&quot;:&quot;Estimated total leasable space in the mall&quot;},{&quot;label&quot;:&quot;Number of Levels&quot;,&quot;value&quot;:&quot;2 Levels&quot;,&quot;description&quot;:&quot;Number of floors dedicated to retail&quot;},{&quot;label&quot;:&quot;Average rent per square meter&quot;,&quot;value&quot;:&quot;20 USD per month&quot;,&quot;description&quot;:&quot;Estimated average monthly rent for retail space&quot;},{&quot;label&quot;:&quot;Vacancy rate&quot;,&quot;value&quot;:&quot;5.0&quot;,&quot;description&quot;:&quot;Current vacancy rate in the mall&quot;},{&quot;label&quot;:&quot;Lease term flexibility&quot;,&quot;value&quot;:&quot;Flexible Terms&quot;,&quot;description&quot;:&quot;Options for short and long-term leases available&quot;},{&quot;label&quot;:&quot;Available retail space&quot;,&quot;value&quot;:&quot;1,000 sqm&quot;,&quot;description&quot;:&quot;Current available leasable space&quot;}],&quot;Accessibility \u0026 Infrastructure&quot;:[{&quot;label&quot;:&quot;Proximity to main roads&quot;,&quot;value&quot;:&quot;Direct access Access&quot;,&quot;description&quot;:&quot;Located on Vía Querévalo near Pan-American Highway&quot;},{&quot;label&quot;:&quot;Public transport access&quot;,&quot;value&quot;:&quot;High Access&quot;,&quot;description&quot;:&quot;Good connectivity via local buses and taxis&quot;},{&quot;label&quot;:&quot;Parking spaces&quot;,&quot;value&quot;:&quot;500 Spaces&quot;,&quot;description&quot;:&quot;Estimated parking capacity for visitors&quot;},{&quot;label&quot;:&quot;Pedestrian traffic&quot;,&quot;value&quot;:&quot;Moderate Traffic&quot;,&quot;description&quot;:&quot;Foot traffic from nearby residential and fair areas&quot;}],&quot;Digital \u0026 E-commerce Trends&quot;:[{&quot;label&quot;:&quot;E-commerce competition&quot;,&quot;value&quot;:&quot;Growing Competition&quot;,&quot;description&quot;:&quot;Increasing online retail presence in Panama&quot;},{&quot;label&quot;:&quot;Click-and-collect adoption&quot;,&quot;value&quot;:&quot;15.0&quot;,&quot;description&quot;:&quot;Estimated adoption rate for in-mall pickups&quot;},{&quot;label&quot;:&quot;Internet penetration&quot;,&quot;value&quot;:&quot;70.0&quot;,&quot;description&quot;:&quot;Percentage of population with internet access in Chiriquí&quot;}],&quot;Safety \u0026 Security&quot;:[{&quot;label&quot;:&quot;Retail crime rate&quot;,&quot;value&quot;:&quot;Low Rate&quot;,&quot;description&quot;:&quot;Low incidence of retail theft in secure malls&quot;},{&quot;label&quot;:&quot;Security measures&quot;,&quot;value&quot;:&quot;CCTV and guards Measures&quot;,&quot;description&quot;:&quot;Comprehensive security including surveillance and personnel&quot;}],&quot;Marketing \u0026 Events&quot;:[{&quot;label&quot;:&quot;Promotional events&quot;,&quot;value&quot;:&quot;Weekly Events&quot;,&quot;description&quot;:&quot;Regular promotions and seasonal events&quot;},{&quot;label&quot;:&quot;Loyalty program penetration&quot;,&quot;value&quot;:&quot;30.0&quot;,&quot;description&quot;:&quot;Estimated participation in mall loyalty programs&quot;},{&quot;label&quot;:&quot;Digital signage presence&quot;,&quot;value&quot;:&quot;Yes Presence&quot;,&quot;description&quot;:&quot;Digital displays for advertising throughout the mall&quot;}],&quot;Growth Potential&quot;:[{&quot;label&quot;:&quot;Projected foot traffic growth&quot;,&quot;value&quot;:&quot;4.0&quot;,&quot;description&quot;:&quot;Expected annual increase in visitors&quot;},{&quot;label&quot;:&quot;New tenant pipeline&quot;,&quot;value&quot;:&quot;Ongoing Pipeline&quot;,&quot;description&quot;:&quot;Active recruitment of new brands&quot;},{&quot;label&quot;:&quot;Mall expansion plans&quot;,&quot;value&quot;:&quot;Planned Plans&quot;,&quot;description&quot;:&quot;Future expansions to add more space and amenities&quot;}]}" data-map-mapbox-token-value="pk.eyJ1Ijoib2NjdXBpIiwiYSI6ImNtZXFkdHZwczBtNjIya215OWVpaGtucXoifQ.xiNo8HmyyKim2YrJ3LdqdQ" data-map-nearby-malls-value="{&quot;primary&quot;:[{&quot;id&quot;:8530,&quot;slug&quot;:&quot;super-baru-plaza&quot;,&quot;name&quot;:&quot;Super Barú Plaza&quot;,&quot;lat&quot;:&quot;8.4335058&quot;,&quot;lng&quot;:&quot;-82.4286621&quot;,&quot;property_type&quot;:&quot;Neighborhood&quot;,&quot;description&quot;:&quot;Super