<turbo-stream action="replace" target="mall-map-wrapper"><template><div data-controller="map" data-lat="8.3788583" data-lng="-80.1645207" data-map-catchment-data-value="{&quot;lat&quot;:&quot;8.3788583&quot;,&quot;lng&quot;:&quot;-80.1645207&quot;,&quot;primary_radius&quot;:5.0,&quot;secondary_radius&quot;:15.0,&quot;population&quot;:50000}" data-map-demographic-summary-value="{&quot;Mall Demographics&quot;:[{&quot;label&quot;:&quot;Primary Catchment Area&quot;,&quot;value&quot;:&quot;10 km radius km&quot;,&quot;description&quot;:&quot;Local area serving immediate customers around Río Hato&quot;},{&quot;label&quot;:&quot;Secondary Catchment Area&quot;,&quot;value&quot;:&quot;50 km radius km&quot;,&quot;description&quot;:&quot;Broader area including Coclé Province and nearby tourist spots&quot;},{&quot;label&quot;:&quot;Catchment area population&quot;,&quot;value&quot;:&quot;50,000 People&quot;,&quot;description&quot;:&quot;Estimated population in primary and secondary catchment, including locals and tourists&quot;},{&quot;label&quot;:&quot;Population growth rate&quot;,&quot;value&quot;:&quot;1.5&quot;,&quot;description&quot;:&quot;Annual growth rate for Coclé Province area&quot;},{&quot;label&quot;:&quot;Median age&quot;,&quot;value&quot;:&quot;30 Years&quot;,&quot;description&quot;:&quot;Median age in Panama, adjusted for rural/tourist area&quot;},{&quot;label&quot;:&quot;Household size&quot;,&quot;value&quot;:&quot;3.2 Persons&quot;,&quot;description&quot;:&quot;Average household size in Panama&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&quot;}],&quot;Economic Indicators&quot;:[{&quot;label&quot;:&quot;Median household income&quot;,&quot;value&quot;:&quot;10,000 USD per year&quot;,&quot;description&quot;:&quot;Estimated for Coclé Province, lower than national average of 15,000&quot;},{&quot;label&quot;:&quot;Unemployment rate&quot;,&quot;value&quot;:&quot;8.4&quot;,&quot;description&quot;:&quot;National unemployment rate for Panama&quot;},{&quot;label&quot;:&quot;Cost of living index&quot;,&quot;value&quot;:&quot;65 Index (US=100)&quot;,&quot;description&quot;:&quot;Cost of living in Panama, lower than urban areas&quot;}],&quot;Consumer Spending&quot;:[{&quot;label&quot;:&quot;Retail spending per capita&quot;,&quot;value&quot;:&quot;2,500 USD per year&quot;,&quot;description&quot;:&quot;Estimated annual retail spending per person in Panama&quot;},{&quot;label&quot;:&quot;Spending on apparel&quot;,&quot;value&quot;:&quot;500 USD per capita&quot;,&quot;description&quot;:&quot;Estimated share of retail spending on clothing&quot;},{&quot;label&quot;:&quot;Spending on groceries&quot;,&quot;value&quot;:&quot;1,000 USD per capita&quot;,&quot;description&quot;:&quot;Estimated grocery spending per person&quot;},{&quot;label&quot;:&quot;Spending on electronics&quot;,&quot;value&quot;:&quot;300 USD per capita&quot;,&quot;description&quot;:&quot;Estimated electronics spending per person&quot;}],&quot;Mall Traffic \u0026 Performance&quot;:[{&quot;label&quot;:&quot;Annual foot traffic&quot;,&quot;value&quot;:&quot;500,000 Visitors&quot;,&quot;description&quot;:&quot;Estimated yearly visitors for small regional mall&quot;},{&quot;label&quot;:&quot;Dwell time&quot;,&quot;value&quot;:&quot;1.5 Hours&quot;,&quot;description&quot;:&quot;Average time shoppers spend in the mall&quot;},{&quot;label&quot;:&quot;Conversion rate&quot;,&quot;value&quot;:&quot;25.0&quot;,&quot;description&quot;:&quot;Percentage of visitors making a purchase&quot;},{&quot;label&quot;:&quot;Sales per square meter&quot;,&quot;value&quot;:&quot;5,000 USD per year&quot;,&quot;description&quot;:&quot;Annual sales per sqm, lower than prime Panama City malls&quot;}],&quot;Competition \u0026 Tenant Mix&quot;:[{&quot;label&quot;:&quot;Number of retail stores&quot;,&quot;value&quot;:&quot;25 Stores&quot;,&quot;description&quot;:&quot;Estimated number of shops in the mall&quot;},{&quot;label&quot;:&quot;Anchor tenant presence&quot;,&quot;value&quot;:&quot;Yes Presence&quot;,&quot;description&quot;:&quot;Super 99 as main anchor supermarket&quot;},{&quot;label&quot;:&quot;Competitor density (same category)&quot;,&quot;value&quot;:&quot;Low Density&quot;,&quot;description&quot;:&quot;Few competing malls in rural Coclé area&quot;},{&quot;label&quot;:&quot;Tenant diversity&quot;,&quot;value&quot;:&quot;Medium Diversity&quot;,&quot;description&quot;:&quot;Mix of grocery, apparel, services, and local shops&quot;},{&quot;label&quot;:&quot;Unique Concepts&quot;,&quot;value&quot;:&quot;Beachwear and tourist shops Concepts&quot;,&quot;description&quot;:&quot;Specialized stores for nearby beach visitors&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&quot;},{&quot;label&quot;:&quot;Number of Levels&quot;,&quot;value&quot;:&quot;1 Levels&quot;,&quot;description&quot;:&quot;Single-level open-air style mall&quot;},{&quot;label&quot;:&quot;Average rent per square meter&quot;,&quot;value&quot;:&quot;25 USD per month&quot;,&quot;description&quot;:&quot;Monthly rent for retail space&quot;},{&quot;label&quot;:&quot;Vacancy