<turbo-stream action="replace" target="mall-map-wrapper"><template><div data-controller="map" data-lat="8.9833" data-lng="-79.5333" data-map-catchment-data-value="{&quot;lat&quot;:&quot;8.9833&quot;,&quot;lng&quot;:&quot;-79.5333&quot;,&quot;primary_radius&quot;:5.0,&quot;secondary_radius&quot;:15.0,&quot;population&quot;:750000}" 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 defining core customer base around the mall in Panama City&quot;},{&quot;label&quot;:&quot;Secondary Catchment Area&quot;,&quot;value&quot;:&quot;10 km&quot;,&quot;description&quot;:&quot;Extended radius for broader market reach&quot;},{&quot;label&quot;:&quot;Catchment area population&quot;,&quot;value&quot;:&quot;750,000 People&quot;,&quot;description&quot;:&quot;Estimated total population in primary and secondary areas, based on Panama City metro demographics&quot;},{&quot;label&quot;:&quot;Population growth rate&quot;,&quot;value&quot;:&quot;1.5&quot;,&quot;description&quot;:&quot;Annual growth rate aligned with national trends in Panama&quot;},{&quot;label&quot;:&quot;Median age&quot;,&quot;value&quot;:&quot;30 Years&quot;,&quot;description&quot;:&quot;Average age of residents in catchment area, reflecting younger urban population&quot;},{&quot;label&quot;:&quot;Household size&quot;,&quot;value&quot;:&quot;3.2 Persons&quot;,&quot;description&quot;:&quot;Average number of people per household in the area&quot;},{&quot;label&quot;:&quot;Education level (tertiary)&quot;,&quot;value&quot;:&quot;32.0&quot;,&quot;description&quot;:&quot;Percentage of population with higher education, estimated from national statistics&quot;}],&quot;Economic Indicators&quot;:[{&quot;label&quot;:&quot;Median household income&quot;,&quot;value&quot;:&quot;12,500 USD&quot;,&quot;description&quot;:&quot;Annual median income for households in catchment area&quot;},{&quot;label&quot;:&quot;Unemployment rate&quot;,&quot;value&quot;:&quot;4.8&quot;,&quot;description&quot;:&quot;Current unemployment in the local economy&quot;},{&quot;label&quot;:&quot;Cost of living index&quot;,&quot;value&quot;:&quot;85 (US=100)&quot;,&quot;description&quot;:&quot;Index measuring living costs relative to the US&quot;}],&quot;Consumer Spending&quot;:[{&quot;label&quot;:&quot;Retail spending per capita&quot;,&quot;value&quot;:&quot;2,200 USD&quot;,&quot;description&quot;:&quot;Annual retail expenditure per person&quot;},{&quot;label&quot;:&quot;Spending on apparel&quot;,&quot;value&quot;:&quot;350 USD per capita&quot;,&quot;description&quot;:&quot;Annual spending on clothing and fashion&quot;},{&quot;label&quot;:&quot;Spending on groceries&quot;,&quot;value&quot;:&quot;1,100 USD per capita&quot;,&quot;description&quot;:&quot;Annual food and grocery expenditure&quot;},{&quot;label&quot;:&quot;Spending on electronics&quot;,&quot;value&quot;:&quot;250 USD per capita&quot;,&quot;description&quot;:&quot;Annual electronics and gadgets spending&quot;}],&quot;Mall Traffic \u0026 Performance&quot;:[{&quot;label&quot;:&quot;Annual foot traffic&quot;,&quot;value&quot;:&quot;4,500,000 Visitors&quot;,&quot;description&quot;:&quot;Total yearly visitors to the mall, estimated for mid-sized venue&quot;},{&quot;label&quot;:&quot;Dwell time&quot;,&quot;value&quot;:&quot;90 Minutes&quot;,&quot;description&quot;:&quot;Average time shoppers spend in the mall&quot;},{&quot;label&quot;:&quot;Conversion rate&quot;,&quot;value&quot;:&quot;18.0&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;4,800 USD&quot;,&quot;description&quot;:&quot;Annual sales revenue per square meter of retail space&quot;}],&quot;Competition \u0026 Tenant Mix&quot;:[{&quot;label&quot;:&quot;Number of retail stores&quot;,&quot;value&quot;:&quot;85 Stores&quot;,&quot;description&quot;:&quot;Total number of retail outlets in the mall&quot;},{&quot;label&quot;:&quot;Anchor tenant presence&quot;,&quot;value&quot;:&quot;Yes Boolean&quot;,&quot;description&quot;:&quot;Presence of major anchor stores like supermarkets or department stores&quot;},{&quot;label&quot;:&quot;Competitor density (same category)&quot;,&quot;value&quot;:&quot;Medium Qualitative&quot;,&quot;description&quot;:&quot;Level of nearby competing malls in retail category&quot;},{&quot;label&quot;:&quot;Tenant diversity&quot;,&quot;value&quot;:&quot;High Qualitative&quot;,&quot;description&quot;:&quot;Variety of store types from fashion to food&quot;},{&quot;label&quot;:&quot;Unique Concepts&quot;,&quot;value&quot;:&quot;15.0&quot;,&quot;description&quot;:&quot;Percentage of stores offering unique or experiential retail concepts&quot;}],&quot;Real Estate \u0026 Leasing&quot;:[{&quot;label&quot;:&quot;Gross Leasable Area&quot;,&quot;value&quot;:&quot;40,000 sqm&quot;,&quot;description&quot;:&quot;Total leasable retail 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;28 USD/month&quot;,&quot;description&quot;:&quot;Monthly rental rate for leasable space&quot;},{&quot;label&quot;:&quot;Vacancy rate&quot;,&quot;value&quot;:&quot;6.0&quot;,&quot;description&quot;:&quot;Percentage of unoccupied leasable space&quot;},{&quot;label&quot;:&quot;Lease term flexibility&quot;,&quot;value&quot;:&quot;Medium Qualitative&quot;,&quot;description&quot;:&quot;Flexibility in lease durations offered to tenants&quot;},{&quot;label&quot;:&quot;Available retail space&quot;,&quot;value&quot;:&quot;2,500 sqm&quot;,&quot;description&quot;:&quot;Current unoccupied space available for lease&quot;}],&quot;Accessibility \u0026 Infrastructure&quot;:[{&quot;label&quot;:&quot;Proximity to main roads&quot;,&quot;value&quot;:&quot;High Qualitative&quot;,&quot;description&quot;:&quot;Close access to major highways in Panama City&quot;},{&quot;label&quot;:&quot;Public transport access&quot;,&quot;value&quot;:&quot;Good Qualitative&quot;,&quot;description&quot;:&quot;Availability of bus and metro connections&quot;},{&quot;label&quot;:&quot;Parking spaces&quot;,&quot;value&quot;:&quot;1,200 Spaces&quot;,&quot;description&quot;:&quot;Total parking capacity for vehicles&quot;},{&quot;label&quot;:&quot;Pedestrian traffic&quot;,&quot;value&quot;:&quot;High Qualitative&quot;,&quot;description&quot;:&quot;Foot traffic from surrounding urban areas&quot;}],&quot;Digital \u0026 E-commerce Trends&quot;:[{&quot;label&quot;:&quot;E-commerce competition&quot;,&quot;value&quot;:&quot;High Qualitative&quot;,&quot;description&quot;:&quot;Impact from growing online retail in Panama&quot;},{&quot;label&quot;:&quot;Click-and-collect adoption&quot;,&quot;value&quot;:&quot;12.0&quot;,&quot;description&quot;:&quot;Percentage of sales through click-and-collect services&quot;},{&quot;label&quot;:&quot;Internet penetration&quot;,&quot;value&quot;:&quot;75.0&quot;,&quot;description&quot;:&quot;Percentage of population with internet access in catchment area&quot;}],&quot;Safety \u0026 Security&quot;:[{&quot;label&quot;:&quot;Retail crime rate&quot;,&quot;value&quot;:&quot;3 Incidents per 1,000 visitors&quot;,&quot;description&quot;:&quot;Estimated crime incidents related to retail&quot;},{&quot;label&quot;:&quot;Security measures&quot;,&quot;value&quot;:&quot;Advanced Qualitative&quot;,&quot;description&quot;:&quot;Includes CCTV, guards, and access control&quot;}],&quot;Marketing \u0026 Events&quot;:[{&quot;label&quot;:&quot;Promotional events&quot;,&quot;value&quot;:&quot;10 Events per year&quot;,&quot;description&quot;:&quot;Number of marketing and promotional events held annually&quot;},{&quot;label&quot;:&quot;Loyalty program penetration&quot;,&quot;value&quot;:&quot;25.0&quot;,&quot;description&quot;:&quot;Percentage of customers enrolled in loyalty programs&quot;},{&quot;label&quot;:&quot;Digital signage presence&quot;,&quot;value&quot;:&quot;Yes Boolean&quot;,&quot;description&quot;:&quot;Availability of digital advertising displays&quot;}],&quot;Growth Potential&quot;:[{&quot;label&quot;:&quot;Projected foot traffic growth&quot;,&quot;value&quot;:&quot;2.5&quot;,&quot;description&quot;:&quot;Expected annual increase in visitors&quot;},{&quot;label&quot;:&quot;New tenant pipeline&quot;,&quot;value&quot;:&quot;8 Tenants&quot;,&quot;description&quot;:&quot;Number of prospective new tenants in negotiation&quot;},{&quot;label&quot;:&quot;Mall expansion plans&quot;,&quot;value&quot;:&quot;Planned Qualitative&quot;,&quot;description&quot;:&quot;Future plans for adding space or facilities&quot;}]}" data-map-mapbox-token-value="pk.eyJ1Ijoib2NjdXBpIiwiYSI6ImNtZXFkdHZwczBtNjIya215OWVpaGtucXoifQ.xiNo8HmyyKim2YrJ3LdqdQ" data-map-nearby-malls-value="{&quot;primary&quot;:[{&quot;id&quot;:7458,&quot;slug&quot;:&quot;plaza-de-to-s&quot;,&quot;name&quot;:&quot;Plaza De To&#39;s&quot;,&quot;lat&quot;:&quot;8.9852167&quot;,&quot;lng&quot;:&quot;-79.5752407&quot;,&quot;property_type&quot;:&quot;Neighborhood&quot;,&quot;description&quot;:&quot;Plaza De To&#39;s is a neighborhood-oriented retail plaza in Panama City, Panama, situated in the densely populated district of El Cangrejo. Established in 1998, the property covers 12,000 square meters of gross leasable area (GLA) and serves as a convenience hub for local residents. The tenant mix emphasizes everyday essentials, with 45% allocated to grocery and pharmacy anchors like a mid-sized supermarket and chain drugstores, 25% to apparel and personal care, 20% to quick-service dining options, and 10% to professional services such as banks and clinics. According to 2023 reports from Colliers International Panama, occupancy rates hover at 82%, slightly below the city average of 88% due to post-pandemic adjustments, while average base rents range from $20 to $28 per square meter monthly, competitive for secondary locations. Footfall averages 4,200 visitors per day, bolstered by proximity to office towers and residential high-rises, with 350 dedicated parking spaces easing access. The surrounding demographic profile features middle-income professionals and families, with median household incomes of $2,000 monthly and a population density of 15,000 per square kilometer within a 3-kilometer radius, per INEC Panama data. Market positioning favors value-driven retail over luxury, benefiting from Panama City&#39;s urban growth and tourism spillover, though it contends with accessibility issues from Vía España traffic congestion. Leasing advantages include short-term flexible spaces for pop-ups and lower turnover costs compared to flagship malls, but drawbacks encompass aging infrastructure with occasional maintenance disruptions and competition from e-commerce platforms eroding 10-15% of traditional sales volumes as noted in Euromonitor retail analyses. Overall, the plaza supports stable performance for resilient categories like food and health, amid a retail market projected to grow 4% annually through 2025.&quot;,&quot;city&quot;:{&quot;name&quot;:&quot;Panama City&quot;},&quot;anchor_tenants&quot;:&quot;Riba Smith,Cinepolis&quot;,&quot;distance&quot;:4.61,&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;Riba Smith,Cinepolis&quot;}},{&quot;id&quot;:6701,&quot;slug&quot;:&quot;plaza-express&quot;,&quot;name&quot;:&quot;Plaza Express&quot;,&quot;lat&quot;:&quot;8.9852167&quot;,&quot;lng&quot;:&quot;-79.5752407&quot;,&quot;property_type&quot;:&quot;Convenience&quot;,&quot;description&quot;:&quot;Plaza Express is a neighborhood shopping center located in Panama City, Panama, situated in a densely populated urban area near residential districts and key access routes. Spanning approximately 15,000 square meters of gross leasable area, it serves as a convenient retail hub for daily essentials and local services. The property features a mix of anchor tenants including a mid-sized supermarket, pharmacy, and quick-service restaurants, complemented by smaller specialty stores for apparel, electronics, and personal care. Market positionally, it caters to middle-income households in the surrounding neighborhoods, benefiting from steady local footfall rather than tourist-driven traffic. According to commercial real estate reports from the Panama Retail Association, similar neighborhood centers maintain occupancy rates around 92%, with annual footfall averaging 2.5 million visitors. Rent levels are competitive at USD 25-35 per square meter per month, lower than upscale malls like Multiplaza Pacific, offering cost-effective entry for emerging retailers. Accessibility is strong via major avenues, with over 300 parking spaces and proximity to public transportation lines, though traffic congestion during peak hours poses minor challenges. Tenant mix emphasizes value-oriented categories, with 40% food and beverage, 30% grocery and essentials, and 30% services and fashion. Leasing advantages include flexible terms for short-term pop-ups and renewal options, supported by stable operational quality from the managing firm. However, the center faces risks from nearby larger developments saturating the market and occasional infrastructure maintenance needs due to the city&#39;s humid climate. Overall, it provides balanced opportunities for retailers targeting everyday consumer needs in a growing urban economy projected to expand retail sales by 4-5% annually per Colliers International reports.&quot;,&quot;city&quot;:{&quot;name&quot;:&quot;Panama City&quot;},&quot;anchor_tenants&quot;:&quot;Supermarket Xtra, Farmacia Arrocha&quot;,&quot;distance&quot;:4.61,&quot;cover_photo&quot;:null,&quot;key_stats&quot;:{&quot;retail_stores_count&quot;:&quot;40&quot;,&quot;gla_sqm&quot;:&quot;12000&quot;,&quot;anchor_tenants&quot;:&quot;Supermarket Xtra, Farmacia Arrocha&quot;}},{&quot;id&quot;:7159,&quot;slug&quot;:&quot;city-mall-via-brasil&quot;,&quot;name&quot;:&quot;City Mall Via Brasil&quot;,&quot;lat&quot;:&quot;8.9880016&quot;,&quot;lng&quot;:&quot;-79.5146489&quot;,&quot;property_type&quot;:&quot;Shopping Mall&quot;,&quot;description&quot;:&quot;City Mall Via Brasil is a mixed-use development located in the banking district of Panama City, Panama, along the bustling Via Brasil corridor. This prime urban location benefits from high daily traffic from professionals and commuters in the financial hub. The property features modern commercial spaces on multiple levels, integrated with an office tower, totaling approximately 20,000 square meters of gross leasable area, though exact figures vary by source. Tenant mix emphasizes professional services, financial institutions, upscale retail boutiques, cafes, and specialty stores catering to affluent shoppers. Occupancy stands at around 85-90% as of late 2025, reflecting steady demand in the commercial sector amid Panama&#39;s economic recovery post-pandemic. Footfall is estimated at 5,000-7,000 visitors daily, driven by proximity to business centers and easy access via major roads. Rent levels range from $25-35 per square meter monthly for ground-floor retail, higher for premium positions. Accessibility is strong with ample parking (over 500 spaces), public transport links, and pedestrian-friendly design. The surrounding demographics include a population of over 100,000 within a 5-km radius, with median household income exceeding $2,500 monthly, skewed toward upper-middle-class professionals aged 25-54. Market position is solid for niche, high-end retail, but faces challenges from larger regional malls like Multiplaza Pacific. Leasing advantages include visibility to high-income traffic and flexible space configurations, though potential drawbacks involve elevated operational costs and saturation in financial services categories. Overall, it suits brands targeting business-oriented consumers in a competitive urban retail landscape.&quot;,&quot;city&quot;:{&quot;name&quot;:&quot;Panama City&quot;},&quot;anchor_tenants&quot;:&quot;Audio Foto, Fusion Italian Kitchens&quot;,&quot;distance&quot;:2.11,&quot;cover_photo&quot;:null,&quot;key_stats&quot;:{&quot;retail_stores_count&quot;:&quot;25&quot;,&quot;gla_sqm&quot;:&quot;12000&quot;,&quot;anchor_tenants&quot;:&quot;Audio Foto, Fusion Italian Kitchens&quot;}},{&quot;id&quot;:8151,&quot;slug&quot;:&quot;balboa-boutiques&quot;,&quot;name&quot;:&quot;Balboa Boutiques&quot;,&quot;lat&quot;:&quot;8.9760762&quot;,&quot;lng&quot;:&quot;-79.5207977&quot;,&quot;property_type&quot;:&quot;Shopping Centre&quot;,&quot;description&quot;:&quot;Balboa Boutiques is a boutique-style shopping center located on Avenida Balboa in Panama City, Panama, directly facing the Cinta Costera waterfront promenade. This prime urban position places it in the heart of the citys commercial and leisure district, benefiting from high visibility and foot traffic from locals, tourists, and office workers. The center features a curated tenant mix emphasizing fashion, lifestyle, and specialty retail, with approximately 20-30 boutique stores spanning womens and childrens apparel, dancewear, urban clothing, cycling gear, coffee accessories, and Panamanian handicrafts. Key tenants include Double Trouble for contemporary womens fashion, El Infant for childrens products, Super Dance for performance attire, Creaciones Oryus for cultural souvenirs, iCoffee Solutions for coffee enthusiasts, Elemento Store for urban and motorsport accessories, and Cykel Panama for high-end bicycles. The property offers free parking, 24/7 security, and Wi-Fi in most stores, enhancing operational quality. In Panamas retail market, which saw 12,000 sqm absorption in Q1 2024 per JLL reports, Balboa Boutiques holds a niche position as a mid-tier lifestyle destination rather than a large enclosed mall, with estimated occupancy around 90-95% in prime zones like this. Leasing advantages include flexible spaces from 100-300 sqm, base rents averaging $25-40 per sqm per month based on recent listings, plus 5-10% turnover fees and CAM charges, lower than mega-malls $45-65/sqm. Accessibility is strong via major avenues and proximity to public transport, though traffic congestion in peak hours poses a minor risk. Demographic profile targets middle to upper-middle class residents aged 25-55, families, and active professionals, with the areas population density supporting steady footfall estimated at 5,000-10,000 daily visitors. Potential drawbacks include competition from nearby larger centers like Multiplaza Pacific and Albrook Mall, which draw broader crowds, and vulnerability to e-commerce growth capturing 15% market share. Overall, it suits niche retailers seeking targeted exposure in a vibrant, accessible locale without the high costs of flagship malls.&quot;,&quot;city&quot;:{&quot;name&quot;:&quot;Panama City&quot;},&quot;anchor_tenants&quot;:&quot;Boutiques, Coffee Shops, Restaurants&quot;,&quot;distance&quot;:1.59,&quot;cover_photo&quot;:null,&quot;key_stats&quot;:{&quot;retail_stores_count&quot;:&quot;40&quot;,&quot;gla_sqm&quot;:&quot;4000&quot;,&quot;anchor_tenants&quot;:&quot;Boutiques, Coffee Shops, Restaurants&quot;}},{&quot;id&quot;:7465,&quot;slug&quot;:&quot;plaza-de-la-campana&quot;,&quot;name&quot;:&quot;Plaza De La Campana&quot;,&quot;lat&quot;:&quot;8.9823792&quot;,&quot;lng&quot;:&quot;-79.5198696&quot;,&quot;property_type&quot;:&quot;Neighborhood&quot;,&quot;description&quot;:&quot;Plaza de la Campana is a mid-sized neighborhood retail center in central Panama City, Panama, developed in the early 2000s and spanning approximately 25,000 square meters of gross leasable area. It serves as a convenience-oriented shopping destination for local residents, featuring a diverse tenant mix that includes supermarkets, pharmacies, casual dining outlets, apparel stores, and service providers such as banks and clinics. The plaza maintains an occupancy rate of about 82% as of recent market reports, with stable performance driven by everyday essential retail needs. Footfall averages 4,500 to 6,000 visitors daily, peaking on weekends, supported by its proximity to residential neighborhoods and public transportation routes including the Metro Line 1 station within a 10-minute walk. Rent levels range from $18 to $28 per square meter per month for ground-floor spaces, positioning it as an affordable option compared to premium malls like Multiplaza or Albrook, where rates can exceed $40. Accessibility is a strength, with over 800 parking spaces and easy entry from major avenues like Via España, though traffic congestion during rush hours poses occasional challenges. The demographic profile targets middle-income families and young professionals, with the catchment area encompassing around 150,000 residents within a 5-kilometer radius, characterized by a mix of Panamanian locals and expatriates. Market position is solid for local trade, benefiting from Panama&#39;s robust retail sector growth at 4-5% annually per JLL reports, but faces competition from larger regional centers that draw destination shoppers. Leasing advantages include flexible terms for smaller retailers, short lead times for fit-outs, and opportunities in underutilized upper levels for pop-up or experiential retail. Potential drawbacks encompass aging infrastructure in some sections requiring maintenance, vulnerability to economic fluctuations in the logistics-dependent economy, and saturation in grocery and pharmacy categories. Overall, it offers balanced risk for retailers seeking stable, community-focused locations without the high costs of flagship properties.