Barú Plaza is a neighborhood shopping center in David, Chiriquí, Panama, constructed in 2015 with 15,000 square meters of gross leasable area over two levels and owned by Super Barú S.A. It accommodates 60 stores, anchored by the Super Barú supermarket and complemented by local retailers specializing in groceries, basic apparel, and essential services. The tenant mix offers medium uniqueness with five distinctive outlets, catering primarily to daily shopping needs in a mid-tier market position. Accessibility is strong with direct entry points and high-quality infrastructure, including 500 parking spaces to facilitate visitor convenience. Footfall metrics show 62,500 monthly visitors, totaling 1.2 million annually, with an average dwell time of 90 minutes and 25 percent repeat visits, supporting reliable traffic for lessees. Rent levels are set at 18 USD per square meter per month, alongside an 8 percent vacancy rate and average available spaces of 1,200 square meters, reflecting stable leasing demand. The 10-kilometer catchment area encompasses 200,000 residents with an average age of 30 years, household size of 3.2, and 2.5 percent annual population growth, bolstered by David citys 160,000 population and 1.5 percent growth rate. In a competitive environment with three malls per 100,000 residents, the property maintains medium operational quality through 12 annual events attracting 20 percent of customers and robust marketing. Leasing advantages include 5 percent projected growth and 10 planned tenants, though drawbacks encompass medium tenant competition, basic security measures like CCTV and guards, low e-commerce penetration at 7.5 percent, and consumer preferences for additional family amenities, diverse dining, and trendy fashion to enhance appeal.&quot;,&quot;city&quot;:{&quot;name&quot;:&quot;David&quot;},&quot;anchor_tenants&quot;:&quot;Super Barú, Local Retailers&quot;,&quot;distance&quot;:3.7,&quot;cover_photo&quot;:null,&quot;key_stats&quot;:{&quot;retail_stores_count&quot;:&quot;60&quot;,&quot;gla_sqm&quot;:&quot;18000&quot;,&quot;anchor_tenants&quot;:&quot;Super Barú, Local Retailers&quot;}},{&quot;id&quot;:7326,&quot;slug&quot;:&quot;plaza-david-norte&quot;,&quot;name&quot;:&quot;Plaza David Norte&quot;,&quot;lat&quot;:&quot;8.4007278&quot;,&quot;lng&quot;:&quot;-82.4427769&quot;,&quot;property_type&quot;:&quot;Shopping Mall&quot;,&quot;description&quot;:&quot;Plaza David Norte is a mid-sized neighborhood shopping center located in the northern section of David, Chiriqui Province, Panama, covering approximately 15,000 square meters of gross leasable area (GLA) across two levels and established in 2015. It primarily serves a local catchment area of about 80,000 residents within a 3-5 km radius, targeting middle-income families and young professionals with average monthly household incomes ranging from $700 to $1,100 and a median age of 30 years. The tenant mix is oriented toward convenience and value retail, with 40% dedicated to essentials such as a mid-tier supermarket (Supermaxi as anchor), 30% to fashion and services including apparel stores, pharmacies, and banks, 20% to food and beverage options in a modest food court featuring local eateries and fast-casual outlets, and the remainder to basic discretionary goods like electronics and opticians. Occupancy levels are maintained at 80-85%, reflecting stable but moderate demand in a competitive regional market. Average base rents are $14-18 per square meter per month, supplemented by $2-3 in common area maintenance fees and potential 7-10% gross sales overages, with annual escalations of 5-7%. Leases typically span 3-5 years, offering flexibility with incentives like 3-6 months of free rent or $200-300 per square meter build-out allowances, making it accessible for small to medium-sized retailers and independent operators. Daily footfall ranges from 4,000 to 6,000 visitors, increasing to 8,000 on weekends, supported by proximity to residential areas and public transit links, though average dwell time is 60 minutes due to limited entertainment amenities. In the market context, it positions as a community-oriented venue emphasizing everyday necessities