rate&quot;,&quot;value&quot;:&quot;5.0&quot;,&quot;description&quot;:&quot;Low vacancy due to tourist demand&quot;},{&quot;label&quot;:&quot;Lease term flexibility&quot;,&quot;value&quot;:&quot;Medium Flexibility&quot;,&quot;description&quot;:&quot;Standard 3-5 year leases with options&quot;},{&quot;label&quot;:&quot;Available retail space&quot;,&quot;value&quot;:&quot;1,000 sqm&quot;,&quot;description&quot;:&quot;Current available space estimate&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 Pan-American Highway&quot;},{&quot;label&quot;:&quot;Public transport access&quot;,&quot;value&quot;:&quot;Limited Access&quot;,&quot;description&quot;:&quot;Bus services but car-dependent area&quot;},{&quot;label&quot;:&quot;Parking spaces&quot;,&quot;value&quot;:&quot;500 Spaces&quot;,&quot;description&quot;:&quot;Ample parking for shoppers and tourists&quot;},{&quot;label&quot;:&quot;Pedestrian traffic&quot;,&quot;value&quot;:&quot;Medium Traffic&quot;,&quot;description&quot;:&quot;Good for locals and beachgoers&quot;}],&quot;Digital \u0026 E-commerce Trends&quot;:[{&quot;label&quot;:&quot;E-commerce competition&quot;,&quot;value&quot;:&quot;Medium Competition&quot;,&quot;description&quot;:&quot;Growing online retail in Panama&quot;},{&quot;label&quot;:&quot;Click-and-collect adoption&quot;,&quot;value&quot;:&quot;20.0&quot;,&quot;description&quot;:&quot;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;Internet access in Panama households&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;Safer rural area compared to cities&quot;},{&quot;label&quot;:&quot;Security measures&quot;,&quot;value&quot;:&quot;CCTV and guards Measures&quot;,&quot;description&quot;:&quot;Standard security for malls&quot;}],&quot;Marketing \u0026 Events&quot;:[{&quot;label&quot;:&quot;Promotional events&quot;,&quot;value&quot;:&quot;Seasonal beach promotions Events&quot;,&quot;description&quot;:&quot;Events tied to tourist seasons&quot;},{&quot;label&quot;:&quot;Loyalty program penetration&quot;,&quot;value&quot;:&quot;15.0&quot;,&quot;description&quot;:&quot;Participation in 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 ads&quot;}],&quot;Growth Potential&quot;:[{&quot;label&quot;:&quot;Projected foot traffic growth&quot;,&quot;value&quot;:&quot;3.0&quot;,&quot;description&quot;:&quot;Growth from tourism development&quot;},{&quot;label&quot;:&quot;New tenant pipeline&quot;,&quot;value&quot;:&quot;5 Tenants&quot;,&quot;description&quot;:&quot;Planned new stores&quot;},{&quot;label&quot;:&quot;Mall expansion plans&quot;,&quot;value&quot;:&quot;None immediate Plans&quot;,&quot;description&quot;:&quot;Potential future expansion with tourism&quot;}]}" data-map-mapbox-token-value="pk.eyJ1Ijoib2NjdXBpIiwiYSI6ImNtZXFkdHZwczBtNjIya215OWVpaGtucXoifQ.xiNo8HmyyKim2YrJ3LdqdQ" data-map-nearby-malls-value="{&quot;primary&quot;:[{&quot;id&quot;:8215,&quot;slug&quot;:&quot;las-mareas-shopping&quot;,&quot;name&quot;:&quot;Las Mareas Shopping&quot;,&quot;lat&quot;:&quot;8.38333&quot;,&quot;lng&quot;:&quot;-80.1667&quot;,&quot;property_type&quot;:&quot;Shopping Mall&quot;,&quot;description&quot;:&quot;Centro Comercial Las Mareas is a small-scale shopping center in Río Hato, Coclé Province, Panama, positioned at the town entrance along the Pan-American Highway, about 10 km from Scarlett Martínez International Airport and 1.5 hours from Panama City. With a gross leasable area of approximately 15,000 sq m across one level and around 25 stores, it serves as a convenience-oriented retail hub for local residents and tourists visiting nearby beaches like Playa Blanca and resorts such as Buenaventura. The tenant mix focuses on everyday essentials, comprising 40% groceries anchored by Super 99 supermarket, 20% health and pharmacy with Arrocha, 15% home improvement via Novey, and 25% services, apparel, food outlets, and local boutiques including beachwear shops, quick-service eateries, electronics, banks, and a cinema. This composition drives steady local traffic while catering to seasonal visitors, with anchors accounting for 70% of footfall. Market position benefits from low local competition and proximity to growing tourism infrastructure, with annual visitor totals around 500,000, though footfall varies seasonally from 4,000-6,000 daily in high season (December-April) to 1,500-2,500 off-peak. Occupancy remains stable at 85-90%, supported by demand for affordable spaces in this secondary market. Leasing advantages include competitive rents of $10-15 per sq m monthly, below Panama City averages of $20-30, with typical 3-5 year terms, 8-10% sales turnover clauses, and flexible gray shell fit-outs; available units range from 69-176 sq m. However, challenges include seasonal volatility tied to tourism, over-reliance on anchor tenants, potential infrastructure maintenance needs since its 2018 opening, and exposure to economic slowdowns or e-commerce in Panama&#39;s coastal areas. The center&#39;s operational quality is functional with air-conditioned spaces, basic security, and ample parking for 150-200 vehicles, but public transit is limited, and highway access can bottleneck during peaks. Overall, it offers practical opportunities for retailers in essentials categories amid 3% annual area growth, balanced against risks from weather disruptions and category saturation in basics.