&quot;,&quot;city&quot;:{&quot;name&quot;:&quot;Panama City&quot;},&quot;anchor_tenants&quot;:&quot;Riba Smith, Local Supermarket&quot;,&quot;distance&quot;:1.48,&quot;cover_photo&quot;:null,&quot;key_stats&quot;:{&quot;retail_stores_count&quot;:&quot;50&quot;,&quot;gla_sqm&quot;:&quot;12000&quot;,&quot;anchor_tenants&quot;:&quot;Riba Smith, Local Supermarket&quot;}},{&quot;id&quot;:7464,&quot;slug&quot;:&quot;plaza-de-la-alquimia&quot;,&quot;name&quot;:&quot;Plaza De La Alquimia&quot;,&quot;lat&quot;:&quot;8.9852167&quot;,&quot;lng&quot;:&quot;-79.5752407&quot;,&quot;property_type&quot;:&quot;Shopping Mall&quot;,&quot;description&quot;:&quot;Plaza de la Alquimia is a modest neighborhood retail plaza situated in the Obarrio district of Panama City, Panama, covering roughly 5,000 square meters of leasable space across a single level. Established as a convenience-oriented center, it serves local residents and office workers in this bustling urban area known for its mix of commercial and residential developments. The tenant mix emphasizes everyday essentials, including a small supermarket, pharmacy, bank branches, and casual eateries, with about 20-25 units occupied by local and mid-tier brands. Occupancy stands at approximately 88%, per commercial real estate reports from sources like Colliers International Panama, reflecting stable but not exceptional demand in a saturated market. Rent levels range from $25 to $35 per square meter annually, offering affordability for small retailers compared to premium malls like Soho Mall where rates exceed $50. Accessibility is strong via Calle 50 and nearby metro stations on Line 1, though parking is limited to 50 spaces, leading to occasional congestion. The demographic profile targets middle-income professionals aged 25-50, with household incomes averaging $2,000 monthly in the vicinity. Leasing advantages include short-term flexibility (minimum 2-3 years) and low maintenance fees around $2/sqm, making it suitable for startups or service-based businesses. However, the plaza&#39;s market position is challenged by proximity to larger competitors like Multiplaza Pacific, which boast higher footfall over 10 million annually versus this plaza&#39;s estimated 600,000. Operational quality is adequate but shows signs of aging infrastructure, such as outdated HVAC systems common in similar 1990s-era properties. Potential risks encompass economic volatility in Panama&#39;s retail sector, where consumer spending dipped 5% in 2023 due to inflation, and category weaknesses in non-essential retail amid rising e-commerce penetration at 15%. Overall, it provides practical entry for lessees seeking localized traffic without high costs, balanced against limited draw for destination shopping.&quot;,&quot;city&quot;:{&quot;name&quot;:&quot;Panama City&quot;},&quot;anchor_tenants&quot;:&quot;Riba Smith, Cinemark, H\u0026M&quot;,&quot;distance&quot;:4.61,&quot;cover_photo&quot;:null,&quot;key_stats&quot;:{&quot;retail_stores_count&quot;:&quot;60&quot;,&quot;gla_sqm&quot;:&quot;60000&quot;,&quot;anchor_tenants&quot;:&quot;Riba Smith, Cinemark, H\u0026M&quot;}},{&quot;id&quot;:8208,&quot;slug&quot;:&quot;panama-outlet-mall&quot;,&quot;name&quot;:&quot;Panama Outlet Mall&quot;,&quot;lat&quot;:&quot;8.9823792&quot;,&quot;lng&quot;:&quot;-79.5198696&quot;,&quot;property_type&quot;:&quot;Outlet&quot;,&quot;description&quot;:&quot;Panama Outlet Mall, located in La Chorrera approximately 20 km west of Panama City, operates as a discount retail center specializing in value-oriented merchandise across categories like fashion, electronics, beauty products, and auto accessories. Spanning roughly 10,000-15,000 square meters based on regional outlet benchmarks, it targets budget-conscious consumers in Panamas western corridor. The tenant mix features independent discount vendors and smaller brand outlets rather than national anchors, with an emphasis on everyday essentials and promotional sales. Market position is mid-tier within Panamas $5 billion retail sector, which grew 4% in 2024 per local reports, benefiting from proximity to the Panama-David highway facilitating commuter traffic. Leasing advantages include competitive base rents of $25-30 per square meter monthly, flexible short-term options (3-5 years), and lower turnover percentages (6-8%) compared to premium malls like Albrook (8-12%). Accessibility is strong via major roads and public transport, though parking is limited to 200-300 spaces. Operational quality is functional but shows signs of aging infrastructure without recent major renovations. Demographic profile draws from La Chorreras 200,000 residents, primarily middle-income families (average household $1,200 monthly) aged 25-50, supplemented by weekend visitors from Panama City. Footfall estimates 40,000-60,000 monthly, lower than urban giants but steady due to outlet appeal. Challenges encompass intense competition from larger outlets like Megapolis (92% occupancy, 5,000+ daily visitors) and market saturation in discount segments, where e-commerce captures 15% share. Risks include economic volatility tied to Panama Canal logistics, potentially reducing regional spending by 5-10%, and access issues during peak hours on the Arraijan-Chorrera corridor. Overall, it suits retailers focusing on high-volume, low-margin operations in a growing but competitive suburban market.&quot;,&quot;city&quot;:{&quot;name&quot;:&quot;Panama City&quot;},&quot;anchor_tenants&quot;:&quot;Calvin Klein, Tommy Hilfiger, Nike, Kenneth Cole&quot;,&quot;distance&quot;:1.48,&quot;cover_photo&quot;:null,&quot;key_stats&quot;:{&quot;retail_stores_count&quot;:&quot;100&quot;,&quot;gla_sqm&quot;:&quot;45000&quot;,&quot;anchor_tenants&quot;:&quot;Calvin Klein, Tommy Hilfiger, Nike, Kenneth Cole&quot;}},{&quot;id&quot;:6432,&quot;slug&quot;:&quot;plaza-century&quot;,&quot;name&quot;:&quot;Plaza Century&quot;,&quot;lat&quot;:&quot;9.022278&quot;,&quot;lng&quot;:&quot;-79.526417&quot;,&quot;property_type&quot;:&quot;Mixed-Use&quot;,&quot;description&quot;:&quot;Plaza Century is a mid-sized commercial plaza situated in the Tumba Muerto district of Panama City, Panama, along Avenida Ricardo J. Alfaro, a high-traffic arterial road. Developed as a neighborhood retail and office hub, it features ground-floor units suitable for small to medium businesses, with sizes ranging from 98 to 250 square meters. The tenant mix emphasizes practical retail categories such as pharmacies, electronics stores, hardware outlets, cafes, restaurants, and service-oriented offices, appealing to everyday consumer needs rather than high-end fashion or entertainment. Rent levels are competitive at approximately $25 per square meter plus taxes and maintenance fees of about $2 per square meter, providing an accessible entry point for budget-conscious retailers. Accessibility benefits from direct road frontage, on-site parking for over 30 vehicles, and nearby bus stops, facilitating footfall from local commuters and residents. The surrounding area has a population density of around 10,000 per square kilometer, with a middle-income demographic profile including families, young professionals, and service workers, whose average monthly household income hovers between $1,000 and $2,500. Occupancy stands at about 70-80%, with several units currently available, reflecting moderate demand amid economic recovery post-pandemic. Market position is strong for local trade, supported by Panama City&#39;s retail sector growth at 4-5% annually per ICEX reports, but faces challenges from nearby larger malls like Metromall (2 km away) drawing premium shoppers. Strengths include steady daily traffic estimated at 20,000-30,000 vehicles and low operational costs; weaknesses encompass potential aging infrastructure and urban congestion impacting peak-hour access. Risks involve category saturation in essentials and economic sensitivity in a tourism-reliant economy. Overall, it offers balanced leasing opportunities for resilient, community-focused retail formats.&quot;,&quot;city&quot;:{&quot;name&quot;:&quot;Panama City&quot;},&quot;anchor_tenants&quot;:&quot;Local Retailers&quot;,&quot;distance&quot;:4.4,&quot;cover_photo&quot;:null,&quot;key_stats&quot;:{&quot;retail_stores_count&quot;:&quot;25&quot;,&quot;gla_sqm&quot;:&quot;1000&quot;,&quot;anchor_tenants&quot;:&quot;Local Retailers&quot;}},{&quot;id&quot;:7106,&quot;slug&quot;:&quot;megapolis-outlets-panama&quot;,&quot;name&quot;:&quot;Megapolis Outlets Panama&quot;,&quot;lat&quot;:&quot;8.97644&quot;,&quot;lng&quot;:&quot;-79.51794&quot;,&quot;property_type&quot;:&quot;Outlet&quot;,&quot;description&quot;:&quot;Megapolis Outlets Panama is a mid-tier outlet shopping center located in central Panama City, between the affluent neighborhoods of Paitilla and Marbella along Avenida Balboa. Spanning multiple levels with approximately 100 retailers, it focuses on value-oriented shopping with discounts typically ranging from 20-50% off retail prices. The tenant mix includes local and international apparel brands such as Volumen Brutal and Yoyos, casual dining options in a food court, entertainment venues, and service providers, complemented by kiosks for accessories and essentials. Directly connected to the Megapolis Hotel via an exclusive bridge, it benefits from hotel guest traffic and tourist inflows. In the broader Panama retail market, which experienced 4% sales growth in 2024 and stable occupancy rates of 88-92% for outlet centers as of 2025, this property occupies a niche in the value segment, capturing 10-15% of the citys bargain shopping market amid rising urbanization and a growing middle class. Leasing advantages include flexible terms with base rents of $25-35 per square meter per month plus 8-10% turnover percentages, which are lower than those in premium malls exceeding $40 per square meter. However, post-pandemic recovery has left some spaces vacant, and the center faces risks from economic volatility tied to Panama Canal logistics, potentially reducing tourist visits by 5-10%. Accessibility is strong via major avenues, with 3,000 free parking spaces, though public transport options are limited. Overall retail absorption reached 12,000 square meters in Q1 2024, but e-commerce penetration at 15% poses ongoing competition. Recent developments in 2025 position it as a luxe outlet destination with up to 300,000 square feet dedicated to curated high-quality outlets, enhancing its appeal for retailers seeking urban exposure without premium costs.&quot;,&quot;city&quot;:{&quot;name&quot;:&quot;Panama City&quot;},&quot;anchor_tenants&quot;:&quot;El Rey Supermarket, Various International Brands&quot;,&quot;distance&quot;:1.85,&quot;cover_photo&quot;:null,&quot;key_stats&quot;:{&quot;retail_stores_count&quot;:&quot;100&quot;,&quot;gla_sqm&quot;:&quot;45000&quot;,&quot;anchor_tenants&quot;:&quot;El Rey Supermarket, Various International Brands&quot;}},{&quot;id&quot;:6429,&quot;slug&quot;:&quot;la-gran-via-2&quot;,&quot;name&quot;:&quot;La Gran Via&quot;,&quot;lat&quot;:&quot;8.9824&quot;,&quot;lng&quot;:&quot;-79.5199&quot;,&quot;property_type&quot;:&quot;Shopping Centre&quot;,&quot;description&quot;:&quot;La Gran Via is a suburban super center located in Arraijan, Panama Oeste, approximately 20 km west of Panama City along the Pan-American Highway (Autopista Vista Alegre). Developed in the mid-2010s, it caters to the expanding residential areas in western Panama, offering a mix of essential retail and leisure. The gross leasable area is around 25,000 square meters, anchored by a large supermarket (over 4,000 sq m), with additional tenants in fashion, electronics, health and beauty, and food services. Notable stores include national chains like Super 99 or Riba Smith for groceries, pharmacies such as Farmacias Arrocha, banks (e.g., Banco General), apparel from local and mid-tier brands, and quick-service restaurants like Subway or Pollo Tropical. Entertainment features a small food court and potential for a mini-cinema. The tenant mix emphasizes convenience and value, with 60% dedicated to daily needs and 40% to discretionary spending. In the Panama retail market, it holds a solid position as a neighborhood hub amid urban sprawl, with occupancy rates at 92-95% per recent commercial reports from 2024. Average rents range from $20-30 per sq m monthly for prime spaces, lower than urban malls like Albrook ($40+). Accessibility is strong via highway and local buses, with 400+ parking spots, though traffic congestion is a noted issue. Surrounding demographics feature middle-class families (income $1,200-2,500/month), with a 4.5% annual population growth to over 250,000 in the catchment area. Operational quality includes modern facilities, air-conditioned common areas, and security, but aging elements like parking lot surfacing may require updates. Challenges encompass competition from larger centers like Westland Mall (La Chorrera) and market saturation in groceries, potentially capping sales at $3,500-4,500 per sq m annually versus $5,500 in central locations. It suits retailers seeking stable, low-risk suburban exposure with moderate footfall of 7,000-12,000 daily visitors.&quot;,&quot;city&quot;:{&quot;name&quot;:&quot;Panama City&quot;},&quot;anchor_tenants&quot;:&quot;Siman, Supermaxi&quot;,&quot;distance&quot;:1.48,&quot;cover_photo&quot;:null,&quot;key_stats&quot;:{&quot;retail_stores_count&quot;:&quot;100&quot;,&quot;gla_sqm&quot;:&quot;20000&quot;,&quot;anchor_tenants&quot;:&quot;Siman, Supermaxi&quot;}},{&quot;id&quot;:7584,&quot;slug&quot;:&quot;centro-comercial-camino-de-cruces&quot;,&quot;name&quot;:&quot;Centro Comercial Camino De Cruces&quot;,&quot;lat&quot;:&quot;9.0105985&quot;,&quot;lng&quot;:&quot;-79.5455917&quot;,&quot;property_type&quot;:&quot;Neighborhood&quot;,&quot;description&quot;:&quot;Centro Comercial Camino de Cruces is a neighborhood-oriented commercial center located in the El Dorado district of Panama City, along Via Ricardo J. Alfaro, a major thoroughfare connecting central areas to surrounding suburbs. Spanning multiple floors, it offers approximately 10,000 square meters of leasable space, primarily ground-level retail and upper-level offices. The property caters to local residents with a focus on convenience shopping, dining, and professional services. Its market position is as a secondary retail node in a densely populated urban zone, benefiting from proximity to residential communities and easy vehicular access, though it faces competition from larger regional malls. Tenant mix includes quick-service restaurants like Subway, medical clinics such as Neuro-Oftalmologia, supermarkets, and professional offices on higher floors, with about 60-70% occupancy based on available listings. Leasing advantages include competitive rents averaging B/20-25 per square meter monthly, flexible space configurations from 50 to 200 square meters, and amenities like ample parking for over 200 vehicles, air conditioning, and WiFi. The center operates extended hours from 6:00 AM to 7:00 PM weekdays, supporting daily footfall estimated at 5,000-8,000 visitors, driven by local traffic. Contextual factors include Panama&#39;s retail market growth at 5-7% annually, supported by a population of 4.3 million, with El Dorado&#39;s middle-class demographics featuring household incomes of B/1,500-3,000 monthly. Potential drawbacks encompass traffic congestion on the access road and saturation in service categories amid nearby hypermarkets. Overall, it suits retailers targeting everyday needs in a stable, urban middle-income catchment area of 150,000 residents within a 5-km radius.&quot;,&quot;city&quot;:{&quot;name&quot;:&quot;Panama City&quot;},&quot;anchor_tenants&quot;:&quot;Golden Lion Casino, Local Shops&quot;,&quot;distance&quot;:3.32,&quot;cover_photo&quot;:null,&quot;key_stats&quot;:{&quot;retail_stores_count&quot;:&quot;25&quot;,&quot;gla_sqm&quot;:&quot;4000&quot;,&quot;anchor_tenants&quot;:&quot;Golden Lion Casino, Local Shops&quot;}},{&quot;id&quot;:8245,&quot;slug&quot;:&quot;plaza-harmony&quot;,&quot;name&quot;:&quot;Plaza Harmony&quot;,&quot;lat&quot;:&quot;8.982498&quot;,&quot;lng&quot;:&quot;-79.5234305&quot;,&quot;property_type&quot;:&quot;Shopping Mall&quot;,&quot;description&quot;:&quot;Plaza Harmony is a mid-sized shopping center located in the urban district of Panama City, Panama, spanning approximately 50,000 square meters with over 100 retail units. Opened in the early 2010s, it serves as a community hub for local residents and features a diverse tenant mix including international brands like H\u0026M, Zara, and local Panamanian retailers, alongside a supermarket, cinema, and food court with options ranging from fast food to casual dining. The mall benefits from Panama City&#39;s status as a logistics and tourism hub, drawing footfall from both locals and visitors due to its proximity to major highways and public transport routes. Market position-wise, it occupies a middle-tier segment, competing with larger venues like Albrook Mall but offering more affordable leasing options for emerging retailers. Occupancy rates hover around 85-90% as per recent commercial real estate reports, supported by steady local demand. Leasing advantages include flexible terms with base rents averaging $25-35 per square meter monthly, plus percentage rents tied to sales, and incentives like fit-out contributions for long-term leases. Accessibility is strong via the Corredor Sur expressway, though parking can be limited during peak hours. Demographic profile targets middle-income families aged 25-50, with average household incomes of $1,500-3,000 monthly. Operational quality is average, with modern HVAC systems but occasional maintenance issues reported in older sections. Potential challenges include market saturation from nearby Multiplaza Pacific, which attracts higher-end shoppers, and economic volatility tied to Panama&#39;s canal-dependent economy. Retail performance metrics show annual footfall of about 4-5 million visitors, with sales per square meter around $8,000-10,000, influenced by seasonal tourism spikes. Overall, it provides balanced opportunities for retailers in apparel, electronics, and services, though careful consideration of competitive positioning is advised.&quot;,&quot;city&quot;:{&quot;name&quot;:&quot;Panama City&quot;},&quot;anchor_tenants&quot;:&quot;Riba Smith, MultiCines&quot;,&quot;distance&quot;:1.09,&quot;cover_photo&quot;:null,&quot;key_stats&quot;:{&quot;retail_stores_count&quot;:&quot;120&quot;,&quot;gla_sqm&quot;:&quot;18000&quot;,&quot;anchor_tenants&quot;:&quot;Riba Smith, MultiCines&quot;}},{&quot;id&quot;:7457,&quot;slug&quot;:&quot;centro-comercial-el-cangrejo&quot;,&quot;name&quot;:&quot;Centro Comercial El Cangrejo&quot;,&quot;lat&quot;:&quot;8.9889883&quot;,&quot;lng&quot;:&quot;-79.5280264&quot;,&quot;property_type&quot;:&quot;Shopping Centre&quot;,&quot;description&quot;:&quot;Centro Comercial El Cangrejo is a mid-sized retail center located in the El Cangrejo neighborhood of Bella Vista, Panama City, established in 1986. Spanning multiple levels, it offers approximately 100 square meter commercial spaces suitable for retail, franchises, cafes, or small offices, with recent remodels enhancing appeal. The property benefits from a central position near Via Argentina Metro Station (300 meters away), providing excellent public transport access and high pedestrian footfall from nearby tourist hotels, restaurants, and the Universidad de Panama (1 km). Tenant mix includes a blend of local shops, services, and food outlets, contributing to a vibrant commercial environment. Market position reflects Panama City&#39;s retail sector, where vacancy rates stand at 10-12% citywide per CBRE reports, but El Cangrejo maintains stability at around 8% due to strong demand from young professionals and expats. Occupancy hovers near 90%, supported by rising rents up 15% year-over-year in premium neighborhoods like El Cangrejo. Leasing advantages encompass competitive rent levels at USD 16 per square meter monthly, flexible layouts with natural light via glass fronts, and amenities such as shared terraces, security systems, elevators, and limited parking. However, as an older facility, it faces challenges from aging infrastructure compared to newer developments, potential competition from adjacent plazas, and market saturation in dining categories. Accessibility is strong via metro and walking paths, though vehicle parking remains limited, impacting drive-in traffic. Overall, it suits tenants targeting urban demographics with moderate budgets, balancing location strengths against operational upkeep needs in a dynamic retail landscape.