rather than destination shopping, facing intense competition from larger complexes like Chiriqui Mall and Federal Mall that dominate 60-70% of regional retail spend with superior anchors and entertainment. Accessibility benefits from local roads and on-site parking for 800 vehicles, but challenges include seasonal flooding from high annual rainfall and occasional infrastructure strain. Strengths lie in reliable local traffic for essential categories and lower rent pressures compared to premium centers, while weaknesses encompass limited category diversity, moderate operational quality with aging fixtures, and vulnerability to economic fluctuations tied to agriculture and cross-border trade with Costa Rica. Overall, it offers practical leasing opportunities for resilient, value-driven retailers seeking steady performance without high-growth potential in a saturated essentials sector.&quot;,&quot;city&quot;:{&quot;name&quot;:&quot;David&quot;},&quot;anchor_tenants&quot;:&quot;Supermaxi, Cinemark, Almacenes Siman&quot;,&quot;distance&quot;:4.11,&quot;cover_photo&quot;:null,&quot;key_stats&quot;:{&quot;retail_stores_count&quot;:&quot;65&quot;,&quot;gla_sqm&quot;:&quot;20000&quot;,&quot;anchor_tenants&quot;:&quot;Supermaxi, Cinemark, Almacenes Siman&quot;}},{&quot;id&quot;:7554,&quot;slug&quot;:&quot;centro-comercial-chiriqui&quot;,&quot;name&quot;:&quot;Centro Comercial Chiriqui&quot;,&quot;lat&quot;:&quot;8.4007278&quot;,&quot;lng&quot;:&quot;-82.4427769&quot;,&quot;property_type&quot;:&quot;Shopping Mall&quot;,&quot;description&quot;:&quot;Centro Comercial Chiriqui, situated in David, Chiriqui Province, Panama, serves as a primary retail destination in the western region. Spanning over 150 stores and approximately 25,000 square meters of gross leasable area, the mall was established in the early 2000s and caters to a catchment area encompassing Davids 144,000 residents and the broader Chiriqui provinces 500,000 population. Tenant mix emphasizes everyday essentials and leisure, anchored by Super Baru supermarket, Cines Modernos multiplex cinema, and diverse retailers including apparel outlets like Ela and XimiVogue, electronics at MaxStore, pharmacies such as Farmacias Yadi, and a food court with local Panamanian dishes alongside fast-food chains. Annual visitor footfall reaches about 2 million, driven by promotional events including job fairs, concerts, and childrens activities. Occupancy hovers at 85-90%, consistent with David commercial real estate norms, while base rent levels range from $15 to $22 per square meter monthly, often supplemented by 8-10% percentage rents on sales exceeding thresholds. Accessibility benefits from proximity to major Route 1 highway and residential developments like Urbanizacion La Fontana, though internal parking accommodates around 800 vehicles with occasional peak-hour constraints. In the market context, the mall holds a stable mid-tier position amid Chiriquis agriculture and cross-border trade economy, which supports 4-6% yearly retail sales growth per regional reports. Leasing advantages encompass reliable midweek traffic from local families and cost-effective entry compared to Panama City, alongside opportunities in under-served categories like health services. Drawbacks include competition from newer venues like Federal Mall, featuring superior modern infrastructure and higher-end tenant mixes, potential aging elements such as outdated HVAC systems necessitating capex, and risks from market saturation in apparel and electronics, where e-commerce penetration has risen to 15% in the province. Overall, the property suits value-oriented retailers targeting middle-income demographics, but requires vigilance on economic ties to Costa Rica border fluctuations.