&quot;,&quot;city&quot;:{&quot;name&quot;:&quot;Río Hato&quot;},&quot;anchor_tenants&quot;:&quot;Super 99, Arrocha, Novey, Riba Smith, Local Cinema&quot;,&quot;distance&quot;:0.55,&quot;cover_photo&quot;:null,&quot;key_stats&quot;:{&quot;retail_stores_count&quot;:&quot;80&quot;,&quot;gla_sqm&quot;:&quot;15000&quot;,&quot;anchor_tenants&quot;:&quot;Super 99, Arrocha, Novey, Riba Smith, Local Cinema&quot;}}],&quot;secondary&quot;:[{&quot;id&quot;:8474,&quot;slug&quot;:&quot;centro-comercial-anton-valley&quot;,&quot;name&quot;:&quot;Centro Comercial Anton Valley&quot;,&quot;lat&quot;:&quot;8.398295&quot;,&quot;lng&quot;:&quot;-80.264703&quot;,&quot;property_type&quot;:&quot;Shopping Centre&quot;,&quot;description&quot;:&quot;Centro Comercial Anton Valley is a small shopping center located in Antón, Coclé Province, Panama, serving the local community of approximately 7,600 residents in the nearby El Valle de Antón area, characterized by a population growth rate of 1.2 percent and a demographic profile with 28 percent under 14 years old and 64 percent aged 15 to 64. Opened in 2021, the property features a gross leasable area of 1,500 square meters and 50 parking spaces, positioning it as a neighborhood retail hub rather than a regional destination. Average monthly footfall stands at 8,333 visitors, with 40 percent visiting for shopping, 35 percent for dining, and 25 percent for home decor, indicating a balanced but modest traffic level influenced by the areas agricultural economy and proximity to the tourist-attracting El Valle de Antón crater. The tenant mix is anchored by a supermarket and several restaurants, supplemented by potential spaces for clothing, family amenities, and sustainable fashion outlets, reflecting consumer interests in affordable trendy apparel, international cuisine, and child-friendly features. Accessibility is facilitated by its location along the Pan-American Highway, though public transport options are limited in this rural setting. Occupancy data is not publicly detailed, but the centers recent construction suggests stable leasing interest amid low market saturation. Rent levels are likely competitive for Panama secondary markets, estimated below national averages of 15 to 25 dollars per square meter monthly based on similar properties, offering advantages for retailers seeking low-entry costs in underserved areas. However, challenges include seasonal tourism fluctuations, limited draw from Panama City 100 kilometers away, and risks from economic dependence on agriculture, which could impact consumer spending. Operational quality appears modern given the build year, but infrastructure scalability may constrain expansion. Overall, the center suits budget-conscious retailers targeting local families and visitors, with strengths in minimal competition but drawbacks in scale and traffic volume compared to urban malls.&quot;,&quot;city&quot;:{&quot;name&quot;:&quot;Antón&quot;},&quot;anchor_tenants&quot;:&quot;Supermercado, Restaurantes&quot;,&quot;distance&quot;:11.23,&quot;cover_photo&quot;:null,&quot;key_stats&quot;:{&quot;retail_stores_count&quot;:&quot;25&quot;,&quot;gla_sqm&quot;:&quot;1500&quot;,&quot;anchor_tenants&quot;:&quot;Supermercado, Restaurantes&quot;}}],&quot;outside&quot;:[{&quot;id&quot;:8259,&quot;slug&quot;:&quot;paseo-el-valle&quot;,&quot;name&quot;:&quot;Paseo El Valle&quot;,&quot;lat&quot;:&quot;8.6004714&quot;,&quot;lng&quot;:&quot;-80.1197075&quot;,&quot;property_type&quot;:&quot;Shopping Centre&quot;,&quot;description&quot;:&quot;Paseo El Valle is a commercial plaza located in El Valle de Anton, Coclé Province, Panama, within a unique volcanic crater setting known for its cool climate and natural attractions. Opened in early 2021 as the areas first dedicated shopping center, it spans a modest size with approximately 20-30 retail units, integrating commerce, leisure, and community spaces. Key features include ample free parking, a supermarket as an anchor tenant, various restaurants and cafes offering local and international cuisine, a gym for fitness enthusiasts, artisan shops selling crafts, and adjacent luxury suites for short-term stays. The tenant mix emphasizes everyday essentials alongside tourism-oriented services, such as a visitor center providing information on hiking trails, birdwatching, and biodiversity hotspots. Positioned just 5 minutes from the town center and about 90 minutes drive from Panama City, it benefits from the towns 7,600 resident population, supplemented by weekend tourists and expats drawn to the areas outdoor lifestyle. Market position is strong as the dominant retail hub in a low-density rural-tourist area, with limited competition from informal markets or roadside vendors. Occupancy rates appear high, estimated at 85-95 percent