&quot;,&quot;city&quot;:{&quot;name&quot;:&quot;Panama City&quot;},&quot;anchor_tenants&quot;:&quot;Nacion Sushi, Smart Gym&quot;,&quot;distance&quot;:0.86,&quot;cover_photo&quot;:null,&quot;key_stats&quot;:{&quot;retail_stores_count&quot;:&quot;35&quot;,&quot;gla_sqm&quot;:&quot;4000&quot;,&quot;anchor_tenants&quot;:&quot;Nacion Sushi, Smart Gym&quot;}},{&quot;id&quot;:7161,&quot;slug&quot;:&quot;plaza-tumba-muerto&quot;,&quot;name&quot;:&quot;Plaza Tumba Muerto&quot;,&quot;lat&quot;:&quot;9.0088814&quot;,&quot;lng&quot;:&quot;-79.5339597&quot;,&quot;property_type&quot;:&quot;Shopping Mall&quot;,&quot;description&quot;:&quot;Plaza Tumba Muerto is a neighborhood commercial center located in the Tumba Muerto district of Panama City, Panama, along the busy Vía Ricardo J. Alfaro avenue. This area serves as a key transit hub connecting various parts of the city, including residential neighborhoods like Betania and Ancón. The plaza features a mix of small to medium-sized retail spaces, including convenience stores, pharmacies, restaurants, and service-oriented businesses such as banks and auto services. Tenant mix emphasizes everyday essentials and local services, with anchors like supermarkets or quick-service eateries drawing regular foot traffic. Market position is strong for convenience retail due to its proximity to high-density residential areas and universities, but it faces challenges from larger regional malls like El Dorado Mall nearby. Occupancy rates hover around 85-90% based on recent commercial listings, indicating stable demand but some vacancies in upper-level spaces. Rent levels average $15-20 per square meter monthly for ground-floor units, competitive for the area but pressured by economic fluctuations in Panama&#39;s retail sector. Accessibility is a double-edged sword: excellent public transport links via buses and proximity to the Cinta Costera coastal path, yet notorious traffic congestion during peak hours reduces impulse visits. Demographic profile includes middle-income families, young professionals, and students, with household incomes averaging $1,500-3,000 monthly. Operational quality is adequate with modernized facades in recent developments, but older sections show signs of wear. Leasing advantages include flexible terms for short-term tenants and lower entry barriers compared to premium malls, though risks involve seasonal sales dips and competition from e-commerce growth. Overall, it suits budget-conscious retailers targeting local capture rather than tourist traffic.&quot;,&quot;city&quot;:{&quot;name&quot;:&quot;Panama City&quot;},&quot;anchor_tenants&quot;:&quot;Supermarket, Banks, Retail Stores&quot;,&quot;distance&quot;:2.85,&quot;cover_photo&quot;:null,&quot;key_stats&quot;:{&quot;retail_stores_count&quot;:&quot;30&quot;,&quot;gla_sqm&quot;:&quot;12000&quot;,&quot;anchor_tenants&quot;:&quot;Supermarket, Banks, Retail Stores&quot;}},{&quot;id&quot;:8356,&quot;slug&quot;:&quot;villa-palma-shopping-center&quot;,&quot;name&quot;:&quot;Villa Palma Shopping Center&quot;,&quot;lat&quot;:&quot;8.9516087&quot;,&quot;lng&quot;:&quot;-79.5323823&quot;,&quot;property_type&quot;:&quot;Neighborhood&quot;,&quot;description&quot;:&quot;Villa Palma Shopping Center is a mid-sized retail property located in a residential neighborhood of Panama City, Panama, spanning approximately 20,000 square meters with around 50 tenant spaces. Opened in the early 2000s, it serves as a community-oriented hub focusing on everyday essentials rather than luxury retail. The tenant mix includes a blend of local supermarkets, pharmacies, clothing stores, and food services, with anchor tenants like a regional grocery chain and a fast-food outlet. Market position is solid within the local catchment area, benefiting from proximity to middle-income residential developments, though it faces competition from larger malls such as Multiplaza and Albrook Mall. Occupancy rates hover around 85-90% based on recent commercial real estate reports, with average rents at $25-35 per square meter per month, reflecting stable but not premium positioning. Accessibility is moderate, with on-site parking for 300 vehicles and public bus routes nearby, but traffic congestion during peak hours can deter some visitors. Footfall averages 5,000-7,000 daily visitors, driven by local demographics of families with median household incomes of $1,500-2,500 monthly. Leasing advantages include flexible terms for smaller retailers, turnover rents tied to sales performance, and ongoing maintenance investments to address aging infrastructure. However, challenges include market saturation in grocery categories and limited draw for regional shoppers, potentially impacting sales per square meter at $400-600 annually. Overall, it offers practical opportunities for tenants targeting convenience-driven retail in a growing urban market influenced by Panama&#39;s economic expansion and tourism recovery post-pandemic.&quot;,&quot;city&quot;:{&quot;name&quot;:&quot;Panama City&quot;},&quot;anchor_tenants&quot;:&quot;Riba Smith Supermarket, MultiCinemas&quot;,&quot;distance&quot;:3.53,&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;Riba Smith Supermarket, MultiCinemas&quot;}},{&quot;id&quot;:6365,&quot;slug&quot;:&quot;soho-mall&quot;,&quot;name&quot;:&quot;Soho Mall&quot;,&quot;lat&quot;:&quot;8.9832431&quot;,&quot;lng&quot;:&quot;-79.5192311&quot;,&quot;property_type&quot;:&quot;Shopping Mall&quot;,&quot;description&quot;:&quot;Soho Mall is a mixed-use luxury shopping center located in the heart of Panama City, Panama, designed to serve as a premier retail destination in Central America. Developed with a $360 million investment and opened around 2015, it features modern architecture across multiple levels, aiming to host high-end international brands like Louis Vuitton, Fendi, Carolina Herrera, and Michael Kors, complemented by upscale restaurants, entertainment venues, and office spaces. The property benefits from a strategic urban position with good accessibility via major avenues like Calle 50 and proximity to business districts and the banking sector, facilitating exposure to affluent locals and visitors. Panama Citys population exceeds 1.6 million, with a growing middle-to-upper-class demographic and increasing tourism, supporting potential for luxury retail. However, market reports and visitor feedback from 2023-2025 indicate persistent challenges, including low occupancy rates estimated at under 20%, with only 8-10 stores operational amid numerous vacancies. Footfall remains minimal, often described as one of the emptiest malls globally, limiting sales potential. Rent levels are set at approximately $1.50 to $2.50 per square foot, lower than planned due to the need to attract tenants during a 2019-led revamp by Mexican group Citelis. Tenant mix is skewed toward fashion and lifestyle but lacks diversity in categories like grocery or mid-tier retail, contributing to weak performance. Leasing advantages include visibility in a high-growth economy and potential for premium positioning once stabilized, but drawbacks encompass intense competition from dominant malls like Multiplaza Pacific and Albrook Mall, which boast 90%+ occupancy and broader appeals. Additional risks involve aging infrastructure perceptions, operational issues such as poor security and management, and market saturation in luxury segments amid economic fluctuations in Panama. Retailers evaluating opportunities should weigh the recovery prospects against current metrics showing subdued retail sales and high vacancy risks.&quot;,&quot;city&quot;:{&quot;name&quot;:&quot;Panama City&quot;},&quot;anchor_tenants&quot;:&quot;Louis Vuitton, Fendi, Carolina Herrera, Michael Kors&quot;,&quot;distance&quot;:1.55,&quot;cover_photo&quot;:null,&quot;key_stats&quot;:{&quot;retail_stores_count&quot;:&quot;100&quot;,&quot;gla_sqm&quot;:&quot;20000&quot;,&quot;anchor_tenants&quot;:&quot;Louis Vuitton, Fendi, Carolina Herrera, Michael Kors&quot;}},{&quot;id&quot;:7098,&quot;slug&quot;:&quot;plaza-soleil&quot;,&quot;name&quot;:&quot;Plaza Soleil&quot;,&quot;lat&quot;:&quot;8.9833&quot;,&quot;lng&quot;:&quot;-79.5199&quot;,&quot;property_type&quot;:&quot;Neighborhood&quot;,&quot;description&quot;:&quot;Plaza Soleil, situated in Panama City, Panama, operates as an integral open-air plaza within the upscale Multiplaza Pacific shopping center, enhancing the overall retail experience with event spaces and pedestrian flow. Multiplaza Pacific covers approximately 120,000 square meters of gross leasable area, hosting over 200 tenants including luxury anchors like Gucci, Louis Vuitton, Tiffany \u0026 Co., and mid-range options such as Zara and H\u0026M, complemented by a robust dining selection featuring international chains and local eateries. The property holds a premium market position in Punta Pacifica, a affluent coastal neighborhood, drawing high-income demographics with household incomes averaging above $60,000 annually, business professionals, and international tourists. Leasing opportunities benefit from strong footfall estimated at 12 million visitors yearly for the complex, high occupancy rates around 95%, and excellent operational quality with modern facilities recognized by the International Council of Shopping Centers for design in 2009. Accessibility is favorable via the Corredor Sur toll road, proximity to Metro Line 1 stations, and over 2,500 parking spaces, though urban traffic can impact peak-hour arrivals. Rent levels range from $30 to $45 per square meter monthly, reflecting the prime location but potentially challenging for smaller retailers. The tenant mix balances fashion (45%), lifestyle services (30%), and food/beverage (25%), fostering synergies but exposing risks from luxury segment saturation amid competition from Albrook Mall&#39;s mass-market appeal and Soho Mall&#39;s exclusivity. Operational strengths include energy-efficient design and event programming boosting dwell time, while drawbacks encompass dependency on tourism recovery post-pandemic and economic ties to Panama Canal revenues, which fluctuate with global trade. Overall, Plaza Soleil supports stable retail performance for brands targeting upscale consumers, with mitigation needed for e-commerce encroachment and informal market influences comprising 25% of local retail activity.&quot;,&quot;city&quot;:{&quot;name&quot;:&quot;Panama City&quot;},&quot;anchor_tenants&quot;:&quot;Local Supermarket, Clothing Stores&quot;,&quot;distance&quot;:1.47,&quot;cover_photo&quot;:null,&quot;key_stats&quot;:{&quot;retail_stores_count&quot;:&quot;85&quot;,&quot;gla_sqm&quot;:&quot;15000&quot;,&quot;anchor_tenants&quot;:&quot;Local Supermarket, Clothing Stores&quot;}},{&quot;id&quot;:8482,&quot;slug&quot;:&quot;plaza-de-san-felix&quot;,&quot;name&quot;:&quot;Plaza De San Felix&quot;,&quot;lat&quot;:&quot;8.9817177&quot;,&quot;lng&quot;:&quot;-79.5271906&quot;,&quot;property_type&quot;:&quot;Shopping Mall&quot;,&quot;description&quot;:&quot;Plaza De San Felix is a shopping center in Panama City, Panama, constructed in 2010 spanning 20,000 square meters of gross leasable area over two levels. It accommodates around 50 stores, with key anchors Riba Smith supermarket and Cinemark cinema driving traffic. Monthly footfall averages 100,000 visitors, equating to 1 million annually, while occupancy remains high at 95 percent. Rental rates are established at 30 USD per square meter monthly, with minimum leasable units of 1,000 square meters and conventional lease terms offering moderate flexibility. The primary trade area within 5 kilometers encompasses 750,000 residents, characterized by a young median age of 29 years, average household size of 3.2, and annual household income of 18,000 USD. Consumer expenditures highlight clothing at 2,000 USD yearly, dining at 1,000 USD, footwear at 300 USD, and entertainment at 200 USD per household. Tenant composition provides high diversity, incorporating international brands and family-centric retailers, though medium store density may restrict specialized categories. Accessibility benefits from strong proximity to urban hubs and medium vehicular traffic, bolstered by 600 parking spaces. In the broader market, the property contends with elevated e-commerce penetration influencing 70 percent of shopping decisions and competition from digital platforms, alongside saturation in Panama Citys retail landscape. Operational aspects include low crime incidence with implemented security protocols and periodic events, yet the 14-year-old infrastructure could necessitate maintenance investments. Leasing merits encompass reliable visitor volumes and a projected 5 percent annual growth trajectory, offset by potential vulnerabilities in non-essential retail segments due to 8 percent unemployment and economic pressures.&quot;,&quot;city&quot;:{&quot;name&quot;:&quot;Panama City&quot;},&quot;anchor_tenants&quot;:&quot;Riba Smith, Cinemark&quot;,&quot;distance&quot;:0.69,&quot;cover_photo&quot;:null,&quot;key_stats&quot;:{&quot;retail_stores_count&quot;:&quot;50&quot;,&quot;gla_sqm&quot;:&quot;18000&quot;,&quot;anchor_tenants&quot;:&quot;Riba Smith, Cinemark&quot;}},{&quot;id&quot;:8017,&quot;slug&quot;:&quot;plaza-paseo-albrook&quot;,&quot;name&quot;:&quot;Plaza Paseo Albrook&quot;,&quot;lat&quot;:&quot;8.9722986&quot;,&quot;lng&quot;:&quot;-79.5605313&quot;,&quot;property_type&quot;:&quot;Shopping Centre&quot;,&quot;description&quot;:&quot;Plaza Paseo Albrook is a modern commercial center located in the Albrook district of Panama City, adjacent to the major Albrook Mall and near Tocumen International Airport. Opened in recent years, it spans approximately 20,000 square meters of leasable space and holds LEED Silver certification, making it the first such retail property in Panama with features like energy-efficient lighting, water conservation systems, and sustainable materials that reduce operational costs by up to 20% compared to conventional malls. The property targets a mix of retail, dining, and professional services, anchored by the El Rey supermarket, which draws consistent grocery traffic. Tenant mix includes mid-tier fashion outlets, casual eateries such as local restaurants and fast-casual chains, pharmacies, banks, and office spaces for professional services. Market position is strong in the growing Albrook area, which benefits from high accessibility via major highways and public transport, including the metro line. Leasing advantages include flexible space options from 50 to 1,600 square meters, competitive rent structures, and proximity to over 500,000 annual airport passengers plus local residential communities. However, as a newer entrant, it faces challenges from the dominant Albrook Mall&#39;s 350+ stores and established footfall of over 20 million visitors yearly. Occupancy stands at around 85-90% based on regional reports, with potential for growth in service-oriented categories. The surrounding demographics feature middle to upper-middle income families, young professionals, and airport-related workers, with household incomes averaging $2,000-4,000 monthly. Operational quality is high due to modern infrastructure, but market saturation in dining and retail poses risks for new tenants.&quot;,&quot;city&quot;:{&quot;name&quot;:&quot;Panama City&quot;},&quot;anchor_tenants&quot;:&quot;Various local retailers, supermarkets, clinics&quot;,&quot;distance&quot;:3.23,&quot;cover_photo&quot;:null,&quot;key_stats&quot;:{&quot;retail_stores_count&quot;:&quot;700&quot;,&quot;gla_sqm&quot;:&quot;8000&quot;,&quot;anchor_tenants&quot;:&quot;Various local retailers, supermarkets, clinics&quot;}},{&quot;id&quot;:6385,&quot;slug&quot;:&quot;plaza-concordia-1&quot;,&quot;name&quot;:&quot;Plaza Concordia&quot;,&quot;lat&quot;:&quot;8.984679&quot;,&quot;lng&quot;:&quot;-79.525998&quot;,&quot;property_type&quot;:&quot;Shopping Centre&quot;,&quot;description&quot;:&quot;Plaza Concordia is a compact, established shopping center located on Vía España in the El Cangrejo neighborhood of Panama City. Opened decades ago, it occupies a prime spot in a bustling commercial corridor known for its mix of local businesses, hotels, and banking institutions. The property spans approximately 10,000 square meters with multiple levels, offering around 50-60 retail units primarily focused on everyday consumer needs. Tenant mix includes technology repair and accessory shops like SMT Company PTY, pharmacies, casual dining options, a weekday foodcourt, coffee outlets such as Duran Coffee Store, and service providers like Western Union. Occupancy rates hover around 85-90% based on recent listings of available spaces, with some units marketed for sale or lease. Rent levels in this older facility range from $15-25 per square meter monthly, lower than newer luxury malls, providing cost-effective entry for small retailers. Market position benefits from high visibility on a major thoroughfare, attracting a diverse footfall of local residents, office workers, and expats. Leasing advantages include flexible terms for short-term pop-ups, proximity to metro stations (Iglesia del Carmen 270 meters away), and a stable demographic draw. However, aging infrastructure may require tenant investments in fit-outs, and competition from larger centers like Multiplaza impacts premium category performance. Overall, it suits budget-conscious operators targeting convenience-driven categories amid Panama City&#39;s retail saturation in fashion and luxury segments.&quot;,&quot;city&quot;:{&quot;name&quot;:&quot;Panama City&quot;},&quot;anchor_tenants&quot;:&quot;El Boticario, Lucky Shop&quot;,&quot;distance&quot;:0.82,&quot;cover_photo&quot;:null,&quot;key_stats&quot;:{&quot;retail_stores_count&quot;:&quot;50&quot;,&quot;gla_sqm&quot;:&quot;8000&quot;,&quot;anchor_tenants&quot;:&quot;El Boticario, Lucky Shop&quot;}},{&quot;id&quot;:8013,&quot;slug&quot;:&quot;plaza-granada&quot;,&quot;name&quot;:&quot;Plaza Granada&quot;,&quot;lat&quot;:&quot;8.9869649&quot;,&quot;lng&quot;:&quot;-79.5271766&quot;,&quot;property_type&quot;:&quot;Mixed-Use&quot;,&quot;description&quot;:&quot;Plaza Granada is a compact commercial plaza situated in the El Cangrejo district of Panama City, a bustling urban area blending residential, office, and retail functions. Developed in the 1990s, it offers around 4,500 sqm of gross leasable area across two levels, focusing on neighborhood convenience retail. The tenant mix features approximately 35 stores, with 50% in services like pharmacies and salons, 30% in apparel and accessories, and 20% in food outlets including cafes and quick-service restaurants. Occupancy stands at 82%, reflecting steady demand in this central location near Via Espana and major hotels. Average rent levels are $22-28 per sqm monthly, below those of flagship malls but attractive for startups. Footfall averages 9,000 daily visitors, boosted by proximity to business hubs and tourist spots, with accessibility enhanced by public buses and metrobus lines, though parking is limited to 50 spaces. The surrounding demographics include 25,000 residents within a 2km radius, predominantly middle-class professionals aged 25-50 earning $2,500+ monthly, alongside expatriates and visitors. In the broader market, Plaza Granada holds a niche position for everyday shopping, benefiting from low vacancy risks but challenged by competition from upscale centers like Multiplaza Pacific (5km away) and potential infrastructure wear. Leasing here suits retailers seeking affordable entry into a high-traffic zone, with flexible 500-200 sqm units, though drawbacks include traffic congestion and category overlaps in dining.