&quot;,&quot;city&quot;:{&quot;name&quot;:&quot;David&quot;},&quot;anchor_tenants&quot;:&quot;Super Barú, Cines Modernos, SportLine America&quot;,&quot;distance&quot;:4.11,&quot;cover_photo&quot;:null,&quot;key_stats&quot;:{&quot;retail_stores_count&quot;:&quot;150&quot;,&quot;gla_sqm&quot;:&quot;50000&quot;,&quot;anchor_tenants&quot;:&quot;Super Barú, Cines Modernos, SportLine America&quot;}},{&quot;id&quot;:6684,&quot;slug&quot;:&quot;plaza-galeria-central&quot;,&quot;name&quot;:&quot;Plaza Galería Central&quot;,&quot;lat&quot;:&quot;8.4309395&quot;,&quot;lng&quot;:&quot;-82.430206&quot;,&quot;property_type&quot;:&quot;Shopping Centre&quot;,&quot;description&quot;:&quot;Plaza Galería Central occupies a full block in central David, Chiriquí Province, Panama, near the banking district with access from four high-traffic streets, enhancing visibility and customer reach. The property features modern design elements, including floor-to-ceiling glass panels on commercial spaces for optimal display and advertising. Available retail spaces start at 30 square meters on ground and upper levels, while offices begin at 35 square meters, with rental rates from approximately $325 monthly, offering flexibility for various business sizes. Tenant mix encompasses clothing retailers, established brands, restaurants, cafes, pharmacies, jewelry outlets, and convenience stores, creating a balanced environment for shopping, dining, and services. In David\&quot;s retail market, serving a local population of about 144,000 and regional visitors including cross-border traffic from Costa Rica, the plaza holds a strong position as a recognizable hub amid a growing economy in western Panama, where retail sales have shown steady recovery post-2020. Leasing advantages include high foot traffic from proximate financial activities, ample parking options, reliable utilities such as municipal water and internet, and adaptability for food and service operations without restrictions. Potential risks involve competition from larger regional malls and occasional operational hiccups like limited upper-floor elevator access via stairs only. Overall, it provides practical opportunities for retailers targeting middle-income consumers in a vibrant border economy.&quot;,&quot;city&quot;:{&quot;name&quot;:&quot;David&quot;},&quot;anchor_tenants&quot;:&quot;Librería Matilda, Velez, Raices de Panama&quot;,&quot;distance&quot;:3.53,&quot;cover_photo&quot;:null,&quot;key_stats&quot;:{&quot;retail_stores_count&quot;:&quot;60&quot;,&quot;gla_sqm&quot;:&quot;4000&quot;,&quot;anchor_tenants&quot;:&quot;Librería Matilda, Velez, Raices de Panama&quot;}},{&quot;id&quot;:8163,&quot;slug&quot;:&quot;plaza-david&quot;,&quot;name&quot;:&quot;Plaza David&quot;,&quot;lat&quot;:&quot;8.4007278&quot;,&quot;lng&quot;:&quot;-82.4427769&quot;,&quot;property_type&quot;:&quot;Shopping Centre&quot;,&quot;description&quot;:&quot;Centro Comercial David Plaza, located in David, Chiriqui Province, Panama, is a mid-sized retail complex spanning 25,000 square meters across two levels with approximately 60 stores. Positioned near the Pan-American Highway, it provides accessibility through public transport links and 500 on-site parking spaces, though peak-hour traffic congestion presents challenges. The tenant mix comprises 40% essentials including a mid-tier supermarket anchor, 30% services such as pharmacies and banks, and 30% discretionary goods like apparel stores and local eateries. Occupancy rates are 85-90%, with average monthly footfall of 50,000 visitors and annual sales per square meter at $4,500. Rent levels range from $16-20 per square meter monthly, plus $2-4 in common area maintenance fees, appealing to small and medium retailers. The catchment area within 5 km serves 150,000 residents, focusing on middle-income families aged 25-55 with average household incomes of $1,000-1,500 monthly, in a region driven by agriculture and cross-border trade with Costa Rica. As a community-oriented venue, it benefits from stable local demand but contends with intense competition from larger centers like Federal Mall and City Mall. Leasing advantages include flexible 3-5 year terms with renewal options and low entry barriers for emerging brands, while drawbacks involve aging infrastructure from 2005-2010 construction, limited entertainment options capping dwell time at 90 minutes, and exposure to economic volatility in tourism and border dynamics.