based on visible activity and recent development, reflecting demand for modern retail in an underserved locale. Rent levels are competitive for Panama standards, ranging from $15-25 per square meter annually for ground-floor spaces, lower than urban centers like Panama Citys $40-60 per square meter, making it attractive for small retailers targeting middle-income locals and visitors. Accessibility is good via the main highway, though public transport is limited, favoring car-dependent shoppers. Leasing advantages include flexible terms for new tenants, potential for co-marketing with tourism boards, and resilience to economic downturns due to essential retail focus. However, challenges include seasonal footfall fluctuations, with peaks during dry season holidays and drops in rainy periods, and reliance on Panama City influxes amid rising fuel costs.&quot;,&quot;city&quot;:{&quot;name&quot;:&quot;El Valle De Antón&quot;},&quot;anchor_tenants&quot;:&quot;Supermarket, Restaurants&quot;,&quot;distance&quot;:25.13,&quot;cover_photo&quot;:null,&quot;key_stats&quot;:{&quot;retail_stores_count&quot;:&quot;25&quot;,&quot;gla_sqm&quot;:&quot;2000&quot;,&quot;anchor_tenants&quot;:&quot;Supermarket, Restaurants&quot;}},{&quot;id&quot;:6697,&quot;slug&quot;:&quot;plaza-commercial-penonome&quot;,&quot;name&quot;:&quot;Plaza Commercial Penonome&quot;,&quot;lat&quot;:&quot;8.5503103&quot;,&quot;lng&quot;:&quot;-80.3547286&quot;,&quot;property_type&quot;:&quot;Shopping Centre&quot;,&quot;description&quot;:&quot;Plaza Commercial Penonome is a modest commercial center located in Penonome, the capital of Cocle province in central Panama, positioned along the Inter-American Highway for enhanced visibility and access. This small-scale retail property caters primarily to local residents and passing traffic, featuring approximately eight commercial spaces distributed across ground and upper floors, each equipped with private bathrooms. The tenant mix includes essential services such as banks, restaurants, and basic retail outlets like convenience stores and small boutiques, supporting everyday needs rather than luxury shopping. Market position reflects Penonome&#39;s role as a regional hub in an agricultural area, with a population of around 25,000 in the district drawing middle to low-income consumers focused on practical purchases. Occupancy rates appear stable at near full capacity due to limited alternatives in the area, though specific metrics are not publicly detailed in commercial reports. Rent levels for individual units range from moderate, estimated at $10 to $20 per square meter monthly based on regional averages for secondary markets, making it attractive for local operators seeking affordable entry. Accessibility is a strength, with direct highway frontage and parking for about 10 vehicles, facilitating quick stops for travelers between Panama City and the interior. However, drawbacks include limited footfall compared to urban malls, estimated at lower daily visitors due to the town&#39;s size, and potential saturation in basic retail categories. Operational quality is functional but may show signs of aging infrastructure typical of smaller plazas built in the early 2000s. Leasing advantages lie in low competition for niche local services and proximity to government offices, yet risks involve economic dependence on agriculture, which can fluctuate with commodity prices. Overall, it suits budget-conscious retailers targeting community-based sales rather than high-volume traffic.&quot;,&quot;city&quot;:{&quot;name&quot;:&quot;Penonome&quot;},&quot;anchor_tenants&quot;:&quot;&quot;,&quot;distance&quot;:28.3,&quot;cover_photo&quot;:null,&quot;key_stats&quot;:{&quot;retail_stores_count&quot;:&quot;18&quot;,&quot;gla_sqm&quot;:&quot;1800&quot;,&quot;anchor_tenants&quot;:&quot;&quot;}},{&quot;id&quot;:7147,&quot;slug&quot;:&quot;boulevard-mall-1&quot;,&quot;name&quot;:&quot;Boulevard Mall&quot;,&quot;lat&quot;:&quot;8.5005&quot;,&quot;lng&quot;:&quot;-80.3418&quot;,&quot;property_type&quot;:&quot;Shopping Mall&quot;,&quot;description&quot;:&quot;Boulevard Mall, located on the Pan-American Highway in Penonome, Coclé Province, Panama, serves as a key local shopping destination for the regions approximately 20,000 residents and surrounding rural communities. Opened in recent years, it functions as a strip-style plaza comercial rather than a traditional enclosed mall, offering convenience retail focused on everyday needs. The tenant mix includes fashion outlets like Fashion Ten Panama, footwear retailer Payless, outdoor gear store Outdoor Adventure carrying brands such as Eddie Bauer and Hurley, technology repair shop Fixmovilcenter, and integration with El Rey supermarket for grocery anchoring. Accessibility is strong due to its highway position, facilitating drive-in traffic from nearby towns and Panama City, about 110 km away. Occupancy appears high based on active social media presence and events, with operational hours from 8:00 AM to 9:00 or 10:00 PM. Market position is that of a