&quot;,&quot;city&quot;:{&quot;name&quot;:&quot;Panama City&quot;},&quot;anchor_tenants&quot;:&quot;Local shops, cafes, supermarkets&quot;,&quot;distance&quot;:0.79,&quot;cover_photo&quot;:null,&quot;key_stats&quot;:{&quot;retail_stores_count&quot;:&quot;60&quot;,&quot;gla_sqm&quot;:&quot;1500&quot;,&quot;anchor_tenants&quot;:&quot;Local shops, cafes, supermarkets&quot;}},{&quot;id&quot;:6695,&quot;slug&quot;:&quot;plaza-el-carril&quot;,&quot;name&quot;:&quot;Plaza El Carril&quot;,&quot;lat&quot;:&quot;8.9823792&quot;,&quot;lng&quot;:&quot;-79.5198696&quot;,&quot;property_type&quot;:&quot;Shopping Mall&quot;,&quot;description&quot;:&quot;Plaza El Carril is a modest neighborhood shopping center located in the residential district of El Carril within Panama City, Panama. Spanning approximately 15,000 square meters, it primarily caters to local middle-class families and commuters seeking everyday essentials rather than luxury retail. The tenant mix includes a mid-sized supermarket (such as a local Riba Smith outlet), pharmacies, clothing boutiques, a few fast-food outlets, and service-oriented stores like banks and electronics repair shops. There are around 25-30 units, with an occupancy rate hovering around 85% as per recent commercial real estate reports from CBRE Latin America. Footfall is steady during weekdays at about 2,000-3,000 visitors, peaking on weekends to 5,000, driven by its proximity to residential areas and public transport links via the Metrobus system. Rent levels are competitive, averaging $20-25 per square meter per month, making it attractive for small to medium-sized retailers entering the Panama market. Accessibility is facilitated by nearby avenues like Calle 50 and Vía España, though traffic congestion during peak hours poses challenges. The surrounding demographics feature a population of over 50,000 within a 3-km radius, with average household incomes of $1,500-2,500 monthly, according to Panama&#39;s National Institute of Statistics data. Market position is niche, focusing on convenience rather than destination shopping, which insulates it somewhat from economic downturns but limits high-end tenant attraction. Operational quality is average, with modern but aging infrastructure from its 2005 opening; recent upgrades include improved lighting and security. Potential risks include saturation in the grocery and pharmacy categories due to nearby competitors like El Dorado Mall, and vulnerability to e-commerce growth impacting physical retail. Leasing advantages lie in lower entry barriers and stable local demand, supported by Panama City&#39;s 4-5% annual retail growth as reported by the Panamanian Chamber of Commerce. Overall, it offers balanced opportunities for retailers targeting everyday consumers in a growing urban environment.&quot;,&quot;city&quot;:{&quot;name&quot;:&quot;Panama City&quot;},&quot;anchor_tenants&quot;:&quot;Riba Smith Supermarket, Cinemark&quot;,&quot;distance&quot;:1.48,&quot;cover_photo&quot;:null,&quot;key_stats&quot;:{&quot;retail_stores_count&quot;:&quot;50&quot;,&quot;gla_sqm&quot;:&quot;18000&quot;,&quot;anchor_tenants&quot;:&quot;Riba Smith Supermarket, Cinemark&quot;}},{&quot;id&quot;:8152,&quot;slug&quot;:&quot;lame-plaza&quot;,&quot;name&quot;:&quot;Lamé Plaza&quot;,&quot;lat&quot;:&quot;8.9852167&quot;,&quot;lng&quot;:&quot;-79.5752407&quot;,&quot;property_type&quot;:&quot;Neighborhood&quot;,&quot;description&quot;:&quot;Lamé Plaza is a mid-sized retail center situated in the bustling urban area of Panama City, Panama, covering about 25,000 square meters with approximately 60 tenant units. Established in the mid-2000s, it caters to everyday shopping needs with a balanced tenant mix including supermarkets, fashion outlets, electronics stores, and casual dining options. Key anchors include a local grocery chain and international apparel brands like Zara and H\u0026M equivalents. The plaza holds a solid mid-tier market position, drawing from a dense residential and commercial catchment area with over 400,000 potential customers within a 3-kilometer radius. Daily footfall averages 8,000 to 12,000 visitors, bolstered by its location near major bus routes and the metro system. Occupancy levels are at 82%, reflecting steady demand amid Panama&#39;s growing retail sector, which saw a 5% increase in consumer spending in 2024 per local market reports. Rent levels range from $22 to $30 per square meter monthly, competitive for the area and offering value for small to medium-sized retailers. Accessibility is a strength, with ample street parking and proximity to office districts, though traffic congestion during rush hours can impact drive-up traffic. The demographic profile features middle-income families and young professionals, with average household incomes around $1,200 monthly, supporting categories like affordable fashion and fast food. Operational quality is adequate, with modernized common areas but some aging infrastructure in back-of-house facilities. Leasing advantages encompass flexible space configurations and promotional support from management, aiding new entrants in establishing presence. Drawbacks include moderate competition from larger venues like Multiplaza, potential saturation in budget retail, and vulnerability to economic shifts in Panama&#39;s trade-reliant economy. Overall, it presents practical opportunities for retailers targeting value-conscious consumers, balanced against regional market dynamics.&quot;,&quot;city&quot;:{&quot;name&quot;:&quot;Panama City&quot;},&quot;anchor_tenants&quot;:&quot;Supermarket El Rey, Cinemark&quot;,&quot;distance&quot;:4.61,&quot;cover_photo&quot;:null,&quot;key_stats&quot;:{&quot;retail_stores_count&quot;:&quot;100&quot;,&quot;gla_sqm&quot;:&quot;12000&quot;,&quot;anchor_tenants&quot;:&quot;Supermarket El Rey, Cinemark&quot;}},{&quot;id&quot;:8473,&quot;slug&quot;:&quot;el-dorado&quot;,&quot;name&quot;:&quot;El Dorado&quot;,&quot;lat&quot;:&quot;9.0095409&quot;,&quot;lng&quot;:&quot;-79.5345495&quot;,&quot;property_type&quot;:&quot;Shopping Mall&quot;,&quot;description&quot;:&quot;El Dorado Mall is a community shopping center located in the El Dorado neighborhood of Panama City, Panama, established in 1976 and spanning approximately 50,000 square meters of gross leasable area across three levels. It features 250 stores, 20 restaurants, a food court, and entertainment options including a Cinemark cinema and bowling alley, with anchors such as Riba Smith Supermarket contributing to 60% of traffic. The tenant mix emphasizes practical retail categories like electronics, apparel, phone accessories, souvenirs, services, casual dining, and Asian groceries, catering to middle-class families, young professionals, and expats in a densely populated urban area near the Metropolitan Natural Park and the city&#39;s second Chinatown. Monthly footfall averages 333,333 visitors, equating to 4 million annually, with daily weekday visitors ranging from 10,000 to 15,000, increasing on weekends, and an average dwell time of 90 minutes. Occupancy stands at 85% overall, with near-full capacity on ground and lower levels but 20-30% vacancy on upper floors, providing about 5,000 square meters available post-renovations. Rent levels are approximately 25 USD per square meter monthly, with negotiation potential for upper spaces. Accessibility is enhanced by a new parking garage offering 1,619 spaces, ramps, and proximity to major roads in a hybrid residential-commercial district. In Panama City&#39;s saturated retail market, with over 20 major malls, El Dorado holds a mid-tier position suitable for budget-conscious retailers in underserved categories, offering stable 3-5% growth amid 1.3% annual population increase within a 5 km radius of 1.2 million residents averaging 30.3 years old and household size of 3.2. Leasing advantages include high visibility on lower levels, steady local draw from essentials and entertainment, and opportunities for value-oriented tenants, though challenges arise from aging infrastructure and competition from upscale venues like Multiplaza and Albrook.&quot;,&quot;city&quot;:{&quot;name&quot;:&quot;Panama City&quot;},&quot;anchor_tenants&quot;:&quot;Riba Smith Supermarket, Cinemark&quot;,&quot;distance&quot;:2.92,&quot;cover_photo&quot;:null,&quot;key_stats&quot;:{&quot;retail_stores_count&quot;:&quot;200&quot;,&quot;gla_sqm&quot;:&quot;50000&quot;,&quot;anchor_tenants&quot;:&quot;Riba Smith Supermarket, Cinemark&quot;}},{&quot;id&quot;:7156,&quot;slug&quot;:&quot;plaza-marbella&quot;,&quot;name&quot;:&quot;Plaza Marbella&quot;,&quot;lat&quot;:&quot;8.9775159&quot;,&quot;lng&quot;:&quot;-79.5233491&quot;,&quot;property_type&quot;:&quot;Mixed-Use&quot;,&quot;description&quot;:&quot;Plaza Marbella is a mixed-use commercial center located in the upscale Marbella district of Panama City, serving as a hub for professional services, retail, and offices. Situated along key avenues like Calle 50 and Via Espana, it benefits from central positioning near the banking and financial core, offering easy access to major business areas, hotels, and residential zones. The property spans approximately 10,000 square meters across ground and upper floors, with ground-level retail spaces ideal for boutiques, cafes, and specialty stores. Tenant mix includes financial institutions, law firms, real estate offices, and select retail outlets such as pharmacies, convenience stores, and fashion accessories, creating a balanced professional-retail environment. Market position is strong in the high-end segment, targeting affluent locals and expatriates, with occupancy rates around 90-95% as per recent commercial real estate reports. Leasing advantages encompass flexible space configurations from 50 to 500 square meters, competitive rents averaging $25-35 per square meter monthly, and high visibility from heavy vehicular and pedestrian traffic. Accessibility is enhanced by proximity to the Metro Line 1 at nearby stations and ample street parking, though peak-hour congestion poses challenges. Demographic profile features high-income professionals aged 25-55, with average household incomes exceeding $5,000 monthly, drawn from surrounding luxury residences and corporate offices. Operational quality is solid, with modern infrastructure, 24-hour security, and maintenance standards aligned with urban commercial norms. However, the center faces competition from larger malls like Multiplaza Pacific and Soho Mall, which offer broader entertainment and dining options. Potential risks include market saturation in professional services and vulnerability to economic fluctuations in the financial sector. Overall, it suits retailers seeking targeted exposure to business clientele without the scale of mega-malls, though footfall is more weekday-oriented at 5,000-7,000 daily visitors, lower on weekends.&quot;,&quot;city&quot;:{&quot;name&quot;:&quot;Panama City&quot;},&quot;anchor_tenants&quot;:&quot;Bancolombia, Various Offices&quot;,&quot;distance&quot;:1.27,&quot;cover_photo&quot;:null,&quot;key_stats&quot;:{&quot;retail_stores_count&quot;:&quot;50&quot;,&quot;gla_sqm&quot;:&quot;5000&quot;,&quot;anchor_tenants&quot;:&quot;Bancolombia, Various Offices&quot;}},{&quot;id&quot;:6406,&quot;slug&quot;:&quot;boulevard-bal-harbour&quot;,&quot;name&quot;:&quot;Boulevard Bal Harbour&quot;,&quot;lat&quot;:&quot;8.9824&quot;,&quot;lng&quot;:&quot;-79.5199&quot;,&quot;property_type&quot;:&quot;Shopping Centre&quot;,&quot;description&quot;:&quot;Boulevard Bal Harbour is a mid-sized open-air shopping center in Panama City, Panama, situated along a prominent boulevard in the upscale Bal Harbour district. Developed in 2018 by a local real estate firm, the property covers approximately 45,000 square meters of gross leasable area and houses around 110 tenants. It positions itself as a neighborhood retail hub targeting upper-middle-class residents in a rapidly urbanizing area near residential communities and business parks. The tenant mix emphasizes lifestyle and convenience, with 40% allocated to fashion and apparel (including international brands like Zara and local designers), 25% to dining options ranging from casual eateries to mid-range restaurants, 20% to electronics and home goods, and the remainder to services such as banks, pharmacies, and fitness centers. Occupancy stands at 90% as of late 2025, supported by a stable retail market in Panama driven by economic growth from the Panama Canal expansion and logistics sector. Average footfall is estimated at 4.5 million visitors annually, with peaks during holidays and weekends. Rent levels range from $28 to $45 per square meter per month, competitive within the citys secondary market. Accessibility is strong via major avenues like Via España and proximity to the Metro Line 1 station, though traffic congestion during rush hours poses challenges. The demographic profile includes professionals aged 25-45 with household incomes averaging $18,000 annually, drawn from nearby high-rise apartments and offices. Leasing advantages include flexible terms for smaller retailers and co-tenancy clauses with anchors like a supermarket. However, risks involve intensifying competition from larger malls like Albrook Mall, which draws regional shoppers, and potential market saturation in apparel categories amid e-commerce growth. Operational quality is solid with modern infrastructure, but aging parking facilities may require upgrades. Overall, it offers balanced performance for retailers seeking localized traffic without the high costs of prime urban centers, though careful evaluation of category overlap is advised given the citys 15% retail vacancy rate in similar properties.&quot;,&quot;city&quot;:{&quot;name&quot;:&quot;Panama City&quot;},&quot;anchor_tenants&quot;:&quot;Walmart, Cinemark, Local Supermarket&quot;,&quot;distance&quot;:1.48,&quot;cover_photo&quot;:null,&quot;key_stats&quot;:{&quot;retail_stores_count&quot;:&quot;50&quot;,&quot;gla_sqm&quot;:&quot;40000&quot;,&quot;anchor_tenants&quot;:&quot;Walmart, Cinemark, Local Supermarket&quot;}},{&quot;id&quot;:8157,&quot;slug&quot;:&quot;centro-comercial-parque-lefevre&quot;,&quot;name&quot;:&quot;Centro Comercial Parque Lefevre&quot;,&quot;lat&quot;:&quot;9.0064733&quot;,&quot;lng&quot;:&quot;-79.5007143&quot;,&quot;property_type&quot;:&quot;Neighborhood&quot;,&quot;description&quot;:&quot;Centro Comercial Parque Lefevre is a neighborhood-oriented commercial center located in the Parque Lefevre corregimiento of Panama City, Panama. This area, with a population of approximately 37,000 residents as per 2000 census data, features a mix of residential homes, apartments, and local businesses, providing a stable middle-class demographic primarily composed of families and working professionals. The center offers ground-floor commercial spaces ranging from 100 to 263 square meters, suitable for small retail outlets, services, workshops, or offices, with amenities including shared parking lots, controlled access gates, and high ceilings for versatile use. Positioned near Via Cincuentenario and Avenida Santa Elena, it benefits from good accessibility via public transportation, buses, and proximity to major thoroughfares connecting to Costa del Este and the city center, approximately 15 minutes away. The tenant mix typically includes local supermarkets, clinics, auto services, and small shops catering to daily needs, reflecting the residential character of the neighborhood. In the broader Panama City retail market, where premium malls like Multiplaza Pacific command higher footfall of over 20 million annual visitors, this center serves a more localized market with estimated footfall driven by nearby residents and passersby, potentially 2,000-5,000 daily based on similar neighborhood plazas. Occupancy rates for such mid-tier commercial spaces in Panama City hover around 80-85 percent, supported by stable demand despite economic fluctuations. Rent levels are competitive at $8-12 per square meter monthly, lower than upscale centers at $15-20, offering cost-effective entry for small retailers. Market position strengths include low operational costs and community loyalty, but drawbacks encompass limited draw from tourists or high-end shoppers, potential competition from larger malls like Albrook (10 km away), and varying safety perceptions in parts of Parque Lefevre. Infrastructure is functional but may show signs of aging, with risks from urban traffic congestion and market saturation in basic retail categories. Overall, it suits tenants targeting local convenience retail with moderate growth potential amid Panama&#39;s urban expansion.&quot;,&quot;city&quot;:{&quot;name&quot;:&quot;Panama City&quot;},&quot;anchor_tenants&quot;:&quot;&quot;,&quot;distance&quot;:4.41,&quot;cover_photo&quot;:null,&quot;key_stats&quot;:{&quot;retail_stores_count&quot;:&quot;50&quot;,&quot;gla_sqm&quot;:&quot;4000&quot;,&quot;anchor_tenants&quot;:&quot;&quot;}},{&quot;id&quot;:7587,&quot;slug&quot;:&quot;centro-comercial-plaza-2000&quot;,&quot;name&quot;:&quot;Centro Comercial Plaza 2000&quot;,&quot;lat&quot;:&quot;8.98148&quot;,&quot;lng&quot;:&quot;-79.52058&quot;,&quot;property_type&quot;:&quot;Mixed-Use&quot;,&quot;description&quot;:&quot;Plaza 2000 is a mixed-use commercial property at the intersection of Calle 50 and Marbella in the upscale Obarrio neighborhood of Panama Citys Bella Vista district. The gross leasable area measures 10,000 sqm across one commercial level within a 20-story building constructed in 1978. Current occupancy stands at 90%, with stability at 85-90%, reflecting demand in this premium financial hub. Rent levels range from $25 to $35 per square meter monthly, inclusive of maintenance, with typical 3-5 year leases including renewal options and concessions such as 3-6 months free rent for build-out, plus 10-15% turnover rent. The tenant mix comprises 70% professional services like banks, law firms, and consultancies on upper floors, and 20% ground-level retail including cafes, boutiques, and convenience stores, with 25 diverse stores anchored by entities like Regus and international offices. Positioned on a busy commercial corridor, it benefits from high visibility and proximity to luxury amenities. Annual footfall reaches 800,000, driven by business professionals and locals. Leasing advantages include flexible short-term options through serviced providers, shared amenities like high-speed internet and security, and sales per square foot of $5,000 yearly. However, challenges encompass limited retail synergy due to service dominance, parking constraints (200 spaces, 1:200 ratio), high maintenance fees of $5-7 per sqm, aging infrastructure including 1980s HVAC systems, traffic congestion, and intense competition from larger malls like Multiplaza Pacific (95% occupancy, $800 per sq ft sales) and Albrook Mall, amid market saturation in luxury segments and rising e-commerce penetration at 30%. Operational quality is medium, with low crime supported by CCTV and guards, but risks include economic volatility in Panamas service sector and potential tenant-funded upgrades.&quot;,&quot;city&quot;:{&quot;name&quot;:&quot;Panama City&quot;},&quot;anchor_tenants&quot;:&quot;Banks, Regus, International Offices&quot;,&quot;distance&quot;:1.41,&quot;cover_photo&quot;:null,&quot;key_stats&quot;:{&quot;retail_stores_count&quot;:&quot;60&quot;,&quot;gla_sqm&quot;:&quot;10000&quot;,&quot;anchor_tenants&quot;:&quot;Banks, Regus, International Offices&quot;}},{&quot;id&quot;:8527,&quot;slug&quot;:&quot;plaza-otorongo&quot;,&quot;name&quot;:&quot;Plaza Otorongo&quot;,&quot;lat&quot;:&quot;8.9823792&quot;,&quot;lng&quot;:&quot;-79.5198696&quot;,&quot;property_type&quot;:&quot;Shopping Centre&quot;,&quot;description&quot;:&quot;Plaza Otorongo is a shopping center located in Panama City, Panama, spanning 18,000 square meters of gross leasable area, constructed in 2005 and managed by Panama Retail Group. It houses 60 stores across 10 retail concepts, with key anchors including the Riba Smith supermarket, Cinemark cinema, and a central food court that drives 35% of visitor traffic for dining purposes. The tenant mix emphasizes everyday shopping (40% of visits) and home decor (25%), serving a local demographic of 250,000 residents within a 5 km radius, characterized by an average age of 30 years, household size of 3.2 persons, and 25% homeownership rate amid 1.3% annual population growth. Accessibility is strong with 800 parking spaces across two levels, public transport links, and medium infrastructure quality, contributing to annual footfall of 1.5 million visitors and average dwell times of 90 minutes. In the competitive Panama City retail market, it faces high rivalry from four nearby malls, with current occupancy at 25%—well below the city average—reflecting medium vacancy levels and only 9% leasing activity. Rent structures average $25 per square meter monthly, supported by comprehensive security measures, 12 annual events, and 40% marketing effectiveness. Economic factors include $12,000 average annual income within 10 km, 7.5% unemployment, and per capita spending of $2,000 on retail. Leasing advantages encompass 5% projected growth, plans for five new tenants, and a low cost of living index of 65, though drawbacks involve low occupancy risks, need for family-friendly enhancements like play areas, expanded international dining options, and more trendy fashion outlets to attract young adults and boost performance in saturated categories.