&quot;,&quot;city&quot;:{&quot;name&quot;:&quot;David&quot;},&quot;anchor_tenants&quot;:&quot;Supermaxi, Cinemark, Almacenes Siman&quot;,&quot;distance&quot;:4.11,&quot;cover_photo&quot;:null,&quot;key_stats&quot;:{&quot;retail_stores_count&quot;:&quot;60&quot;,&quot;gla_sqm&quot;:&quot;25000&quot;,&quot;anchor_tenants&quot;:&quot;Supermaxi, Cinemark, Almacenes Siman&quot;}},{&quot;id&quot;:7135,&quot;slug&quot;:&quot;multiplaza-david&quot;,&quot;name&quot;:&quot;Multiplaza David&quot;,&quot;lat&quot;:&quot;8.4007278&quot;,&quot;lng&quot;:&quot;-82.4427769&quot;,&quot;property_type&quot;:&quot;Shopping Mall&quot;,&quot;description&quot;:&quot;Multiplaza David is a regional shopping center in David, Chiriqui Province, Panama, catering to local residents and visitors from nearby areas including the Costa Rica border. Spanning approximately 30,000 square meters of gross leasable area, it features around 70-80 stores with a balanced tenant mix that includes anchor tenants such as supermarkets like Super 99 and department stores, alongside mid-range fashion outlets, electronics shops, and specialty retailers. The food and beverage section comprises over 10 eateries offering a variety of local Panamanian dishes and international fast food options. Entertainment amenities include a multi-screen cinema operated by Cinemark, contributing to its appeal as a family destination. Occupancy rates hover around 88-92% based on recent commercial real estate assessments, reflecting stable demand in a market with moderate growth. Accessibility is facilitated by its location on major avenues like Avenida Obaldia, with over 700 parking spaces and proximity to public transportation routes. The demographic profile of the area includes a population of about 160,000 in David, characterized by middle-income households averaging $1,000-1,500 monthly, young families, and a growing expatriate community drawn to Chiriquis natural attractions like Boquete. Market position is solid as a community-oriented mall, benefiting from cross-border shopping traffic that adds 15-20% to weekday footfall. Leasing opportunities present advantages such as competitive base rents of $15-22 per square meter per month, percentage rents on sales over thresholds, and promotional support from mall management. However, drawbacks include competition from larger nearby centers like City Mall David and Federal Mall, which offer more diverse high-end options, potential slowdowns in footfall during off-peak agricultural seasons, and regional risks from economic ties to coffee and banana exports. Infrastructure is functional but shows signs of aging in common areas, requiring periodic investments. Overall, it suits retailers targeting value-conscious consumers in a stable, growing secondary market outside Panama City.&quot;,&quot;city&quot;:{&quot;name&quot;:&quot;David&quot;},&quot;anchor_tenants&quot;:&quot;Supermaxi, Cinemark, Almacenes Siman&quot;,&quot;distance&quot;:4.11,&quot;cover_photo&quot;:null,&quot;key_stats&quot;:{&quot;retail_stores_count&quot;:&quot;60&quot;,&quot;gla_sqm&quot;:&quot;38000&quot;,&quot;anchor_tenants&quot;:&quot;Supermaxi, Cinemark, Almacenes Siman&quot;}}],&quot;secondary&quot;:[{&quot;id&quot;:7136,&quot;slug&quot;:&quot;town-center-david&quot;,&quot;name&quot;:&quot;Town Center David&quot;,&quot;lat&quot;:&quot;8.537&quot;,&quot;lng&quot;:&quot;-82.469&quot;,&quot;property_type&quot;:&quot;Shopping Mall&quot;,&quot;description&quot;:&quot;Town Center David is a newly constructed commercial plaza situated along the Pan-American Highway in central David, Chiriqui Province, Panama. This location provides excellent visibility and access for local commuters, cross-border visitors from Costa Rica, and tourists en route to Boquete or Pacific beaches. The development offers flexible retail spaces from 50 square meters upward, suitable for small to medium-sized retailers in categories such as fashion, food services, and consumer goods. As an emerging property in a mature market, it positions itself to intercept highway traffic, estimated at 25,000 vehicles daily. Tenant mix is developing, with early commitments from local brands and quick-service outlets, complementing the areas diverse retail ecosystem. Leasing advantages include competitive base rents of $15 to $25 per square meter monthly, based on comparable David properties, along with build-out allowances and short-term flexibility for startups. The plaza features ample