neighborhood hub in a growing agricultural province, benefiting from Cocles economic stability tied to farming and wind energy projects like the Penonome Wind Farm. Leasing advantages include flexible spaces starting around 187 square meters in nearby similar centers, competitive rents estimated at $10-15 per square meter monthly in small Panamanian plazas, and high visibility signage. However, challenges include limited footfall compared to urban malls, estimated at moderate levels serving local demographics with average household incomes around $800-1,200 monthly. Competition from online retail and larger centers in Panama City poses risks, alongside potential infrastructure wear from highway proximity. Overall, it suits budget-conscious retailers targeting middle-income families in a semi-rural setting, with strengths in low operational costs and community events boosting seasonal traffic.&quot;,&quot;city&quot;:{&quot;name&quot;:&quot;Penonome&quot;},&quot;anchor_tenants&quot;:&quot;Caribbean Cinemas, Planet Fitness, Local Supermarket&quot;,&quot;distance&quot;:23.73,&quot;cover_photo&quot;:null,&quot;key_stats&quot;:{&quot;retail_stores_count&quot;:&quot;80&quot;,&quot;gla_sqm&quot;:&quot;12000&quot;,&quot;anchor_tenants&quot;:&quot;Caribbean Cinemas, Planet Fitness, Local Supermarket&quot;}},{&quot;id&quot;:7553,&quot;slug&quot;:&quot;centro-comercial-penonome-plaza&quot;,&quot;name&quot;:&quot;Centro Comercial Penonome Plaza&quot;,&quot;lat&quot;:&quot;8.51889&quot;,&quot;lng&quot;:&quot;-80.35727&quot;,&quot;property_type&quot;:&quot;Shopping Mall&quot;,&quot;description&quot;:&quot;Centro Comercial Penonome Plaza is a small-scale shopping center in Penonome, the capital of Cocle province in central Panama, situated along the Inter-American Highway for strategic visibility and access. Spanning 2,000 square meters of gross leasable area across one level, it houses approximately 18 stores, including anchor tenants such as local banks and eateries, alongside basic retail outlets like convenience stores, small boutiques, apparel shops, and groceries. This tenant mix supports a community-oriented environment catering to everyday needs rather than luxury or high-volume sales. The property, built in 2015, serves as a regional hub in an area with limited retail alternatives, drawing from a local population of about 25,836 residents within a 25 km radius and highway traffic connecting Panama City (80 km away) to the Azuero Peninsula. Market position reflects a secondary retail location focused on middle- to low-income consumers in an agricultural region, with household incomes averaging $800 to $1,200 monthly. Occupancy stands at 90%, indicating stable demand, while annual footfall reaches 500,000 visitors, translating to 500-1,000 daily. Rent levels range from $10 to $20 per square meter monthly, offering affordable entry for budget-conscious retailers. Leasing advantages include short-term flexibility, proximity to government offices, and low competition, though challenges arise from modest disposable incomes, seasonal agricultural fluctuations, and competition from informal vendors and larger urban centers like Aguadulce or Panama City. Accessibility is strong with direct highway frontage and 130 parking spaces, but pedestrian traffic remains low due to the town&#39;s rural-urban mix. Overall, it suits practical retail categories like essentials and services, with growth potential at 5% annually tied to regional development.&quot;,&quot;city&quot;:{&quot;name&quot;:&quot;Penonome&quot;},&quot;anchor_tenants&quot;:&quot;Caribbean Cinemas, Planet Fitness, El Rey supermarket&quot;,&quot;distance&quot;:26.3,&quot;cover_photo&quot;:null,&quot;key_stats&quot;:{&quot;retail_stores_count&quot;:&quot;18&quot;,&quot;gla_sqm&quot;:&quot;50000&quot;,&quot;anchor_tenants&quot;:&quot;Caribbean Cinemas, Planet Fitness, El Rey supermarket&quot;}},{&quot;id&quot;:8475,&quot;slug&quot;:&quot;plaza-de-las-esmeraldas&quot;,&quot;name&quot;:&quot;Plaza De Las Esmeraldas&quot;,&quot;lat&quot;:&quot;8.5503103&quot;,&quot;lng&quot;:&quot;-80.3547286&quot;,&quot;property_type&quot;:&quot;Neighborhood&quot;,&quot;description&quot;:&quot;Plaza de las Esmeraldas is a modest commercial plaza situated along the Pan-American Highway in Penonome, the capital of Cocle province in central Panama. This location positions it as a convenient stop for travelers between Panama City (approximately 90 minutes drive) and the countrys interior regions, serving a primarily local and transit-based customer base. The property features a mix of essential retail and services, anchored by a Super 99 supermarket, which draws regular grocery shoppers from Penonome&#39;s population of around 22,000 residents and surrounding rural areas. Other tenants include casual dining options like Restaurante Gallo Pinto, offering traditional Panamanian cuisine, and small service providers such as beauty salons and auto parts stores. The plazas layout is open-air strip-style with ample parking, facilitating easy access for