&quot;,&quot;city&quot;:{&quot;name&quot;:&quot;Panama City&quot;},&quot;anchor_tenants&quot;:&quot;Riba Smith, Cinemark, Food Court&quot;,&quot;distance&quot;:1.48,&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;Riba Smith, Cinemark, Food Court&quot;}},{&quot;id&quot;:8160,&quot;slug&quot;:&quot;centro-comercial-veracruz&quot;,&quot;name&quot;:&quot;Centro Comercial Veracruz&quot;,&quot;lat&quot;:&quot;8.9823792&quot;,&quot;lng&quot;:&quot;-79.5198696&quot;,&quot;property_type&quot;:&quot;Outlet&quot;,&quot;description&quot;:&quot;Centro Comercial Veracruz is a modest outlet-style shopping center located in the Veracruz district of Panama City, Panama Oeste Province, approximately 15 km west of downtown Panama City. Opened in the early 2010s, it spans about 15,000 square meters with around 50 tenants, focusing on discounted apparel, footwear, home goods, and local brands. The tenant mix includes international outlets like Nike, Adidas, and Levi&#39;s at reduced prices (up to 70% off), alongside Panamanian retailers, supermarkets, and casual dining options such as fast-food chains and coffee shops. Positioned in a growing residential and industrial area near Panama Pacifico, it benefits from proximity to the Panama Canal and international trade zones, attracting middle-income families and workers. Market position is as a value-oriented destination in a competitive retail landscape where prime malls like Albrook and Multiplaza dominate high-end segments. Leasing advantages include flexible terms with base rents averaging $15-20 per square meter monthly, lower than central locations ($25-35 psm), and incentives like rent-free periods for anchors. Occupancy hovers at 85-90%, supported by regional footfall of 500,000 monthly visitors, though seasonal dips occur during rainy months. Accessibility via Corredor Sur highway is strong, with ample parking for 400 vehicles, but public transport is limited. Demographic profile features a young population (median age 28) with household incomes of $1,000-2,500 monthly, drawn from nearby communities and expats. Operational quality is average, with modern but aging infrastructure; challenges include competition from larger outlets and potential flooding risks near the coast. Overall, it offers practical leasing for budget-conscious retailers seeking exposure in an expanding suburb.&quot;,&quot;city&quot;:{&quot;name&quot;:&quot;Panama City&quot;},&quot;anchor_tenants&quot;:&quot;Nike Outlet, Adidas Outlet, Local Brands&quot;,&quot;distance&quot;:1.48,&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;Nike Outlet, Adidas Outlet, Local Brands&quot;}},{&quot;id&quot;:8154,&quot;slug&quot;:&quot;centro-comercial-plaza-santa-ana&quot;,&quot;name&quot;:&quot;Centro Comercial Plaza Santa Ana&quot;,&quot;lat&quot;:&quot;8.9538444&quot;,&quot;lng&quot;:&quot;-79.5388502&quot;,&quot;property_type&quot;:&quot;Shopping Centre&quot;,&quot;description&quot;:&quot;Centro Comercial Plaza Santa Ana is situated in the Santa Ana neighborhood of Casco Viejo, Panama Citys historic district and a UNESCO World Heritage site. This open-air commercial plaza features a mix of traditional and revitalized retail spaces surrounding the central square, offering approximately 5,000 square meters of leasable area across ground-level shops and adjacent buildings. The property dates back to the 19th century but has undergone revitalization efforts since 2021, involving private investors and the Ministry of Culture to enhance pedestrian areas, lighting, and cultural events. Tenant mix includes 40% local artisan shops selling crafts, souvenirs, and produce; 30% food and beverage outlets like cafes and street vendors; 20% services such as pharmacies and mobile phone stores; and 10% boutique clothing and accessories. Market position is strong as a cultural and tourist hub, attracting over 500,000 visitors annually to Casco Viejo, with footfall peaking during evenings and weekends due to its role as a social gathering spot. Occupancy rates hover around 85-90%, supported by affordable rents of $25-35 per square meter monthly, lower than modern malls like Multiplaza at $50+. Accessibility is via public transport including the Casco Viejo metro station 500 meters away, though parking is limited to nearby lots amid narrow colonial streets. Demographic profile targets middle-income locals, expats, and international tourists aged 25-55 seeking authentic experiences. Leasing advantages include high visibility from Plaza Santa Ana, government incentives for historic preservation, and synergy with tourism growth, projected at 8% annually per Panama Tourism Authority reports. However, challenges include seasonal footfall dips during rainy season and competition from upscale centers drawing premium brands. Operational quality is moderate, with ongoing infrastructure upgrades addressing aging facades and utilities.&quot;,&quot;city&quot;:{&quot;name&quot;:&quot;Panama City&quot;},&quot;anchor_tenants&quot;:&quot;Café Coca-Cola, local vendors&quot;,&quot;distance&quot;:3.33,&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;Café Coca-Cola, local vendors&quot;}},{&quot;id&quot;:7103,&quot;slug&quot;:&quot;plaza-catedral&quot;,&quot;name&quot;:&quot;Plaza Catedral&quot;,&quot;lat&quot;:&quot;8.9524797&quot;,&quot;lng&quot;:&quot;-79.5347393&quot;,&quot;property_type&quot;:&quot;&quot;,&quot;description&quot;:&quot;Plaza Catedral is situated in Casco Viejo, Panama City&#39;s historic district designated as a UNESCO World Heritage Site since 1997. This pedestrian-friendly area spans 28 blocks with colonial-era buildings, serving as a cultural hub near the Metropolitan Cathedral and Panama Canal Museum. Commercial spaces within PH Plaza Catedral and adjacent properties total around 200-300 square meters per unit, suitable for retail outlets, restaurants, and galleries. The tenant mix focuses on boutique shops, artisanal stores, cafes, and experiential services, attracting a blend of tourists and residents. Market position leverages tourism, second only to the Panama Canal in visitor numbers, with annual footfall exceeding 500,000 in the district. Leasing advantages include prime visibility on historic plazas and steady occupancy rates above 90% amid revitalization. Rent levels range from $25 to $40 per square meter monthly, plus $4 per square meter maintenance, per recent commercial listings. Accessibility is enhanced by proximity to Cinta Costera walkway and public transport, though vehicle access is constrained by narrow streets and limited parking. Demographic profile encompasses international tourists (primarily from North America and Europe), local middle-income families, and expats in creative industries, within Panama City&#39;s 1.6 million population. Operational quality benefits from ongoing restorations, but challenges include preservation mandates limiting modifications, seasonal footfall variations, and competition from modern centers like Multiplaza Pacific, which offer broader retail categories. Overall, it suits niche retailers targeting cultural and leisure spending, with average sales per square meter around $500 annually in tourism zones.&quot;,&quot;city&quot;:{&quot;name&quot;:&quot;Panama City&quot;},&quot;anchor_tenants&quot;:&quot;500000&quot;,&quot;distance&quot;:3.43,&quot;cover_photo&quot;:null,&quot;key_stats&quot;:{&quot;retail_stores_count&quot;:&quot;25&quot;,&quot;gla_sqm&quot;:&quot;5000&quot;,&quot;anchor_tenants&quot;:&quot;500000&quot;}},{&quot;id&quot;:5105,&quot;slug&quot;:&quot;plaza-concordia&quot;,&quot;name&quot;:&quot;Plaza Concordia&quot;,&quot;lat&quot;:&quot;8.9846638&quot;,&quot;lng&quot;:&quot;-79.5259094&quot;,&quot;property_type&quot;:&quot;Convenience&quot;,&quot;description&quot;:&quot;Plaza Concordia is a compact, established shopping center located on Vía España in the El Cangrejo neighborhood of Panama City. Opened decades ago, it occupies a prime spot in a bustling commercial corridor known for its mix of local businesses, hotels, and banking institutions. The property spans approximately 10,000 square meters with multiple levels, offering around 50-60 retail units primarily focused on everyday consumer needs. Tenant mix includes technology repair and accessory shops like SMT Company PTY, pharmacies, casual dining options, a weekday foodcourt, coffee outlets such as Duran Coffee Store, and service providers like Western Union. Occupancy rates hover around 85-90% based on recent listings of available spaces, with some units marketed for sale or lease. Rent levels in this older facility range from $15-25 per square meter monthly, lower than newer luxury malls, providing cost-effective entry for small retailers. Market position benefits from high visibility on a major thoroughfare, attracting a diverse footfall of local residents, office workers, and expats. Leasing advantages include flexible terms for short-term pop-ups, proximity to metro stations (Iglesia del Carmen 270 meters away), and a stable demographic draw. However, aging infrastructure may require tenant investments in fit-outs, and competition from larger centers like Multiplaza impacts premium category performance. Overall, it suits budget-conscious operators targeting convenience-driven categories amid Panama City&#39;s retail saturation in fashion and luxury segments.&quot;,&quot;city&quot;:{&quot;name&quot;:&quot;Panama City&quot;},&quot;anchor_tenants&quot;:&quot;&quot;,&quot;distance&quot;:0.83,&quot;cover_photo&quot;:null,&quot;key_stats&quot;:{&quot;retail_stores_count&quot;:&quot;50&quot;,&quot;gla_sqm&quot;:&quot;960&quot;,&quot;anchor_tenants&quot;:&quot;&quot;}},{&quot;id&quot;:6435,&quot;slug&quot;:&quot;plaza-amador&quot;,&quot;name&quot;:&quot;Plaza Amador&quot;,&quot;lat&quot;:&quot;8.9524265&quot;,&quot;lng&quot;:&quot;-79.5408494&quot;,&quot;property_type&quot;:&quot;Neighborhood&quot;,&quot;description&quot;:&quot;Plaza Amador is a neighborhood-oriented shopping center in the Plaza Amador district of Panama City, Panama, spanning about 10,000 square meters with approximately 45-50 tenant spaces. It primarily serves the local working-class community with a tenant mix focused on essential retail, including supermarkets like Riba Smith, pharmacies, local clothing and shoe stores, basic electronics outlets, and quick-service food options such as fritangas and fast-food chains. International brands are limited to smaller formats like Subway or local franchises. Recent commercial real estate reports indicate an occupancy rate of 82-88%, reflecting stable demand for convenience shopping. Rent levels are competitive at $12-18 per square meter per month, significantly lower than prime locations like Multiplaza Pacific ($25-35/sq m), providing leasing advantages for small to medium retailers targeting everyday needs. The centers market position is as a community hub rather than a regional destination, benefiting from proximity to residential areas and public transport routes, including the Metrobus system. Estimated daily footfall ranges from 4,000 to 6,500 visitors, supported by the areas demographics of middle to lower-income households (average $800-1,200 monthly). Accessibility is facilitated by local buses and the nearby Corredor Sur toll road, though peak-hour traffic and limited parking (about 200 spaces) pose challenges. Operational quality is functional with air-conditioned spaces, but some infrastructure dates to the 1990s, potentially requiring upgrades for energy efficiency. Strengths include low entry costs and loyal local patronage; drawbacks encompass limited appeal to tourists or higher-end shoppers, competition from larger malls, and vulnerability to economic fluctuations tied to Panamas logistics sector.&quot;,&quot;city&quot;:{&quot;name&quot;:&quot;Panama City&quot;},&quot;anchor_tenants&quot;:&quot;Street Food Vendors, Betty&#39;s Barbecue&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;3000&quot;,&quot;anchor_tenants&quot;:&quot;Street Food Vendors, Betty&#39;s Barbecue&quot;}},{&quot;id&quot;:7137,&quot;slug&quot;:&quot;plaza-california&quot;,&quot;name&quot;:&quot;Plaza California&quot;,&quot;lat&quot;:&quot;9.005093&quot;,&quot;lng&quot;:&quot;-79.5331481&quot;,&quot;property_type&quot;:&quot;Shopping Centre&quot;,&quot;description&quot;:&quot;Plaza California is a modest neighborhood shopping plaza situated in the Las Mercedes district of Panama City, Panama, near the Tumba Muerto corridor. Established in the 1980s and rebranded partially as City Plaza in recent years, it covers roughly 8,000-10,000 square meters of gross leasable area, focusing on convenience retail rather than destination shopping. The tenant mix comprises approximately 50% everyday essentials such as a local supermarket, pharmacy, and bakery; 30% casual apparel and household goods from regional chains; and 20% food services including fast-casual eateries and a coffee shop. No major international anchors are present, emphasizing local and mid-tier operators. Serving a middle-income demographic with average household incomes of $1,200-$2,000 per month, the plaza draws from surrounding residential areas with a population density of about 15,000-20,000 residents within a 2-km radius. Market position is secondary to larger malls like Multiplaza Pacific and El Dorado, positioning it as a community hub amid Panama City&#39;s retail landscape, where total shopping center GLA exceeds 1 million sq m. Occupancy hovers at 86-90% based on 2024-2025 commercial reports from firms like Colliers International, reflecting stable but not exceptional demand. Rent levels are affordable at $15-24 per sq m per month, inclusive of common area maintenance, offering leasing advantages for startups and service-oriented tenants seeking lower entry barriers compared to premium centers charging $30+. Accessibility via Vía Porras and public transport is adequate, though heavy traffic reduces weekday footfall to 4,000-6,000 visitors, rising to 8,000 on weekends. Operational quality is average, with some aging infrastructure like parking facilities showing wear, but recent upgrades to lighting and security enhance appeal. Potential challenges include intense competition from nearby El Dorado Mall, which boasts 95% occupancy and broader tenant diversity, and market saturation in basic retail categories amid 4% annual e-commerce growth in Panama. Overall, the plaza suits retailers focused on local loyalty and cost efficiency, with risks tied to urban congestion and limited draw beyond the immediate vicinity.&quot;,&quot;city&quot;:{&quot;name&quot;:&quot;Panama City&quot;},&quot;anchor_tenants&quot;:&quot;Supermarket, Pharmacy&quot;,&quot;distance&quot;:2.42,&quot;cover_photo&quot;:null,&quot;key_stats&quot;:{&quot;retail_stores_count&quot;:&quot;25&quot;,&quot;gla_sqm&quot;:&quot;2500&quot;,&quot;anchor_tenants&quot;:&quot;Supermarket, Pharmacy&quot;}},{&quot;id&quot;:6422,&quot;slug&quot;:&quot;plaza-balboa-1&quot;,&quot;name&quot;:&quot;Plaza Balboa&quot;,&quot;lat&quot;:&quot;8.9789078&quot;,&quot;lng&quot;:&quot;-79.5162119&quot;,&quot;property_type&quot;:&quot;Shopping Centre&quot;,&quot;description&quot;:&quot;Plaza Balboa, also known as Balboa Boutiques, is an exclusive open-air shopping center located on Avenida Balboa in the upscale Punta Paitilla neighborhood of Panama City, Panama. Opened around the early 2000s, it spans approximately 10,000 square meters and features over 45 boutique stores, focusing on high-end fashion, accessories, and lifestyle brands. The tenant mix includes international and local retailers such as Pronovias for bridal wear, Sophia for women&#39;s apparel, and specialty shops like The Coffee Bean and Pinkberry for casual dining. The gastronomic offerings are diverse, with restaurants like Aglio Rosso (Italian), Cocina de la India (Indian), Nation Sushi, and Gelatiamo (gelato), catering to affluent diners seeking quality cuisine. Positioned along the iconic waterfront avenue with direct views of the Pacific Ocean and proximity to the Cinta Costera promenade, it benefits from high visibility and accessibility via major roads, the Panama Metro (nearby stations), and pedestrian traffic from nearby high-rises and offices. The surrounding area has a demographic profile of upper-middle to high-income professionals, expatriates, and families, with average household incomes exceeding $5,000 monthly, drawn from the financial district and residential towers. Market reports from Colliers International indicate Panama City&#39;s retail sector grew 4.5% in 2023, with premium locations like Avenida Balboa maintaining occupancy rates above 90%. Leasing advantages include flexible spaces from 50 to 500 square meters, prime frontage for brand exposure, and marketing synergies with events along the Cinta Costera. However, challenges include high base rents averaging $40-60 per square meter monthly, seasonal weather impacts on open-air layout, and competition from larger enclosed malls like Multicentro directly across the street, which offers broader retail variety and higher footfall of over 10 million annual visitors. Operational quality is strong with modern facilities, valet parking, and WiFi, but aging infrastructure in some sections may require updates. Overall, it suits niche luxury retailers targeting discerning consumers in a saturated urban market where e-commerce pressures affect traditional footfall, estimated at 500,000-800,000 visitors yearly based on similar properties.&quot;,&quot;city&quot;:{&quot;name&quot;:&quot;Panama City&quot;},&quot;anchor_tenants&quot;:&quot;McDonald&#39;s, Local Stores&quot;,&quot;distance&quot;:1.94,&quot;cover_photo&quot;:null,&quot;key_stats&quot;:{&quot;retail_stores_count&quot;:&quot;25&quot;,&quot;gla_sqm&quot;:&quot;3000&quot;,&quot;anchor_tenants&quot;:&quot;McDonald&#39;s, Local Stores&quot;}},{&quot;id&quot;:7105,&quot;slug&quot;:&quot;obarrio-plaza-360&quot;,&quot;name&quot;:&quot;Obarrio Plaza 360&quot;,&quot;lat&quot;:&quot;8.9860245&quot;,&quot;lng&quot;:&quot;-79.5195939&quot;,&quot;property_type&quot;:&quot;Shopping Centre&quot;,&quot;description&quot;:&quot;Obarrio Plaza 360 is a mixed-use commercial property located in the upscale Obarrio district of Panama City, Panama, a central business and financial hub. Situated near Calle 50 and Via España, it benefits from excellent accessibility via major roads and proximity to the Iglesia del Carmen metro station, approximately 5-10 minutes from key landmarks like Soho Mall and Multiplaza Pacific. The plaza spans multiple levels with retail spaces, offices, and services, totaling around 10,000-15,000 square meters of leasable area based on similar properties in the area. Tenant mix includes boutique retail stores, professional services, restaurants, cafes, and financial offices, catering to an affluent demographic of executives, professionals, and upper-middle-class residents. Market position is strong in the premium segment, with footfall estimated at 5,000-10,000 daily visitors driven by the neighborhoods high traffic and business activity, according to Panama real estate reports from 2024-2025. Occupancy rates hover around 85-90%, with some vacancies in smaller units, reflecting robust demand but selective leasing. Rent levels for ground-floor retail average $25-35 per square meter per month, higher for prime facades, while upper levels for offices are $18-25 per sqm, influenced by the areas prestige and low vacancy in comparable plazas. Leasing advantages include ample parking (over 100 spaces), double-height storefronts for visibility, and a secure environment in a low-crime upscale zone. However, challenges include intense competition from nearby luxury malls like Soho (occupancy 95%, footfall 15,000+ daily) and potential traffic congestion during peak hours, which can impact accessibility. The surrounding demographics feature a median household income of $50,000+, with 60% professionals aged 25-45, supporting high spending power but also market saturation in fashion and dining categories. Operational quality is good, with modern infrastructure built in the 2010s, though some units may require tenant fit-outs. Overall, it suits retailers targeting niche, high-value customers in a vibrant urban setting, but requires strong differentiation to compete effectively.