surface parking for 200 vehicles and modern facades for enhanced appeal. David serves as Panamas second-largest city with a population exceeding 160,000, driven by agriculture, trade, and tourism, supporting average mall footfall of 10,000 to 15,000 visitors per day across competitors. Occupancy stands at approximately 40 percent post-opening, with projections for 75 percent within 12 months. Market factors include steady regional growth at 3-4 percent annually, but challenges encompass competition from established centers like Federal Mall and City Mall, potential economic slowdowns near the border, and seasonal variations in visitor numbers. Infrastructure supports reliable access, though rainy season may impact external areas. Overall, the property offers balanced potential for tenants targeting convenience-driven retail amid a saturated yet dynamic landscape.&quot;,&quot;city&quot;:{&quot;name&quot;:&quot;David&quot;},&quot;anchor_tenants&quot;:&quot;CityMall Supermarket, Department Stores&quot;,&quot;distance&quot;:11.68,&quot;cover_photo&quot;:null,&quot;key_stats&quot;:{&quot;retail_stores_count&quot;:&quot;120&quot;,&quot;gla_sqm&quot;:&quot;50000&quot;,&quot;anchor_tenants&quot;:&quot;CityMall Supermarket, Department Stores&quot;}},{&quot;id&quot;:7331,&quot;slug&quot;:&quot;plaza-chiriqui&quot;,&quot;name&quot;:&quot;Plaza Chiriqui&quot;,&quot;lat&quot;:&quot;8.4002557&quot;,&quot;lng&quot;:&quot;-82.4224482&quot;,&quot;property_type&quot;:&quot;Shopping Mall&quot;,&quot;description&quot;:&quot;Plaza Chiriqui, located in San Pablo Viejo on the Via Panamericana in David, Chiriqui Province, Panama, serves as a key retail destination on the western side of the city. This mall features over 50 commercial spaces ranging from 75 square meters to 860 square meters, accommodating a mix of local and international tenants including apparel, footwear, jewelry, electronics, and furniture retailers. It includes a supermarket, food court offering fast food and traditional Panamanian cuisine, a six-screen cinema, arcade, and service offices. Recent remodeling efforts have introduced central air conditioning and enhanced amenities to maintain competitiveness. The property benefits from high visibility and accessibility via the Inter-American Highway, attracting local residents, cross-border shoppers from Costa Rica, and regional visitors. David, with a population exceeding 150,000, exhibits steady growth driven by agriculture, trade, and tourism, supporting retail demand. Occupancy rates in comparable David properties range from 85% to 95%, reflecting stable market conditions. Rent levels typically fall between $12 and $18 per square meter monthly, influenced by space size and location within the mall. Leasing advantages include flexible space options and proximity to high-traffic routes, potentially yielding footfall of several thousand daily visitors during peak periods. However, the market faces saturation with newer competitors like Federal Mall, which boasts 150 stores and modern facilities, potentially diverting premium traffic. Infrastructure challenges may persist in less renovated areas, and economic fluctuations in agriculture could impact consumer spending. Overall, Plaza Chiriqui positions retailers for exposure to a diverse demographic while requiring strategic tenant mix alignment to counter competition and optimize performance metrics such as sales per square foot.&quot;,&quot;city&quot;:{&quot;name&quot;:&quot;David&quot;},&quot;anchor_tenants&quot;:&quot;Super Barú, Cines Modernos, Smartfit&quot;,&quot;distance&quot;:5.64,&quot;cover_photo&quot;:null,&quot;key_stats&quot;:{&quot;retail_stores_count&quot;:&quot;60&quot;,&quot;gla_sqm&quot;:&quot;25000&quot;,&quot;anchor_tenants&quot;:&quot;Super Barú, Cines Modernos, Smartfit&quot;}}],&quot;outside&quot;:[{&quot;id&quot;:7560,&quot;slug&quot;:&quot;centro-comercial-david-plaza&quot;,&quot;name&quot;:&quot;Centro Comercial David Plaza&quot;,&quot;lat&quot;:&quot;8.43&quot;,&quot;lng&quot;:&quot;-82.68&quot;,&quot;property_type&quot;:&quot;Shopping Centre&quot;,&quot;description&quot;:&quot;Centro Comercial David Plaza is a mid-sized retail complex located in David, Chiriqui Province, Panama, covering 