vehicles. Market position reflects Penonomes role as a regional hub in an agricultural economy, with retail focused on daily necessities rather than luxury or entertainment. Leasing advantages include competitive rent levels, estimated at $10-15 per square meter monthly based on regional averages for secondary markets, and high visibility from the highway, potentially yielding 300-500 daily visitors during peak travel times. Occupancy appears stable at 80-90%, supported by low turnover in essential categories, though expansion potential is limited by the sites 5,000-7,000 square meters of gross leasable area. Contextual factors include Panamas overall retail growth of 3-4% annually, driven by logistics and tourism, but local challenges like seasonal agricultural income fluctuations impact spending. Accessibility via major roads enhances draw from Cocle provinces 250,000 inhabitants, while proximity to schools and government offices boosts weekday traffic. Overall, it suits budget-oriented retailers targeting value-driven consumers in a low-density market.&quot;,&quot;city&quot;:{&quot;name&quot;:&quot;Penonome&quot;},&quot;anchor_tenants&quot;:&quot;Local supermarket, clothing stores&quot;,&quot;distance&quot;:28.3,&quot;cover_photo&quot;:null,&quot;key_stats&quot;:{&quot;retail_stores_count&quot;:&quot;50&quot;,&quot;gla_sqm&quot;:&quot;2500&quot;,&quot;anchor_tenants&quot;:&quot;Local supermarket, clothing stores&quot;}},{&quot;id&quot;:372,&quot;slug&quot;:&quot;boulevard&quot;,&quot;name&quot;:&quot;Boulevard Mall&quot;,&quot;lat&quot;:&quot;8.5005&quot;,&quot;lng&quot;:&quot;-80.3418&quot;,&quot;property_type&quot;:&quot;Neighborhood&quot;,&quot;description&quot;:&quot;Boulevard Mall, located on the Pan-American Highway in Penonome, Coclé Province, Panama, serves as a key local shopping destination for the regions approximately 20,000 residents and surrounding rural communities. Opened in recent years, it functions as a strip-style plaza comercial rather than a traditional enclosed mall, offering convenience retail focused on everyday needs. The tenant mix includes fashion outlets like Fashion Ten Panama, footwear retailer Payless, outdoor gear store Outdoor Adventure carrying brands such as Eddie Bauer and Hurley, technology repair shop Fixmovilcenter, and integration with El Rey supermarket for grocery anchoring. Accessibility is strong due to its highway position, facilitating drive-in traffic from nearby towns and Panama City, about 110 km away. Occupancy appears high based on active social media presence and events, with operational hours from 8:00 AM to 9:00 or 10:00 PM. Market position is that of a neighborhood hub in a growing agricultural province, benefiting from Cocles economic stability tied to farming and wind energy projects like the Penonome Wind Farm. Leasing advantages include flexible spaces starting around 187 square meters in nearby similar centers, competitive rents estimated at $10-15 per square meter monthly in small Panamanian plazas, and high visibility signage. However, challenges include limited footfall compared to urban malls, estimated at moderate levels serving local demographics with average household incomes around $800-1,200 monthly. Competition from online retail and larger centers in Panama City poses risks, alongside potential infrastructure wear from highway proximity. Overall, it suits budget-conscious retailers targeting middle-income families in a semi-rural setting, with strengths in low operational costs and community events boosting seasonal traffic.&quot;,&quot;city&quot;:{&quot;name&quot;:&quot;Penonomé&quot;},&quot;anchor_tenants&quot;:&quot;&quot;,&quot;distance&quot;:23.73,&quot;cover_photo&quot;:&quot;https://static.getoccupi.com/uploads/mall/cover_photo/372/b529485fa0c110f0163553aaf37fe7f8(2).jpg&quot;,&quot;key_stats&quot;:{&quot;retail_stores_count&quot;:&quot;80&quot;,&quot;gla_sqm&quot;:&quot;4500&quot;,&quot;anchor_tenants&quot;:&quot;&quot;}},{&quot;id&quot;:8477,&quot;slug&quot;:&quot;centro-comercial-on-dgo-aguadulce&quot;,&quot;name&quot;:&quot;Centro Comercial On Dgo Aguadulce&quot;,&quot;lat&quot;:&quot;8.2486811&quot;,&quot;lng&quot;:&quot;-80.5505515&quot;,&quot;property_type&quot;:&quot;Mixed-Use&quot;,&quot;description&quot;:&quot;Centro Comercial OnDgo Aguadulce is a strip mall-style commercial plaza located in Aguadulce, Coclé province, Panama, adjacent to the Gran Terminal de Aguadulce bus station. Developed by Grupo Corcione, it operates as a franchise-based concept unique in Panama, offering a unified range of services and products in one location to meet local consumer needs. The property features anchor tenants including a supermarket, alongside various local stores such as restaurants, hardware shops, bakeries, electronics retailers like Pacific Cell, and children&#39;s clothing outlets like Kids Store. Situated in a district with a population of approximately 30,000 residents and drawing from the broader Coclé province of over 250,000, the mall benefits from high visibility on the Pan-American