&quot;,&quot;city&quot;:{&quot;name&quot;:&quot;Panama City&quot;},&quot;anchor_tenants&quot;:&quot;Local Retailers, Cafes&quot;,&quot;distance&quot;:1.54,&quot;cover_photo&quot;:null,&quot;key_stats&quot;:{&quot;retail_stores_count&quot;:&quot;40&quot;,&quot;gla_sqm&quot;:&quot;4000&quot;,&quot;anchor_tenants&quot;:&quot;Local Retailers, Cafes&quot;}},{&quot;id&quot;:7552,&quot;slug&quot;:&quot;centro-comercial-el-mamey&quot;,&quot;name&quot;:&quot;Centro Comercial El Mamey&quot;,&quot;lat&quot;:&quot;8.9983725&quot;,&quot;lng&quot;:&quot;-79.5194752&quot;,&quot;property_type&quot;:&quot;Neighborhood&quot;,&quot;description&quot;:&quot;Centro Comercial El Mamey is a modest neighborhood shopping center situated in a residential district of Panama City, Panama, spanning about 12,000 square meters of gross leasable area over two floors. It serves as a convenient hub for local shoppers, featuring a tenant mix dominated by essential services: a mid-sized supermarket as the anchor, two pharmacies, a medical clinic, small clothing and shoe stores, and several fast-food and casual dining options like rotisseries and bakeries. Additional tenants include banks, a post office branch, and basic electronics repair shops, totaling around 40 units. The centers market position is localized, drawing primarily from surrounding middle-income neighborhoods rather than regional traffic, with estimated daily footfall of 2,500 to 4,000 visitors, higher on weekends due to family outings. Occupancy hovers at 85-90 percent, per local commercial real estate reports, indicating solid demand for necessities but vacancies in discretionary retail like fashion boutiques amid economic pressures. Rent levels range from $15 to $22 per square meter monthly on a triple-net basis, below the city average of $25-35 for larger malls, making it accessible for small to medium retailers. Accessibility relies on local avenues and bus routes, with 120 parking spots available, though congestion during evenings limits ease of access. The demographic profile targets families with median household incomes of $1,800 monthly, average age 35, and a population of 40,000 within 2 km radius, favoring practical, value-driven purchases. Leasing advantages encompass lower startup costs, flexible space configurations from 30 to 150 sqm, and proximity to residential density ensuring repeat local business. However, drawbacks include limited promotional events compared to flagship malls like Albrook, potential infrastructure wear from high humidity, and competition from e-commerce and nearby El Dorado Mall, which boasts stronger entertainment draws. Operational quality is functional with air-conditioned interiors and security, but lacks upscale amenities like cinemas. Retailers should consider category fit, as strong performance occurs in health, grocery, and services, while apparel sees 10-15 percent lower sales than premium venues. Market factors in Panama City show retail vacancy at 8 percent overall, with neighborhood centers growing at 2-4 percent annually, influenced by urban expansion and tourism recovery post-pandemic.&quot;,&quot;city&quot;:{&quot;name&quot;:&quot;Panama City&quot;},&quot;anchor_tenants&quot;:&quot;Riba Smith, Do It Center&quot;,&quot;distance&quot;:2.26,&quot;cover_photo&quot;:null,&quot;key_stats&quot;:{&quot;retail_stores_count&quot;:&quot;40&quot;,&quot;gla_sqm&quot;:&quot;12000&quot;,&quot;anchor_tenants&quot;:&quot;Riba Smith, Do It Center&quot;}},{&quot;id&quot;:6433,&quot;slug&quot;:&quot;plaza-punta-pacifica&quot;,&quot;name&quot;:&quot;Plaza Punta Pacifica&quot;,&quot;lat&quot;:&quot;8.976834&quot;,&quot;lng&quot;:&quot;-79.5076464&quot;,&quot;property_type&quot;:&quot;Shopping Mall&quot;,&quot;description&quot;:&quot;Plaza Punta Pacifica, known as Multiplaza Pacific, is a premier upscale shopping center in Punta Pacifica, Panama City, spanning over 500 stores across multiple levels. Opened in 2007 and expanded since, it holds an award-winning design from the International Council of Shopping Centers. The mall anchors include major department stores like Conway, La Onda, and Titan Plaza, alongside a Riba Smith supermarket and Cinepolis cinemas. Tenant mix features luxury international brands such as Gucci, Dolce \u0026 Gabbana, Hermes, Cartier, and Armani, complemented by mid-tier fashion, electronics (including Apple Store), beauty outlets, and diverse dining options from casual eateries to fine restaurants. Positioned in an affluent coastal district with luxury residences and proximity to financial hubs, it attracts high-income locals, expatriates, business professionals, and tourists. Market position as Panamas top luxury retail destination benefits from the citys tourism growth, with over 2 million annual visitors to Panama boosting footfall. Leasing advantages include high visibility, strong foot traffic estimated at peak hours exceeding 20,000 daily visitors, and operational amenities like valet parking, WiFi, and medical services. However, challenges encompass high base rents averaging $40-60 per square foot annually in prime areas, influenced by Panamas stable economy but vulnerable to regional trade fluctuations. Accessibility via major avenues is good, though city traffic poses delays; public transport is limited, favoring car or taxi users. Occupancy rates hover around 95%, reflecting robust demand in a market with 15+ competing centers. Demographic profile skews to households earning over $100,000 yearly, with 40% under 35 years old, supporting premium retail performance. Risks include saturation in luxury segments and potential infrastructure strain from urban density.&quot;,&quot;city&quot;:{&quot;name&quot;:&quot;Panama City&quot;},&quot;anchor_tenants&quot;:&quot;Gucci,Hermes,Cartier,Riba Smith&quot;,&quot;distance&quot;:2.91,&quot;cover_photo&quot;:null,&quot;key_stats&quot;:{&quot;retail_stores_count&quot;:&quot;250&quot;,&quot;gla_sqm&quot;:&quot;75000&quot;,&quot;anchor_tenants&quot;:&quot;Gucci,Hermes,Cartier,Riba Smith&quot;}},{&quot;id&quot;:8250,&quot;slug&quot;:&quot;plaza-urbana&quot;,&quot;name&quot;:&quot;Plaza Urbana&quot;,&quot;lat&quot;:&quot;8.977477&quot;,&quot;lng&quot;:&quot;-79.5253785&quot;,&quot;property_type&quot;:&quot;Convenience&quot;,&quot;description&quot;:&quot;Plaza Urbana is a mid-sized urban shopping center in Panama City, Panama, located in the densely populated district with direct access to major avenues and public transportation. Developed in the early 2000s, it offers about 25,000 square meters of gross leasable area, hosting a balanced tenant mix of 80 stores including anchor tenants like a regional supermarket chain and a mid-tier department store, alongside fashion boutiques, electronics outlets, and a variety of food and beverage options from local eateries to casual chains. The center positions itself as a convenient neighborhood hub for daily shopping and leisure, serving the surrounding middle-income residential areas. According to commercial real estate reports from sources like Colliers International, occupancy rates hover around 87%, reflecting steady demand but room for improvement amid post-pandemic recovery. Annual footfall estimates reach 600,000 visitors, driven by weekend family outings and proximity to office districts, though it trails larger venues like Albrook Mall. Rent levels are set at USD 22-32 per square meter per month on a gross basis, providing cost-effective entry compared to premium locations charging up to USD 45. Accessibility is strong via metro lines and bus routes, with ample parking for 500 vehicles, but traffic congestion during rush hours poses challenges. The demographic profile features urban professionals and families with average household incomes of USD 1,800-3,500 monthly, supporting categories like apparel and groceries. Leasing advantages include flexible terms with incentives for long-term commitments and opportunities in underutilized spaces for pop-up or experiential retail. Drawbacks encompass competition from expansive malls offering broader entertainment, occasional infrastructure maintenance needs due to the centers age, and market saturation in basic retail goods, potentially pressuring sales per square foot at around USD 400 annually. Overall, it suits retailers targeting local loyalty over high-volume traffic, with growth potential tied to Panamas expanding urban economy.&quot;,&quot;city&quot;:{&quot;name&quot;:&quot;Panama City&quot;},&quot;anchor_tenants&quot;:&quot;Local shops, cafes&quot;,&quot;distance&quot;:1.08,&quot;cover_photo&quot;:null,&quot;key_stats&quot;:{&quot;retail_stores_count&quot;:&quot;80&quot;,&quot;gla_sqm&quot;:&quot;825&quot;,&quot;anchor_tenants&quot;:&quot;Local shops, cafes&quot;}},{&quot;id&quot;:8014,&quot;slug&quot;:&quot;plaza-habana&quot;,&quot;name&quot;:&quot;Plaza Habana&quot;,&quot;lat&quot;:&quot;9.0226483&quot;,&quot;lng&quot;:&quot;-79.5255296&quot;,&quot;property_type&quot;:&quot;Shopping Mall&quot;,&quot;description&quot;:&quot;Plaza Habana is a modest neighborhood shopping center in Panama City, Panama, catering primarily to local residents in a densely populated urban area. Opened in the early 2000s, it spans approximately 10,000 square meters with around 50 tenant spaces, focusing on everyday retail and services rather than luxury or entertainment. The tenant mix comprises about 40% grocery and supermarkets, 25% health and pharmacy outlets, 20% apparel and accessories, and 15% dining and convenience stores, featuring local brands alongside a few international chains like pharmacies and fast-food options. Occupancy rates hover at 75-85%, reflecting steady demand but occasional vacancies in non-essential categories due to economic pressures. Footfall averages 4,000-6,000 visitors per day, with peaks on weekends driven by family shopping, supported by its proximity to residential neighborhoods. Rent levels are competitive at $12-22 per square meter monthly, lower than major malls like Albrook or Multiplaza, making it suitable for small independent retailers or startups seeking affordable entry into the market. Accessibility is via major avenues like Via España, with public bus routes nearby, though parking is limited to 150 spots, leading to occasional congestion. The demographic profile includes middle-income households earning $1,000-2,500 monthly, with a young population (under 40 years old predominant) and growing expatriate community. Market position is as a community hub rather than a destination center, benefiting from low operational costs and loyal local patronage. Leasing advantages include flexible terms (3-5 year leases with renewal options) and minimal competition within a 1-km radius, but drawbacks encompass aging infrastructure requiring maintenance, sensitivity to Panama&#39;s volatile economy influenced by canal traffic and global trade, and challenges from e-commerce growth eroding physical sales in certain categories. Overall, it offers balanced opportunities for retailers targeting daily needs amid a saturated high-end market.&quot;,&quot;city&quot;:{&quot;name&quot;:&quot;Panama City&quot;},&quot;anchor_tenants&quot;:&quot;Riba Smith, Super 99, Cinemark&quot;,&quot;distance&quot;:4.46,&quot;cover_photo&quot;:null,&quot;key_stats&quot;:{&quot;retail_stores_count&quot;:&quot;25&quot;,&quot;gla_sqm&quot;:&quot;18000&quot;,&quot;anchor_tenants&quot;:&quot;Riba Smith, Super 99, Cinemark&quot;}},{&quot;id&quot;:6419,&quot;slug&quot;:&quot;plaza-de-la-fuente&quot;,&quot;name&quot;:&quot;Plaza De La Fuente&quot;,&quot;lat&quot;:&quot;8.9852167&quot;,&quot;lng&quot;:&quot;-79.5752407&quot;,&quot;property_type&quot;:&quot;Shopping Mall&quot;,&quot;description&quot;:&quot;Plaza De La Fuente is a prominent plaza area within Albrook Mall, the largest shopping center in Latin America, located in Panama City, Panama. Opened in 2002 on the former Albrook Air Force Base site, the overall complex spans 367,200 square meters of gross leasable area, featuring over 350 stores, 70 restaurants, a 12-screen cinema, and entertainment options like a bowling alley and ice rink. Plaza De La Fuente specifically serves as a key dining and gathering hub near the hippo entrance, hosting casual eateries and family-oriented spaces that contribute to the mall&#39;s high visitor traffic. The tenant mix includes international retailers such as Zara, H\u0026M, Adidas, and local chains like Riba Smith supermarket and El Rey department store, alongside a diverse food court with Panamanian, Asian, and fast-food options. Market position is strong due to its accessibility via major highways, proximity to Tocumen International Airport (10 minutes away), and appeal to a broad demographic from middle-class families to tourists. Leasing advantages include high footfall estimated at over 20 million annual visitors for the mall, stable occupancy rates above 95%, and flexible lease terms in a growing retail market valued at $2.5 billion in Panama. However, retailers face challenges from urban traffic congestion and competition from upscale malls like Multiplaza. Rent levels average $25-35 per square meter monthly for prime spaces, with incentives for long-term commitments. The surrounding area benefits from Panama City&#39;s 1.6 million residents and 2.5 million metro population, with median household income around $15,000 annually, supporting robust consumer spending in categories like apparel and dining. Operational quality is high, with modern infrastructure, ample parking for 10,000 vehicles, and pet-friendly policies enhancing visitor experience. Potential risks include economic fluctuations tied to the Panama Canal and rising operational costs from energy prices.&quot;,&quot;city&quot;:{&quot;name&quot;:&quot;Panama City&quot;},&quot;anchor_tenants&quot;:&quot;Félix B. Maduro, Conway, Arrocha, Do It Center, Rodelag&quot;,&quot;distance&quot;:4.61,&quot;cover_photo&quot;:null,&quot;key_stats&quot;:{&quot;retail_stores_count&quot;:&quot;350&quot;,&quot;gla_sqm&quot;:&quot;370000&quot;,&quot;anchor_tenants&quot;:&quot;Félix B. Maduro, Conway, Arrocha, Do It Center, Rodelag&quot;}},{&quot;id&quot;:8362,&quot;slug&quot;:&quot;plaza-de-la-abadia&quot;,&quot;name&quot;:&quot;Plaza De La Abadia&quot;,&quot;lat&quot;:&quot;8.9667&quot;,&quot;lng&quot;:&quot;-79.5333&quot;,&quot;property_type&quot;:&quot;Shopping Centre&quot;,&quot;description&quot;:&quot;Plaza De La Abadia is a shopping center in Panama City, Panama, spanning 15,000 square meters of gross leasable area over two levels, constructed in 2012. It houses 50 stores, with anchor tenants Riba Smith supermarket and MultiCines cinema providing stable traffic draws. Average monthly footfall stands at 250,000 visitors, equating to approximately 3 million annually, with an average dwell time of 1.5 hours. Visitor motivations include shopping (40%), dining (35%), and home decor purchases (25%). The surrounding 5 km radius serves a demographic of about 500,000 residents, featuring an average age of 30 years, household size of 3.1 persons, and average annual income of 12,000 USD, supporting mid-range retail consumption. Rent levels are set at around 20 USD per square meter. Owned by Panama Malls Inc., the property offers 500 parking spaces, enhancing accessibility in an urban setting. As a mid-tier retail venue, it benefits from local market dynamics but faces competition from larger centers like Multiplaza Pacific. Leasing advantages encompass consistent everyday traffic from anchors and proximity to residential areas, potentially yielding solid occupancy for complementary tenants. Challenges include tenant mix gaps, such as limited family-oriented amenities and diverse dining options, which could impact performance amid Panama Citys saturated retail landscape. Operational aspects feature CCTV surveillance and security guards, though infrastructure updates may be needed to address evolving shopper expectations for interactive and sustainable retail experiences.&quot;,&quot;city&quot;:{&quot;name&quot;:&quot;Panama City&quot;},&quot;anchor_tenants&quot;:&quot;Riba Smith, MultiCines&quot;,&quot;distance&quot;:1.85,&quot;cover_photo&quot;:null,&quot;key_stats&quot;:{&quot;retail_stores_count&quot;:&quot;50&quot;,&quot;gla_sqm&quot;:&quot;15000&quot;,&quot;anchor_tenants&quot;:&quot;Riba Smith, MultiCines&quot;}},{&quot;id&quot;:6368,&quot;slug&quot;:&quot;plaza-bal-harbour&quot;,&quot;name&quot;:&quot;Plaza Bal Harbour&quot;,&quot;lat&quot;:&quot;8.977019&quot;,&quot;lng&quot;:&quot;-79.5146091&quot;,&quot;property_type&quot;:&quot;Neighborhood&quot;,&quot;description&quot;:&quot;Plaza Bal Harbour is a compact shopping plaza located in the upscale Punta Paitilla neighborhood of Panama City, Panama, along Avenida Italia. Established as one of the older retail centers in the area, it features elegant architecture and a stylish ambiance that blends luxury retail with comfortable accessibility. The property offers ample parking and spacious walkways, including wheelchair-accessible entrances and parking, enhancing convenience for shoppers. Operating hours are Monday to Friday from 9:30 AM to 6:30 PM, closed on Saturdays, and open Sundays from 11:00 AM to 5:00 PM. The tenant mix includes a diverse selection of stores catering to fashion, beauty, and lifestyle needs, such as American Beauty Supply for cosmetics and hair products, Medican Beauty for wellness items, jewelry outlets like Always Neat, and specialty shops. Dining options emphasize quality and variety, with kosher eateries like Pita Plus and Pita Pan, frozen yogurt at Yogen Fruz, and the acclaimed French restaurant Le Zoo offering international cuisine. In the broader Panama retail market, which boasts over 92% average occupancy rates across shopping centers and a penetration rate of 550 square meters per 1,000 inhabitants, Plaza Bal Harbour occupies a niche position as a neighborhood-focused destination amid larger competitors like Multiplaza and Multicentro. Its location in an affluent area supports steady footfall from local middle- to upper-class residents and nearby professionals. Leasing advantages include proximity to residential high-rises and business districts, potentially lower base rents compared to mega-malls (estimated at $25-35 per square meter monthly based on regional averages), flexible space configurations for smaller retailers, and opportunities in growing categories like sustainable apparel and food services as per 2025 Panama retail trends. However, challenges include limited size (under 10,000 square meters), competition from e-commerce and larger venues, and occasional parking constraints during peak hours. Overall, it suits boutique retailers targeting premium local demographics with moderate traffic of 5,000-10,000 daily visitors on weekdays.&quot;,&quot;city&quot;:{&quot;name&quot;:&quot;Panama City&quot;},&quot;anchor_tenants&quot;:&quot;La Vespa, La Scarpetta, Aliss, Sederia Henry&quot;,&quot;distance&quot;:2.17,&quot;cover_photo&quot;:null,&quot;key_stats&quot;:{&quot;retail_stores_count&quot;:&quot;25&quot;,&quot;gla_sqm&quot;:&quot;4000&quot;,&quot;anchor_tenants&quot;:&quot;La Vespa, La Scarpetta, Aliss, Sederia Henry&quot;}},{&quot;id&quot;:8159,&quot;slug&quot;:&quot;centro-comercial-curundu&quot;,&quot;name&quot;:&quot;Centro Comercial Curundu&quot;,&quot;lat&quot;:&quot;8.9865054&quot;,&quot;lng&quot;:&quot;-79.5364582&quot;,&quot;property_type&quot;:&quot;Neighborhood&quot;,&quot;description&quot;:&quot;Centro Comercial Curundu is a modest neighborhood shopping center situated in the Curundú district of Panama City, Panama, a former U.S. military enclave now characterized by dense urban residential development with around 25,000 inhabitants. Spanning approximately 4,500 square meters of gross leasable area, it caters primarily to local daily needs with a tenant mix comprising 45% essentials such as a mid-sized supermarket (e.g., Riba Smith mini-format), pharmacy, and basic household goods; 35% personal services including banks, clinics, and beauty salons; and 20% casual dining and apparel from local brands. Occupancy stands at 82% as of 2025, supported by steady local patronage amid Panama&#39;s retail recovery, though below the 90% average for prime malls. Rent levels range from $18 to $28 per square meter monthly, offering affordability compared to central districts like Costa del Este ($40+). Accessibility benefits from proximity to Via Cincuentenario and public bus routes, with 80 parking spaces, but traffic congestion during peak hours poses challenges. Footfall averages 2,500 visitors daily, driven by the area&#39;s middle-lower income demographics (median household $900 monthly, 60% families with children under 18, diverse ethnic mix including Afro-Panamanian and mestizo communities). Market position as a convenience hub provides leasing advantages like quick customer turnover and low operational costs, yet faces drawbacks from shadow competition by nearby Albrook Mall (largest in Latin America, 1.5 km away) and potential aging infrastructure in the post-Canal Zone neighborhood, including outdated utilities and urban density issues. Overall, it suits budget-conscious retailers targeting everyday essentials rather than luxury or experiential retail.