25,000 square meters over two levels with 35-40 tenant spaces and an occupancy rate of 85-90%. Built around 2005-2010, it caters to a catchment area of 150,000-160,000 residents within 5-20 km, including cross-border shoppers from Costa Rica, in an economy driven by agriculture, trade, and tourism. The tenant mix emphasizes value retail: 40% essentials (mid-tier supermarket anchor, pharmacies, groceries), 30% services (banks, clinics), and 30% discretionary (apparel, electronics, local eateries), with limited luxury or entertainment options. Positioned as a community shopping venue, it faces intense competition from larger malls like Federal Mall (150 stores, 90% occupancy) and City Mall, contributing to high market saturation in key categories. Accessibility via Pan-American Highway includes 400-500 parking spaces and public transport links, but peak-hour congestion and delivery bottlenecks present challenges. Demographics target middle-income families aged 25-55 with average household income of $1,000-1,500 monthly and 3-person households. Footfall averages 700-1,100 daily visitors (900,000 annually), with 25% conversion and 90-minute dwell time, supporting steady demand for practical goods but capping high-margin sales at $4,500 per sqm annually. Rent levels are $16-20 per sqm per month plus $2-4 CAM fees, with 3-5 year leases offering flexibility for small-medium retailers. Advantages include consistent local traffic and niche essentials focus; drawbacks involve category saturation, weak events programming (12 annually), aging infrastructure, and economic risks from 7.5% unemployment and tourism fluctuations.&quot;,&quot;city&quot;:{&quot;name&quot;:&quot;David&quot;},&quot;anchor_tenants&quot;:&quot;Supermarket X, Clothing Store Y&quot;,&quot;distance&quot;:23.94,&quot;cover_photo&quot;:null,&quot;key_stats&quot;:{&quot;retail_stores_count&quot;:&quot;60&quot;,&quot;gla_sqm&quot;:&quot;12000&quot;,&quot;anchor_tenants&quot;:&quot;Supermarket X, Clothing Store Y&quot;}}]}" data-map-update-url-value="/malls/city-mall-david" id="mall-map-wrapper"><div data-city="David" data-current-mall="true" data-id="city-mall-david" data-lat="8.4322029" data-lng="-82.4623183" data-map-target="mall" data-name="City Mall David" style="display: none;"></div><div data-map-target="map" id="map"></div><div class="demographic-panel collapsed" data-map-target="demographicPanel"><div class="panel-header"><h4><i aria-hidden="true" class="ri-bar-chart-line"></i> Market Demographics</h4><button class="toggle-btn" onclick="this.parentElement.parentElement.classList.toggle(&quot;collapsed&quot;)"><i aria-hidden="true" class="ri-arrow-down-s-line"></i></button></div><div class="panel-content"><div class="stats-category"><h5>Mall Demographics</h5><div class="stats-grid"><div class="stat-card"><div class="stat-value">5 km</div><div class="stat-label">Primary Catchment Area</div></div><div class="stat-card"><div class="stat-value">20 km</div><div class="stat-label">Secondary Catchment Area</div></div><div class="stat-card"><div class="stat-value">200,000 People</div><div class="stat-label">Catchment area population</div></div><div class="stat-card"><div class="stat-value">1.5</div><div class="stat-label">Population growth rate</div></div></div></div><div class="stats-category"><h5>Economic Indicators</h5><div class="stats-grid"><div class="stat-card"><div class="stat-value">14,400 USD per year</div><div class="stat-label">Median household income</div></div><div class="stat-card"><div class="stat-value">5.0</div><div class="stat-label">Unemployment rate</div></div><div class="stat-card"><div class="stat-value">45 (NYC=100)</div><div class="stat-label">Cost of living index</div></div></div></div><div class="stats-category"><h5>Consumer Spending</h5><div class="stats-grid"><div class="stat-card"><div class="stat-value">1,000 USD per year</div><div class="stat-label">Retail spending per capita</div></div><div class="stat-card"><div class="stat-value">200 USD per year</div><div class="stat-label">Spending on apparel</div></div><div class="stat-card"><div class="stat-value">1,500 USD per year</div><div class="stat-label">Spending on groceries</div></div><div class="stat-card"><div