Highway and transit traffic from the bus terminal, which supports consistent footfall estimated at 228,125 visitors per month. Market position is as a convenience-oriented center in a secondary city, serving daily essentials rather than luxury retail, with leasing advantages including proximity to transportation hubs for easy accessibility and lower rent pressures compared to urban Panama City malls. However, the local economy relies on agriculture and small-scale commerce, limiting high-end tenant potential. Occupancy appears stable with a mix of national franchises and independents, though specific rates are not publicly detailed. Retail performance in Coclé reflects moderate growth, with Panama&#39;s overall retail sector expanding at 4-5% annually per recent reports, but saturation in basic goods categories poses challenges. Potential retailers should consider the demographic&#39;s focus on value-driven purchases amid regional income levels averaging $800-1,200 monthly.&quot;,&quot;city&quot;:{&quot;name&quot;:&quot;Aguadulce&quot;},&quot;anchor_tenants&quot;:&quot;Various local stores, supermarket&quot;,&quot;distance&quot;:44.87,&quot;cover_photo&quot;:null,&quot;key_stats&quot;:{&quot;retail_stores_count&quot;:&quot;25&quot;,&quot;gla_sqm&quot;:&quot;8000&quot;,&quot;anchor_tenants&quot;:&quot;Various local stores, supermarket&quot;}},{&quot;id&quot;:8211,&quot;slug&quot;:&quot;penonome-mall&quot;,&quot;name&quot;:&quot;Penonomé Mall&quot;,&quot;lat&quot;:&quot;8.5131875&quot;,&quot;lng&quot;:&quot;-80.3566875&quot;,&quot;property_type&quot;:&quot;Shopping Mall&quot;,&quot;description&quot;:&quot;Penonomé Mall, located in Penonome, the capital of Cocle province in central Panama, serves as a modest commercial center along the Pan-American Highway, providing essential retail and services to the local community. Opened as a key shopping destination in the region, it spans approximately 5,000 square meters of leasable space, featuring a mix of anchor tenants such as local banks, supermarkets, and fast-food outlets, complemented by smaller boutiques offering apparel, electronics, and daily necessities. The tenant mix emphasizes convenience and everyday shopping, with categories including groceries, dining, financial services, and personal care, which aligns with the practical needs of residents in this agricultural and transit-oriented area. Market position is strong as the primary enclosed retail option in Penonome, benefiting from limited direct competition within a 30-kilometer radius, though it faces indirect pressure from informal markets and roadside vendors. Annual footfall reaches about 500,000 visitors, driven by local traffic and highway passersby, with occupancy rates maintained near 95% due to stable demand and few alternatives. Rent levels for ground-floor units average $20-25 per square meter monthly, offering competitive terms for small to medium retailers seeking regional exposure. Accessibility is enhanced by its highway frontage, ample parking for over 200 vehicles, and proximity to public transport hubs, facilitating draw from Cocle province&#39;s 250,000 residents. However, the center&#39;s aging infrastructure, built in the early 2000s, may require updates for modern tenant expectations, and seasonal fluctuations in footfall occur during agricultural harvest periods. Leasing advantages include flexible short-term options and promotional support from management, but potential risks involve market saturation in basic retail categories and vulnerability to economic shifts in Panama&#39;s interior regions. Overall, it suits budget-conscious retailers targeting middle-income families, though expansion plans for nearby developments like Paseo Plaza could impact future traffic allocation.&quot;,&quot;city&quot;:{&quot;name&quot;:&quot;Penonome&quot;},&quot;anchor_tenants&quot;:&quot;Caribbean Cinemas, Planet Fitness, El Rey supermarket&quot;,&quot;distance&quot;:25.88,&quot;cover_photo&quot;:null,&quot;key_stats&quot;:{&quot;retail_stores_count&quot;:&quot;25&quot;,&quot;gla_sqm&quot;:&quot;2000&quot;,&quot;anchor_tenants&quot;:&quot;Caribbean Cinemas, Planet Fitness, El Rey supermarket&quot;}},{&quot;id&quot;:7158,&quot;slug&quot;:&quot;plaza-gorgona-beach&quot;,&quot;name&quot;:&quot;Plaza Gorgona Beach&quot;,&quot;lat&quot;:&quot;8.5645068&quot;,&quot;lng&quot;:&quot;-79.8917827&quot;,&quot;property_type&quot;:&quot;Shopping Centre&quot;,&quot;description&quot;:&quot;Plaza Gorgona Beach is a small commercial plaza located in Nueva Gorgona, a coastal town in Panama Oeste province, approximately 80 kilometers west of Panama City along the Pan-American Highway. This beachfront community, with around 2,000 residents, serves as a relaxed destination for locals, expats, retirees, and weekend visitors from the capital seeking Pacific coast escapes. The plaza features a modest tenant mix focused on everyday retail and services, including a pet store, tool and hardware shop (Tecno Tools), air conditioning retailer (Tecnocool), and other local businesses