Plaza De Canglón, Panama City — Stores, Map & Hours

NEW

Brand Fit Snapshot

Best for:

Local ServicesMid-Market FashionQuick-Service DiningSpecialty RetailNational Chains

Not ideal if:

Ultra-Luxury PositioningLarge Footprint RetailDiscount Retail

Similar properties you might like:

Albrook Mall Plaza 5 De Mayo Panama Outlet Mall

Want to know if your brand fits?
Quick assessment - takes 30 seconds

Check Your Fit

Plaza De Canglón, established in 1994, is a 20,000 sqm two-level mall in Panama City, Panama, hosting 50 stores with anchors like pharmacy, local clothing, and restaurants.

Tenant mix focuses on local retail and dining, with demand for trendy fashion and diverse eateries. Serving 300,000 residents within 5km (avg age 30, income 18k USD, 1.5% growth), it sees 1M annual visitors, 60-min stays, 20% retention.

Accessibility via public transport is good, with 650 parking spaces. Rents at 30 USD/sqm/month, 5% vacancy.

Market position: mid-tier in saturated urban retail, strong occupancy but aging infrastructure. Advantages: stable local traffic, events (12/year); drawbacks: limited category diversity, need for family amenities. Competition medium-high from nearby centers offering broader mixes.

For Retailers

Interested in this property?

Choose how you'd like to proceed

See if you're a fitQuick assessment of brand-property match

Submit Your BrandJoin the network and connect with property teams

Send an inquiryAsk about leasing, pop-ups, or partnerships

For Advertisers

Advertise at this property?

Reach high-intent shoppers across digital screens, atria, and experiential placements.

Send an inquiryTell us about your campaign — placements, budget, timing

Hours of Operation

Hours

Checking...

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 España, Panama City, Panama

Insights

Demographics and Footfall

Catchment area within 5 km: 300,000 people, average age 30 years, household size 3.1, 1.5% annual growth, 22% higher education rate. Annual footfall: 1,000,000 visitors (83,333 monthly), average dwell time 60 minutes, 20% retention rate. Economic profile: average income 18,000 USD, unemployment 8%, cost of living index 65 (US=100). Consumer spending: 3,000 USD on apparel, 1,500 USD on dining per year. This demographic supports consistent local retail traffic but is vulnerable to economic downturns.

Tenant Mix and Competition

The mall features 50 stores, including pharmacy and local clothing anchors, restaurants, and 5 unique outlets. Visitor motivations: 40% shopping, 35% dining, 25% home decor. Medium competition in the market, with high demand for trendy fashion, streetwear, sustainable brands, international and healthy dining options. Operational aspects include 12 annual events and low safety incidents (2 per 1,000 visitors). Challenges: built in 1994, lacks family-friendly amenities like play areas; faces saturation from larger competing centers in Panama City with more diverse tenant mixes.

Lease Terms and Risks

Average rent: 30 USD per sqm per month, 5% vacancy rate, minimum available space 1,000 sqm. Accessibility: good public transport links, medium traffic connectivity, 650 parking spaces. Growth potential: 5% annually, 10 prospective tenants. Risks: aging infrastructure may require maintenance, 30% e-commerce adoption erodes physical sales, market saturation in basic categories. Advantages: high occupancy, urban proximity. Potential tenants should assess fit for underserved areas like fashion and dining to mitigate competition and enhance performance.