class="stat-value">300 USD per year</div><div class="stat-label">Spending on electronics</div></div></div></div><div class="stats-category"><h5>Mall Traffic &amp; Performance</h5><div class="stats-grid"><div class="stat-card"><div class="stat-value">5,000,000 Visitors</div><div class="stat-label">Annual foot traffic</div></div><div class="stat-card"><div class="stat-value">120 Minutes</div><div class="stat-label">Dwell time</div></div><div class="stat-card"><div class="stat-value">20.0</div><div class="stat-label">Conversion rate</div></div><div class="stat-card"><div class="stat-value">500 USD per month</div><div class="stat-label">Sales per square meter</div></div></div></div><div class="stats-category"><h5>Competition &amp; Tenant Mix</h5><div class="stats-grid"><div class="stat-card"><div class="stat-value">80 Stores</div><div class="stat-label">Number of retail stores</div></div><div class="stat-card"><div class="stat-value">Yes Presence</div><div class="stat-label">Anchor tenant presence</div></div><div class="stat-card"><div class="stat-value">3 Malls per 100,000 people</div><div class="stat-label">Competitor density (same category)</div></div><div class="stat-card"><div class="stat-value">High Level</div><div class="stat-label">Tenant diversity</div></div></div></div><div class="stats-category"><h5>Real Estate &amp; Leasing</h5><div class="stats-grid"><div class="stat-card"><div class="stat-value">12,000 sqm</div><div class="stat-label">Gross Leasable Area</div></div><div class="stat-card"><div class="stat-value">2 Levels</div><div class="stat-label">Number of Levels</div></div><div class="stat-card"><div class="stat-value">20 USD per month</div><div class="stat-label">Average rent per square meter</div></div><div class="stat-card"><div class="stat-value">5.0</div><div class="stat-label">Vacancy rate</div></div></div></div><div class="stats-category"><h5>Accessibility &amp; Infrastructure</h5><div class="stats-grid"><div class="stat-card"><div class="stat-value">Direct access Access</div><div class="stat-label">Proximity to main roads</div></div><div class="stat-card"><div class="stat-value">High Access</div><div class="stat-label">Public transport access</div></div><div class="stat-card"><div class="stat-value">500 Spaces</div><div class="stat-label">Parking spaces</div></div><div class="stat-card"><div class="stat-value">Moderate Traffic</div><div class="stat-label">Pedestrian traffic</div></div></div></div><div class="stats-category"><h5>Digital &amp; E-commerce Trends</h5><div class="stats-grid"><div class="stat-card"><div class="stat-value">Growing Competition</div><div class="stat-label">E-commerce competition</div></div><div class="stat-card"><div class="stat-value">15.0</div><div class="stat-label">Click-and-collect adoption</div></div><div class="stat-card"><div class="stat-value">70.0</div><div class="stat-label">Internet penetration</div></div></div></div><div class="stats-category"><h5>Safety &amp; Security</h5><div class="stats-grid"><div class="stat-card"><div class="stat-value">Low Rate</div><div class="stat-label">Retail crime rate</div></div><div class="stat-card"><div class="stat-value">CCTV and guards Measures</div><div class="stat-label">Security measures</div></div></div></div><div class="stats-category"><h5>Marketing &amp; Events</h5><div class="stats-grid"><div class="stat-card"><div class="stat-value">Weekly Events</div><div class="stat-label">Promotional events</div></div><div class="stat-card"><div class="stat-value">30.0</div><div class="stat-label">Loyalty program penetration</div></div><div class="stat-card"><div class="stat-value">Yes Presence</div><div class="stat-label">Digital signage presence</div></div></div></div><div class="stats-category"><h5>Growth Potential</h5><div class="stats-grid"><div class="stat-card"><div class="stat-value">4.0</div><div class="stat-label">Projected foot traffic growth</div></div><div class="stat-card"><div class="stat-value">Ongoing Pipeline</div><div class="stat-label">New tenant pipeline</div></div><div class="stat-card"><div class="stat-value">Planned Plans</div><div class="stat-label">Mall expansion plans</div></div></div></div></div></div></div></template></turbo-stream>