catering to residential and tourist needs. Nearby amenities enhance its appeal, such as the high-end Riba Smith supermarket and access to surfing spots and beaches. Accessibility is strong via the paved Pan-American Highway, with proximity to larger Coronado (3 km away) for additional shopping and services. Occupancy appears stable for a small-scale development, though exact figures are not publicly detailed; footfall is seasonal, peaking during weekends and holidays with moderate daily traffic from residents and day-trippers. Rent levels for commercial spaces in the area are affordable, ranging from USD 400 per month for nearby lots to higher for built spaces, reflecting the low-density market. Leasing advantages include low operational costs, community-oriented customer base, and growth potential from ongoing residential developments in Gorgona, which could boost local demand. However, challenges include limited national brand presence, reliance on seasonal tourism, and competition from Coronado&#39;s more established retail hubs. Market position is niche, supporting convenience retail rather than high-volume sales, with demographics skewing toward middle-income families, international retirees, and young professionals. Operational quality is basic, with no reports of major infrastructure issues, but aging elements may require maintenance considerations. Overall, it suits small retailers targeting beach lifestyle consumers, though scalability is constrained by the areas modest size and saturation in basic goods categories.&quot;,&quot;city&quot;:{&quot;name&quot;:&quot;Nueva Gorgona&quot;},&quot;anchor_tenants&quot;:&quot;Riba Smith, Uno Express&quot;,&quot;distance&quot;:36.41,&quot;cover_photo&quot;:null,&quot;key_stats&quot;:{&quot;retail_stores_count&quot;:&quot;15&quot;,&quot;gla_sqm&quot;:&quot;4000&quot;,&quot;anchor_tenants&quot;:&quot;Riba Smith, Uno Express&quot;}}]}" data-map-update-url-value="/malls/mareas-mall-rio-hato" id="mall-map-wrapper"><div data-city="Río Hato" data-current-mall="true" data-id="mareas-mall-rio-hato" data-lat="8.3788583" data-lng="-80.1645207" data-map-target="mall" data-name="Centro Comercial Las Mareas" 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">10 km radius km</div><div class="stat-label">Primary Catchment Area</div></div><div class="stat-card"><div class="stat-value">50 km radius km</div><div class="stat-label">Secondary Catchment Area</div></div><div class="stat-card"><div class="stat-value">50,000 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">10,000 USD per year</div><div class="stat-label">Median household income</div></div><div class="stat-card"><div class="stat-value">8.4</div><div class="stat-label">Unemployment rate</div></div><div class="stat-card"><div class="stat-value">65 Index (US=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">2,500 USD per year</div><div class="stat-label">Retail spending per capita</div></div><div class="stat-card"><div class="stat-value">500 USD per capita</div><div class="stat-label">Spending on apparel</div></div><div class="stat-card"><div class="stat-value">1,000 USD per capita</div><div class="stat-label">Spending on groceries</div></div><div class="stat-card"><div class="stat-value">300 USD per capita</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">500,000 Visitors</div><div class="stat-label">Annual foot traffic</div></div><div class="stat-card"><div class="stat-value">1.5 Hours</div><div class="stat-label">Dwell time</div></div><div class="stat-card"><div class="stat-value">25.0</div><div class="stat-label">Conversion rate</div></div><div class="stat-card"><div class="stat-value">5,000 USD per year</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">25 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">Low Density</div><div class="stat-label">Competitor density (same category)</div></div><div class="stat-card"><div class="stat-value">Medium Diversity</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">1 Levels</div><div class="stat-label">Number of Levels</div></div><div class="stat-card"><div class="stat-value">25 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">Limited 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">Medium 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">Medium Competition</div><div class="stat-label">E-commerce competition</div></div><div class="stat-card"><div class="stat-value">20.0</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">Seasonal beach promotions Events</div><div class="stat-label">Promotional events</div></div><div class="stat-card"><div class="stat-value">15.0</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">3.0</div><div class="stat-label">Projected foot traffic growth</div></div><div class="stat-card"><div class="stat-value">5 Tenants</div><div class="stat-label">New tenant pipeline</div></div><div class="stat-card"><div class="stat-value">None immediate Plans</div><div class="stat-label">Mall expansion plans</div></div></div></div></div></div></div></template></turbo-stream>