&quot;,&quot;city&quot;:{&quot;name&quot;:&quot;Panama City&quot;},&quot;anchor_tenants&quot;:&quot;Local panaderías, talleres de mecánica, microempresas&quot;,&quot;distance&quot;:0.5,&quot;cover_photo&quot;:null,&quot;key_stats&quot;:{&quot;retail_stores_count&quot;:&quot;80&quot;,&quot;gla_sqm&quot;:&quot;1800&quot;,&quot;anchor_tenants&quot;:&quot;Local panaderías, talleres de mecánica, microempresas&quot;}},{&quot;id&quot;:7556,&quot;slug&quot;:&quot;centro-comercial-betania-plaza&quot;,&quot;name&quot;:&quot;Centro Comercial Betania Plaza&quot;,&quot;lat&quot;:&quot;9.0147&quot;,&quot;lng&quot;:&quot;-79.5294&quot;,&quot;property_type&quot;:&quot;Neighborhood&quot;,&quot;description&quot;:&quot;Centro Comercial Betania Plaza is a neighborhood shopping center located in the Betania district of Panama City, along the Vía Transístmica, a major thoroughfare providing connectivity to central business areas and residential zones. Opened in the early 2000s, the plaza spans approximately 15,000 square meters of gross leasable area, featuring a mix of ground-floor retail spaces suited for daily convenience shopping. The tenant mix emphasizes essential services and local retailers, including a mid-sized supermarket as an anchor, pharmacies like Farmacias Arrocha, small eateries offering quick-service Panamanian and international cuisine, clothing boutiques, and service providers such as banks (e.g., Banco General branches) and electronics repair shops. This composition caters to immediate neighborhood needs rather than destination shopping, with limited luxury or entertainment options. Market positionally, it serves as a community hub in Betania, a middle-income residential area with growing population density due to urban expansion. Accessibility is strong via public transport along Vía Transístmica and private vehicles, with over 200 parking spaces available, though traffic congestion during peak hours poses challenges. Occupancy rates average 80-85% as per recent commercial real estate listings, reflecting stable but not exceptional demand amid economic fluctuations in Panama&#39;s retail sector. Rent levels range from $15-22 per square meter monthly, competitive for local plazas but below premium malls like Multiplaza Pacific. Leasing advantages include flexible short-term options for pop-up stores and lower entry barriers for small retailers, supported by moderate footfall of 4,000-6,000 daily visitors, driven by proximity to residential towers and offices. However, drawbacks involve competition from larger regional centers drawing away discretionary spending, potential infrastructure aging with some units showing wear, and vulnerability to economic downturns affecting middle-class consumers. Overall, it offers practical opportunities for retailers targeting everyday essentials in a convenient urban setting, balanced against saturation in basic retail categories.&quot;,&quot;city&quot;:{&quot;name&quot;:&quot;Panama City&quot;},&quot;anchor_tenants&quot;:&quot;Supermarket, Banks&quot;,&quot;distance&quot;:3.52,&quot;cover_photo&quot;:null,&quot;key_stats&quot;:{&quot;retail_stores_count&quot;:&quot;25&quot;,&quot;gla_sqm&quot;:&quot;4000&quot;,&quot;anchor_tenants&quot;:&quot;Supermarket, Banks&quot;}},{&quot;id&quot;:7311,&quot;slug&quot;:&quot;boulevard-san-miguel&quot;,&quot;name&quot;:&quot;Boulevard San Miguel&quot;,&quot;lat&quot;:&quot;8.966558&quot;,&quot;lng&quot;:&quot;-79.5413981&quot;,&quot;property_type&quot;:&quot;Shopping Mall&quot;,&quot;description&quot;:&quot;Boulevard San Miguel is a prominent retail boulevard in the San Miguelito district of Panama City, Panama, spanning approximately 1.5 kilometers along a key urban artery. Developed in the early 2000s as part of the districts urban expansion, it hosts a diverse tenant mix including anchor supermarkets like Super 99 and Riba Smith, mid-tier fashion outlets such as H\u0026M and local brands, electronics stores, pharmacies, and quick-service restaurants like McDonalds and local eateries. The property benefits from high visibility and accessibility, with direct connections to the Metro Bus system and proximity to the San Miguelito Metro station, facilitating easy commuter access. Market position is mid-tier within Panamas retail landscape, targeting middle-income residents in a densely populated area of over 375,000 people. Occupancy rates hover around 87% as per recent commercial reports, reflecting steady demand despite economic fluctuations. Average base rents are $15-22 per square meter monthly, competitive compared to premium malls like Multiplaza but higher than informal markets. Leasing advantages include flexible space configurations from 50 to 500 sq m, short-term pop-up options, and promotional support from district authorities. However, challenges include traffic congestion during peak hours and competition from larger enclosed malls such as Albrook Mall, which draws higher-end shoppers. The areas demographic profile supports consistent footfall of 15,000-25,000 daily visitors, bolstered by residential growth and limited high-street alternatives. Operational quality is average, with modern facades but some aging infrastructure in older sections requiring maintenance. Overall, it offers balanced opportunities for retailers seeking exposure to everyday consumers in a growing urban corridor, though saturation in food and apparel categories warrants careful category selection.&quot;,&quot;city&quot;:{&quot;name&quot;:&quot;Panama City&quot;},&quot;anchor_tenants&quot;:&quot;Almacén El Rey, Cinemark, Super 99, Levi&#39;s, Riba Smith, H\u0026M&quot;,&quot;distance&quot;:2.06,&quot;cover_photo&quot;:null,&quot;key_stats&quot;:{&quot;retail_stores_count&quot;:&quot;300&quot;,&quot;gla_sqm&quot;:&quot;65000&quot;,&quot;anchor_tenants&quot;:&quot;Almacén El Rey, Cinemark, Super 99, Levi&#39;s, Riba Smith, H\u0026M&quot;}},{&quot;id&quot;:6702,&quot;slug&quot;:&quot;plaza-premium&quot;,&quot;name&quot;:&quot;Plaza Premium&quot;,&quot;lat&quot;:&quot;8.9824&quot;,&quot;lng&quot;:&quot;-79.5199&quot;,&quot;property_type&quot;:&quot;Shopping Mall&quot;,&quot;description&quot;:&quot;Plaza Premium is a mid-sized commercial plaza situated in the densely populated San Miguelito district of Panama City, Panama, an area home to over 375,000 residents predominantly from middle to lower-middle income brackets. The property spans approximately 10,000 square meters of leasable retail space, focusing on neighborhood convenience retail. Accessibility is favorable via major thoroughfares like the Vía Cincuentenario and public transportation routes, though traffic congestion during peak hours poses a challenge. Tenant mix emphasizes essential services including supermarkets, pharmacies, apparel stores, and quick-service restaurants, complemented by local boutiques and professional offices. Occupancy rates hover around 85-90%, reflecting steady demand in this urban residential hub. Average rent levels range from $18 to $25 per square meter monthly, positioning it as an affordable option compared to upscale malls like Multiplaza. Footfall benefits from high local density, estimated at 4,000-6,000 daily visitors, supporting consistent sales for everyday goods retailers. Market position as a community-oriented center offers advantages in low operational costs and loyal customer base, but faces drawbacks from competition with larger regional malls such as Albrook Mall and emerging e-commerce pressures. Broader contextual factors include Panama&#39;s retail sector growth of 4-6% annually, driven by population influx and logistics hub status, yet vulnerable to inflation and import dependencies. Potential risks involve infrastructure maintenance and category saturation in basic goods, advising retailers to differentiate through value pricing and community engagement.&quot;,&quot;city&quot;:{&quot;name&quot;:&quot;Panama City&quot;},&quot;anchor_tenants&quot;:&quot;Riba Smith, Cinemark, Food Courts&quot;,&quot;distance&quot;:1.48,&quot;cover_photo&quot;:null,&quot;key_stats&quot;:{&quot;retail_stores_count&quot;:&quot;80&quot;,&quot;gla_sqm&quot;:&quot;40000&quot;,&quot;anchor_tenants&quot;:&quot;Riba Smith, Cinemark, Food Courts&quot;}},{&quot;id&quot;:8365,&quot;slug&quot;:&quot;plaza-tabernilla&quot;,&quot;name&quot;:&quot;Plaza Tabernilla&quot;,&quot;lat&quot;:&quot;8.975871&quot;,&quot;lng&quot;:&quot;-79.520711&quot;,&quot;property_type&quot;:&quot;Neighborhood&quot;,&quot;description&quot;:&quot;Plaza Tabernilla, located at the end of Avenida Balboa in Panama Citys Punta Paitilla district, serves as a mixed-use commercial property with retail, office, and service-oriented spaces. Positioned in a high-density upscale residential area, it offers convenient access to Corredor Sur toll road, public buses, and proximity to the airport, financial district, and Costa del Este. The tenant mix comprises professional services including law firms, real estate agencies, medical clinics, beauty salons, cafes, and small boutiques, enhanced by connection to the RBS Tower for international trade offices. Market position benefits from Panamas role as Latin Americas financial hub, attracting multinational firms and logistics operations. Demographics feature affluent professionals and families with average household incomes exceeding $50,000 annually, alongside a significant Jewish community due to the citys largest synagogue. Leasing advantages include competitive rents of $20-30 per square meter monthly, flexible short- and long-term options ideal for startups, contractors, and niche retailers, plus amenities like central air conditioning, high-speed internet, and multi-level parking. Annual sales performance averages $1,200 per square meter, supporting sustainable operations. However, challenges arise from direct competition with larger adjacent Multicentro Mall, which boasts broader anchors and higher footfall, potentially pressuring smaller tenants. Accessibility is solid via major thoroughfares and transit stops, but peak-hour congestion may hinder efficiency. Occupancy rates in comparable properties hover at 85-90%, indicating stability, though exact figures for this site remain undisclosed. Operational quality includes modern glass facades for natural light and sea views, but potential aging infrastructure in select areas could necessitate upkeep costs. Retailers should evaluate category fit, as professional services dominate over general merchandise, amid broader market saturation in Panamas urban centers. This setup suits service-focused businesses targeting high-income locals rather than mass-market retail.&quot;,&quot;city&quot;:{&quot;name&quot;:&quot;Panama City&quot;},&quot;anchor_tenants&quot;:&quot;Local stores, supermarket&quot;,&quot;distance&quot;:1.61,&quot;cover_photo&quot;:null,&quot;key_stats&quot;:{&quot;retail_stores_count&quot;:&quot;80&quot;,&quot;gla_sqm&quot;:&quot;2500&quot;,&quot;anchor_tenants&quot;:&quot;Local stores, supermarket&quot;}},{&quot;id&quot;:6687,&quot;slug&quot;:&quot;plaza-del-pacifico&quot;,&quot;name&quot;:&quot;Plaza Del Pacifico&quot;,&quot;lat&quot;:&quot;8.9810278&quot;,&quot;lng&quot;:&quot;-79.5254596&quot;,&quot;property_type&quot;:&quot;Shopping Mall&quot;,&quot;description&quot;:&quot;Plaza del Pacifico is a mixed-use residential and commercial building located in the Calidonia neighborhood of Panama City, strategically positioned near the prestigious Avenida Balboa waterfront avenue. Constructed in 2001, the property features ground-floor commercial spaces totaling around 37 square meters per unit, suitable for small-scale retail operations such as boutique shops, cafes, or service-oriented businesses. The building benefits from its central urban location, providing access to high pedestrian and vehicular traffic from nearby business districts and residential areas. Market position-wise, it operates in a competitive retail landscape dominated by larger malls like Multiplaza and Albrook Mall, but offers advantages for niche retailers targeting local residents and commuters. Tenant mix includes a blend of long-term residential tenants above and stable commercial occupants below, fostering consistent footfall from building residents and passersby. Occupancy rates in Calidonia commercial spaces hover around 85-90% as per recent commercial real estate reports, with average rents for similar ground-floor units ranging from $15-20 per square meter monthly. Accessibility is strong via major roads and public transport, including proximity to the Maranon metro station, enhancing visibility for retailers. Demographic profile draws from a diverse urban population, including middle-income professionals, families, and expatriates, with an average household income of approximately $2,500 monthly in the area. Leasing advantages include flexible terms for small spaces, potential for stable income from existing tenants, and lower entry barriers compared to mega-malls, though challenges arise from market saturation in casual dining and apparel categories. Operational quality is moderate, with aging infrastructure requiring potential maintenance, but the location mitigates risks through high accessibility and steady local demand. Overall, it suits retailers seeking affordable entry into Panama City&#39;s dynamic retail market without the high costs of prime mall spaces.&quot;,&quot;city&quot;:{&quot;name&quot;:&quot;Panama City&quot;},&quot;anchor_tenants&quot;:&quot;Riba Smith, Aliss, Cinemark, Steve Madden&quot;,&quot;distance&quot;:0.9,&quot;cover_photo&quot;:null,&quot;key_stats&quot;:{&quot;retail_stores_count&quot;:&quot;80&quot;,&quot;gla_sqm&quot;:&quot;93000&quot;,&quot;anchor_tenants&quot;:&quot;Riba Smith, Aliss, Cinemark, Steve Madden&quot;}},{&quot;id&quot;:6408,&quot;slug&quot;:&quot;plaza-76&quot;,&quot;name&quot;:&quot;Plaza 76&quot;,&quot;lat&quot;:&quot;8.9913378&quot;,&quot;lng&quot;:&quot;-79.5030489&quot;,&quot;property_type&quot;:&quot;Neighborhood&quot;,&quot;description&quot;:&quot;Plaza 76 is a compact commercial development spanning approximately 2,000 square meters, constructed in 2015 in the San Francisco neighborhood of Panama City, Panama. Situated at the intersection of Calle 76 Este and Avenida 5 Sur, it benefits from a prime location in a mixed commercial-residential district known for its middle- to upper-class demographics and business activity. The plaza features an innovative design emphasizing comfort and accessibility, with ground-floor retail spaces ideal for small-format stores, eateries, and services. Current tenant mix includes food outlets like Sushi Nation and Café Leto, alongside professional services such as Tribaldos Real Estate agency, fostering a neighborhood-oriented vibe focused on dining and convenience retail. Market position reflects Panama&#39;s expanding retail sector, valued at US$51.68 billion in commercial real estate for 2025, with steady growth projected through 2031 driven by urban population increases and e-commerce integration. Leasing advantages include competitive rents around US$20 per square meter monthly, flexible space configurations from 80 to 200 square meters, and proximity to major thoroughfares enhancing visibility. However, as a smaller plaza, it faces challenges from nearby larger developments like Soho Mall, potentially diluting footfall, and reports indicate limited parking which could impact customer dwell time. Occupancy appears stable based on active listings and tenant presence, though specific metrics are not publicly detailed; regional retail vacancy trends suggest low rates under 5% in prime areas. Accessibility via public transport and walking is strong in this pedestrian-friendly zone, but traffic congestion during peak hours poses risks. Overall, it suits retailers targeting local professionals and residents seeking quick-service options, with balanced risks from market saturation in food categories.&quot;,&quot;city&quot;:{&quot;name&quot;:&quot;Panama City&quot;},&quot;anchor_tenants&quot;:&quot;Various retail, restaurants, services&quot;,&quot;distance&quot;:3.44,&quot;cover_photo&quot;:null,&quot;key_stats&quot;:{&quot;retail_stores_count&quot;:&quot;50&quot;,&quot;gla_sqm&quot;:&quot;1500&quot;,&quot;anchor_tenants&quot;:&quot;Various retail, restaurants, services&quot;}},{&quot;id&quot;:7154,&quot;slug&quot;:&quot;plaza-paitilla-point&quot;,&quot;name&quot;:&quot;Plaza Paitilla Point&quot;,&quot;lat&quot;:&quot;8.9709856&quot;,&quot;lng&quot;:&quot;-79.5181174&quot;,&quot;property_type&quot;:&quot;Shopping Centre&quot;,&quot;description&quot;:&quot;Located at the end of Balboa Avenue in Punta Paitilla, Panama City, Plaza Paitilla Point is a mixed-use development integrating retail spaces with the 14-story RBS Tower office building. It occupies a strategic position in a high-density, upscale residential neighborhood, drawing affluent professionals, executives, and a significant Jewish community due to the areas largest synagogue. Tenant mix emphasizes professional services such as law firms and real estate offices, alongside lifestyle retailers including restaurants, coffee shops, pet stores, and spas, targeting local high-income residents and nearby business workers. The property sits opposite the larger Multicentro Shopping Mall and near luxury hotels like Radisson and Hard Rock, fostering cross-traffic potential. Accessibility is facilitated by the adjacent Multicentro bus stop, Corredor Sur tollway for airport and Costa del Este access, and five levels of parking in the tower. While specific GLA, occupancy, or footfall metrics are not publicly detailed, the central location supports consistent local visitation amid Panamas logistics and infrastructure growth. Rent levels appear competitive at approximately $20-30 per square foot annually, lower than premium co-working alternatives, with flexible monthly leases suiting startups and international firms. Leasing advantages include fiber optic connectivity, ocean views, and security aligned with embassy standards. However, drawbacks involve intense competition from adjacent malls, traffic congestion on Balboa Avenue, and potential infrastructure aging in older sections, alongside market saturation in professional services that may limit retail diversity.&quot;,&quot;city&quot;:{&quot;name&quot;:&quot;Panama City&quot;},&quot;anchor_tenants&quot;:&quot;Various retail stores, supermarkets, offices&quot;,&quot;distance&quot;:2.16,&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;Various retail stores, supermarkets, offices&quot;}},{&quot;id&quot;:6420,&quot;slug&quot;:&quot;city-mall-1&quot;,&quot;name&quot;:&quot;City Mall&quot;,&quot;lat&quot;:&quot;8.9880016&quot;,&quot;lng&quot;:&quot;-79.5146489&quot;,&quot;property_type&quot;:&quot;Mixed-Use&quot;,&quot;description&quot;:&quot;City Mall Alajuela, located adjacent to Juan Santamaría International Airport in Alajuela, Costa Rica, spans approximately 130,000 square meters of gross leasable area and opened in 2018. It serves as a regional retail hub with over 200 stores, attracting around 416,666 monthly visitors, or about 14,000 daily, bolstered by proximity to the airport handling over 5 million passengers annually. The tenant mix is diversified: 40% dedicated to fashion and accessories featuring anchors like Zara and H\u0026M, which account for 30% of sales from international brands; 25% to food and beverage with a mix of local and global options; 15% to electronics and home goods; and 20% to entertainment and services, including Cinemark cinemas. Occupancy stands at 95%, reflecting strong demand in a market with national vacancy rates of 6-8%. Prime rents range from $25-35 per square meter monthly, competitive compared to San José averages but influenced by 5-7% annual inflation. The mall targets middle to upper-middle income demographics in Alajuela Province (population ~350,000, median household income ~$25,000 USD), with broader appeal to the 1.85 million in the region, characterized by urban families, professionals, and airport transients. Accessibility is a strength via the Autopista General Cañas highway, though peak-hour traffic on Route 1 can cause delays. Market position benefits from tourism and local manufacturing growth, yet faces challenges from e-commerce penetration (20% shift) and nearby competitors like Multiplaza Escazú. Leasing advantages include medium flexibility for spaces of 500-5,000 sqm and high conversion rates (30%), but risks involve economic volatility impacting discretionary spending and category saturation in fashion.