Plaza Cincuentenario, Panamá — Stores, Map & Hours

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Brand Fit Snapshot

Best for:

Quick-Service DiningLocal ServicesDaily Essentials & GrocerySpecialty RetailMixed-Use & Office Traffic

Not ideal if:

Discount RetailLarge Footprint RetailValue Positioning

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Plaza Cincuentenario, on Vía Cincuentenario in Coco del Mar, Panama City, is a 45,000 sqm neighborhood mall with 60 units across 3 levels. It targets upper-middle-income locals (avg. income $5,000+/month), expats, and families in a 15,000-resident area growing 4% annually.

Tenant mix emphasizes convenience: anchors Banistmo, Papa John's; dining like 50 Millas; apparel, services. Occupancy >90% vs. city 8% vacancy. Footfall: 1,500 daily, 2.5M yearly. Rents $20-27/sqm/month incl. maintenance; 3-5yr leases, 2-4% escalations—lower than Multiplaza's $15-20+.

Accessibility: 100 parking spots, major road links, but peak traffic issues. Modern build (2015-2019) with efficient systems. Strong local position, but competes with Multiplaza 3km away. Advantages: high demand, targeted demo, affordable leasing for 100-150 sqm spaces. Risks: economic fluctuations, limited support, competition in dining/services.

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Hours of Operation

Hours

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Monday	10:00 AM — 09:00 PM
Tuesday	10:00 AM — 09:00 PM
Wednesday	10:00 AM — 09:00 PM
Thursday	10:00 AM — 09:00 PM
Friday	10:00 AM — 10:00 PM
Saturday	10:00 AM — 10:00 PM
Sunday	11:00 AM — 06:00 PM

Holiday Hours

Hours may vary on public holidays. Check with individual stores for specific holiday schedules.

Vía Cincuentenario, Panamá, Panama

Insights

Demographics and Footfall

The surrounding 2-km radius has 15,000 residents with upper-middle to high incomes averaging $15,000 annually, including executives and expats; 5-km radius reaches 500,000 with 2.5% growth. Average age 30, household size 3.2. Bilingual shoppers prefer convenience retail. Daily footfall 1,000-2,000, peaking weekends, driven by residential and office proximity, supporting steady local traffic but limited by no major tourist draw.

Competition and Market Factors

Primary competition from Multiplaza Mall (3km away, 200+ tenants, 10M+ annual visitors) draws regional shoppers, potentially saturating premium retail. Local centers in San Francisco add pressure on dining/services. Panama retail grew 5% in 2023; moderate saturation in upscale segments. Plaza's niche in convenience helps capture 20-30% local spend, but risks tenant dilution if anchors weaken.

Lease Terms and Operational Quality

Rents $22-25/sqm/month average, competitive for area; includes CAM, utilities. Leases 3-5 years with CPI-linked escalations (2-4%). High occupancy >90% indicates demand. Operational strengths: modern infrastructure, backup power, low downtime. Drawbacks: limited on-site management vs. larger malls; negotiate fit-out allowances. Accessibility good with 1:50 parking, but Vía Cincuentenario congestion during peaks.