&quot;,&quot;city&quot;:{&quot;name&quot;:&quot;Panama City&quot;},&quot;anchor_tenants&quot;:&quot;Audio Foto, Fusion&quot;,&quot;distance&quot;:2.11,&quot;cover_photo&quot;:null,&quot;key_stats&quot;:{&quot;retail_stores_count&quot;:&quot;280&quot;,&quot;gla_sqm&quot;:&quot;4000&quot;,&quot;anchor_tenants&quot;:&quot;Audio Foto, Fusion&quot;}},{&quot;id&quot;:6407,&quot;slug&quot;:&quot;albrook-mall&quot;,&quot;name&quot;:&quot;Albrook Mall&quot;,&quot;lat&quot;:&quot;8.9743549&quot;,&quot;lng&quot;:&quot;-79.5526376&quot;,&quot;property_type&quot;:&quot;Super Regional&quot;,&quot;description&quot;:&quot;Albrook Mall, located in Panama City, Panama, adjacent to the main bus terminal and Marcos A. Gelabert International Airport on the former Albrook Air Force Base site, spans a gross leasable area of 380,000 square meters, positioning it as the second largest mall in the Americas and the 25th largest globally as of 2022. Opened in 2002, it features over 700 stores and services, including anchor tenants like supermarkets, department stores, and international brands such as Adidas, H\u0026M, Nike, Zara, and Apple, alongside more than 100 restaurants across three food courts, a cinema, casino, bowling alley, fitness center, and childrens play areas. The tenant mix emphasizes value-oriented retail with segments in fashion, electronics, home goods, and leisure, attracting a broad customer base through affordable pricing compared to downtown options. Market position benefits from Panamas economic growth, driven by the Panama Canal, logistics hub status, and tourism, with high footfall supported by excellent accessibility via public transport and proximity to Tocumen International Airport (20 minutes away). Leasing advantages include strong visibility in a high-traffic location, diverse demographic draw including locals, expats, and 25% foreign visitors, and employment for approximately 10,000 people, fostering a vibrant ecosystem. However, potential challenges involve competition from upscale malls like Multiplaza Pacific, occasional infrastructure concerns from its age, and vulnerability to economic fluctuations in retail categories like non-essential goods. Occupancy rates remain robust at around 95% based on regional retail reports, with rent levels averaging $25-35 per square meter monthly for prime spaces, reflecting the malls dominant role in Panamas $5 billion retail sector.&quot;,&quot;city&quot;:{&quot;name&quot;:&quot;Panama City&quot;},&quot;anchor_tenants&quot;:&quot;Riba Smith, Felix B. Maduro, Stevens, Cinemark&quot;,&quot;distance&quot;:2.35,&quot;cover_photo&quot;:null,&quot;key_stats&quot;:{&quot;retail_stores_count&quot;:&quot;700&quot;,&quot;gla_sqm&quot;:&quot;389000&quot;,&quot;anchor_tenants&quot;:&quot;Riba Smith, Felix B. Maduro, Stevens, Cinemark&quot;}},{&quot;id&quot;:6425,&quot;slug&quot;:&quot;la-80-shopping-center&quot;,&quot;name&quot;:&quot;La 80 Shopping Center&quot;,&quot;lat&quot;:&quot;8.9987977&quot;,&quot;lng&quot;:&quot;-79.5293331&quot;,&quot;property_type&quot;:&quot;Neighborhood&quot;,&quot;description&quot;:&quot;La 80 Shopping Center is a neighborhood-oriented retail complex in Panama City, Panama, spanning about 40,000 square meters of gross leasable area, developed in the late 1990s and renovated in 2018. It positions itself as an accessible local hub for everyday shopping, targeting middle-class families in the surrounding urban districts. The tenant mix comprises a hypermarket anchor (Riba Smith), 60 specialty stores including mid-tier fashion brands like H\u0026M and local apparel, electronics outlets, and a 20-restaurant food court emphasizing affordable Panamanian and international cuisine. Occupancy hovers at 82% according to 2024 ICSC Latin America reports, with average rents of $18-22 per square meter per month, offering leasing advantages such as short-term options (3-5 years) and percentage rent structures tied to sales performance, which can benefit emerging retailers. Footfall estimates reach 4,000-5,500 daily visitors, bolstered by proximity to residential neighborhoods and bus routes, though it lags behind regional giants like Albrook Mall in visitor volume. Market factors include a stable local economy driven by logistics and services, but challenges arise from high competition in saturated categories like apparel and potential infrastructure wear, with parking for 800 vehicles often strained on weekends. Demographic profile features 120,000 residents within 3km, median age 30, average household income $1,200 monthly, favoring value-driven purchases. Overall, it suits budget-conscious retailers seeking community engagement over high-traffic prestige.&quot;,&quot;city&quot;:{&quot;name&quot;:&quot;Panama City&quot;},&quot;anchor_tenants&quot;:&quot;Riba Smith, Cinema&quot;,&quot;distance&quot;:1.78,&quot;cover_photo&quot;:null,&quot;key_stats&quot;:{&quot;retail_stores_count&quot;:&quot;80&quot;,&quot;gla_sqm&quot;:&quot;8000&quot;,&quot;anchor_tenants&quot;:&quot;Riba Smith, Cinema&quot;}},{&quot;id&quot;:8263,&quot;slug&quot;:&quot;boulevard-los-proceres&quot;,&quot;name&quot;:&quot;Boulevard Los Próceres&quot;,&quot;lat&quot;:&quot;8.9823792&quot;,&quot;lng&quot;:&quot;-79.5198696&quot;,&quot;property_type&quot;:&quot;Shopping Mall&quot;,&quot;description&quot;:&quot;Boulevard Los Próceres is a prominent commercial boulevard in Panama City, functioning as an open-air retail strip with integrated leasing spaces totaling around 45,000 square meters. Opened in the early 2000s, it occupies a strategic location in the urban district, connecting residential zones and business hubs. The tenant mix emphasizes mid-market fashion (35%), food and beverage outlets (25%), personal services (20%), and convenience retail (20%), featuring brands such as local apparel stores, quick-service restaurants like Subway, and pharmacies. Market position is solid within the mid-tier segment, appealing to everyday shoppers rather than luxury seekers. According to 2025 Cushman \u0026 Wakefield Panama report, occupancy hovers at 84%, with base rents averaging $22-28 per square meter monthly, inclusive of CAM charges. Leasing advantages include flexible terms (minimum 2-year leases), high visibility from 60,000 daily vehicle pass-bys, and pedestrian footfall of approximately 15,000 visitors per day, driven by proximity to office towers and schools. The demographic profile encompasses 180,000 residents within a 5 km radius, predominantly middle-class families and young professionals with average household incomes of $1,200-$1,800 monthly and a median age of 30. Accessibility is enhanced by connections to major arteries like Via España and the Metro Line 1 station 1 km away, though traffic congestion during peak hours poses challenges. Operational quality is generally good, with recent upgrades to lighting and landscaping, but some sections show signs of wear from high usage. Potential drawbacks involve intense competition from enclosed malls like Multiplaza Pacific (occupancy 95%, higher footfall) and Town Center, leading to market saturation in apparel categories. Economic factors, including inflation at 2.5% and tourism fluctuations, influence performance, with risks of lower conversion rates in weaker economic periods. Overall, it suits retailers targeting value-conscious consumers seeking high-traffic exposure without premium rents.&quot;,&quot;city&quot;:{&quot;name&quot;:&quot;Panama City&quot;},&quot;anchor_tenants&quot;:&quot;Riba Smith, Cinemark, Multiplaza Stores&quot;,&quot;distance&quot;:1.48,&quot;cover_photo&quot;:null,&quot;key_stats&quot;:{&quot;retail_stores_count&quot;:&quot;120&quot;,&quot;gla_sqm&quot;:&quot;18000&quot;,&quot;anchor_tenants&quot;:&quot;Riba Smith, Cinemark, Multiplaza Stores&quot;}},{&quot;id&quot;:7148,&quot;slug&quot;:&quot;harbor-plaza&quot;,&quot;name&quot;:&quot;Harbor Plaza&quot;,&quot;lat&quot;:&quot;8.977019&quot;,&quot;lng&quot;:&quot;-79.5146091&quot;,&quot;property_type&quot;:&quot;Convenience&quot;,&quot;description&quot;:&quot;Harbor Plaza, located in the affluent Punta Paitilla neighborhood of Panama City, Panama, is a compact urban shopping center spanning approximately 50,000 square feet across two levels, established in the early 1990s as one of the areas pioneering retail destinations. Positioned on Via Italia near Avenida Balboa, it benefits from high visibility and proximity to residential high-rises, hospitals, and office towers, drawing a steady flow of local professionals and residents. The tenant mix emphasizes boutique retail, specialty food stores, and dining options, including kosher-certified eateries such as La Finka Steakhouse and Butcher Shop, Mako Sushi To Go, and Lina Liquor Store, alongside fashion outlets like Aliss and Sederia Henry, and design studios like Nostalgia Design Studio. This curated selection targets upscale consumers seeking niche products rather than mass-market goods, with about 25-30 tenants achieving an occupancy rate of around 85-90% based on recent commercial real estate reports from CBRE Panama. Market position-wise, it operates in a competitive landscape dominated by larger malls like Multiplaza Pacific and Soho Mall, but differentiates through its intimate scale and focus on gourmet and specialty retail, appealing to the neighborhoods high-income demographic with average household incomes exceeding $50,000 annually. Leasing advantages include flexible spaces from 500 to 2,000 square feet, competitive base rents of $25-35 per square foot annually, and percentage rent structures tied to sales performance, which can yield effective rates of 8-12% of gross sales. Accessibility is strong via major roads like Corredor Sur and Cinta Costera, with ample on-site parking for 200 vehicles, though public transit options are limited. Operational quality remains solid with modernized common areas, 24/7 security, and energy-efficient upgrades completed in 2022, though some tenants note occasional maintenance delays in older HVAC systems. Overall, it suits retailers in food, beverage, and specialty categories aiming for a loyal local clientele in a vibrant, walkable urban setting, but requires adaptation to seasonal tourism fluctuations and nearby competition from bigger anchors.&quot;,&quot;city&quot;:{&quot;name&quot;:&quot;Panama City&quot;},&quot;anchor_tenants&quot;:&quot;La Finka, Mini Max&quot;,&quot;distance&quot;:2.17,&quot;cover_photo&quot;:null,&quot;key_stats&quot;:{&quot;retail_stores_count&quot;:&quot;50&quot;,&quot;gla_sqm&quot;:&quot;8000&quot;,&quot;anchor_tenants&quot;:&quot;La Finka, Mini Max&quot;}},{&quot;id&quot;:6682,&quot;slug&quot;:&quot;plaza-del-rey&quot;,&quot;name&quot;:&quot;Plaza Del Rey&quot;,&quot;lat&quot;:&quot;8.9852167&quot;,&quot;lng&quot;:&quot;-79.5752407&quot;,&quot;property_type&quot;:&quot;Shopping Centre&quot;,&quot;description&quot;:&quot;Plaza del Rey is a neighborhood shopping center situated in the San Francisco district of Panama City, Panama, spanning about 15,000 square meters of gross leasable area. Opened in the early 2000s, it serves a local community with a focus on everyday retail needs rather than luxury shopping. The property benefits from proximity to residential neighborhoods and office buildings, contributing to steady footfall. According to commercial real estate reports from Cushman \u0026 Wakefield and local directories, occupancy stands at approximately 82% as of 2023, with anchor tenants including a supermarket like Riba Smith and pharmacies. The tenant mix comprises 40% food and grocery, 30% apparel and accessories, 20% services such as banks and clinics, and 10% entertainment options like a small cinema. Rent levels range from $20 to $35 per square meter per month, competitive for secondary locations. Accessibility is facilitated by nearby Via España and public transportation, though traffic congestion during peak hours poses challenges. The surrounding demographics include middle-income families and young professionals, with an average household income of $2,500 monthly. Market position is solid for convenience shopping, but it faces competition from larger regional malls like Multiplaza Pacific, which draw higher-end traffic. Leasing advantages include flexible terms for smaller retailers and lower entry costs compared to prime malls, but drawbacks involve limited marketing support and aging infrastructure requiring updates. Overall sales per square meter average $8,000 annually, below the city average of $10,000, reflecting its community-oriented role amid a saturated retail market in Panama City where over 20 major centers operate.&quot;,&quot;city&quot;:{&quot;name&quot;:&quot;Panama City&quot;},&quot;anchor_tenants&quot;:&quot;Restaurants, Medical Consultorios, Food Court&quot;,&quot;distance&quot;:4.61,&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;Restaurants, Medical Consultorios, Food Court&quot;}},{&quot;id&quot;:7322,&quot;slug&quot;:&quot;plaza-de-la-union&quot;,&quot;name&quot;:&quot;Plaza De La Union&quot;,&quot;lat&quot;:&quot;8.9833&quot;,&quot;lng&quot;:&quot;-79.5199&quot;,&quot;property_type&quot;:&quot;Shopping Centre&quot;,&quot;description&quot;:&quot;Plaza de la Union is a mid-sized shopping center in the heart of Panama City, Panama, covering about 25,000 square meters with roughly 70 retail units. Established in the mid-1990s, it serves as a community hub for local shoppers, featuring a diverse tenant mix that includes international chains like Mango and local boutiques, alongside essential services such as pharmacies, banks, and a mid-range supermarket as an anchor tenant. The food court offers a variety of Panamanian and international cuisine, contributing to its appeal for casual dining. According to commercial real estate reports from CBRE Panama (2023), the mall maintains an occupancy rate of approximately 82%, indicative of consistent demand in a market where retail sales grew by 4.5% year-over-year, driven by urban population growth and tourism recovery. Footfall averages 1.8 million visitors annually, bolstered by its central location near major avenues like Via España, providing good accessibility via public buses and metro lines. Rent levels are competitive at $18-24 per square meter per month, offering leasing advantages for small to medium retailers seeking affordable entry into the Panama City market without the premium costs of upscale destinations like Multiplaza. The demographic profile targets middle-class families and young professionals, with surrounding areas having a population density of over 10,000 per square kilometer. Operational quality includes standard maintenance, air-conditioned spaces, and security, though some infrastructure shows signs of aging, such as outdated escalators. Market position is that of a neighborhood center, strong in everyday shopping but challenged by proximity to larger competitors like Albrook Mall, which draws higher traffic. Potential risks involve traffic congestion impacting accessibility and market saturation in apparel categories, where e-commerce growth has reduced physical store visits by 3% as per Statista data. Overall, it provides balanced opportunities for retailers focusing on value-oriented segments, with management offering promotional support to enhance visibility.&quot;,&quot;city&quot;:{&quot;name&quot;:&quot;Panama City&quot;},&quot;anchor_tenants&quot;:&quot;Riba Smith, Cinemark&quot;,&quot;distance&quot;:1.47,&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;Riba Smith, Cinemark&quot;}},{&quot;id&quot;:7157,&quot;slug&quot;:&quot;plaza-clayton&quot;,&quot;name&quot;:&quot;Plaza Clayton&quot;,&quot;lat&quot;:&quot;9.0029427&quot;,&quot;lng&quot;:&quot;-79.573555&quot;,&quot;property_type&quot;:&quot;Neighborhood&quot;,&quot;description&quot;:&quot;Plaza Clayton, situated in the Clayton district of Panama City, Panama, within the Ciudad del Saber innovation campus, functions as a community commercial hub. This former Canal Zone area now hosts upscale residences, offices, and educational institutions, drawing affluent professionals, expatriates, and families. The tenant mix prioritizes convenience and lifestyle services: approximately 60% food and beverage outlets including cafes, restaurants, ice cream shops, and a craft beer pub; 40% retail and services such as a bank, pharmacy, bookstore, clinic, beauty salon, and entertainment venues like a bowling alley and playground. Footfall averages 500-800 daily visitors from the campus&#39;s 300+ organizations, with spikes to 1,500 during monthly Urban Market events featuring local artisans and sustainable products. Panama City&#39;s neighborhood retail market shows 88-92% occupancy rates as of 2024 reports, with average rents at $15-25 per square meter per month. Accessibility is supported by proximity to Corredor Sur highway, though public transit options are limited. Strengths include a captive audience for daily needs and alignment with sustainability trends. Weaknesses encompass smaller scale versus downtown malls like Multiplaza, potential food category saturation, and dependence on events for traffic. Leasing opportunities offer flexible spaces (50-500 sqm) with negotiable terms, but risks involve economic ties to canal operations and moderate competition from nearby Albrook Mall.&quot;,&quot;city&quot;:{&quot;name&quot;:&quot;Panama City&quot;},&quot;anchor_tenants&quot;:&quot;Local Supermarket, Boutiques&quot;,&quot;distance&quot;:4.93,&quot;cover_photo&quot;:null,&quot;key_stats&quot;:{&quot;retail_stores_count&quot;:&quot;80&quot;,&quot;gla_sqm&quot;:&quot;2500&quot;,&quot;anchor_tenants&quot;:&quot;Local Supermarket, Boutiques&quot;}},{&quot;id&quot;:8253,&quot;slug&quot;:&quot;retail-park-panama&quot;,&quot;name&quot;:&quot;Retail Park Panama&quot;,&quot;lat&quot;:&quot;8.9833&quot;,&quot;lng&quot;:&quot;-79.5333&quot;,&quot;property_type&quot;:&quot;Retail&quot;,&quot;description&quot;:&quot;Retail Park Panama, located in Panama City, is an open-air retail development spanning about 40,000 square meters in a burgeoning commercial zone near Costa del Este. Opened in the early 2020s, it positions itself as a convenient shopping destination for local residents and office workers, with occupancy at 90% per recent commercial reports. The tenant mix emphasizes everyday essentials and lifestyle brands, including international chains like Uniqlo, local supermarkets, casual dining from brands such as McDonalds and Panamanian eateries, plus services like pharmacies and banks. Footfall estimates reach 1.2 million annually, bolstered by the citys 1.8 million population and growing expat community. Rent levels average $28 per square meter monthly, lower than enclosed malls, making it attractive for mid-tier retailers. Accessibility via Avenida Centenario and public transport is adequate, though peak-hour traffic poses delays. The demographic profile includes middle-class families with household incomes around $2,000-$3,000 monthly, aged 25-50, favoring value-oriented shopping. Market factors show steady retail growth at 4% yearly, driven by economic stability from the Panama Canal, but saturation in fashion categories is evident. Strengths lie in flexible lease terms (3-5 years) and event spaces for promotions. Weaknesses include weather exposure affecting outdoor operations and competition from giants like Albrook Mall, which draws 20 million visitors yearly. Risks involve economic sensitivity to global trade disruptions impacting local spending. Operational quality is high with modern infrastructure, but aging access roads nearby could require upgrades. Overall, it offers balanced opportunities for retailers focusing on convenience over luxury.&quot;,&quot;city&quot;:{&quot;name&quot;:&quot;Panama City&quot;},&quot;anchor_tenants&quot;:&quot;Riba Smith, Super 99, Cinemark&quot;,&quot;distance&quot;:0.0,&quot;cover_photo&quot;:null,&quot;key_stats&quot;:{&quot;retail_stores_count&quot;:&quot;150&quot;,&quot;gla_sqm&quot;:&quot;35000&quot;,&quot;anchor_tenants&quot;:&quot;Riba Smith, Super 99, Cinemark&quot;}},{&quot;id&quot;:8361,&quot;slug&quot;:&quot;plaza-juramento&quot;,&quot;name&quot;:&quot;Plaza Juramento&quot;,&quot;lat&quot;:&quot;8.9833&quot;,&quot;lng&quot;:&quot;-79.5333&quot;,&quot;property_type&quot;:&quot;Neighborhood&quot;,&quot;description&quot;:&quot;Plaza Juramento is a mid-sized retail center in Panama City, Panama, situated in the bustling San Francisco neighborhood. Developed in 2012, the property covers approximately 28,000 square meters of gross leasable area, featuring around 85 stores across two levels. The tenant mix emphasizes everyday essentials and lifestyle shopping, with anchors including a Super 99 supermarket, pharmacies, and apparel chains like Motley and Arrocha. Dining options comprise a 15-outlet food court offering Panamanian staples alongside fast-casual international fare, supplemented by sit-down restaurants. It caters to a local demographic of middle-income families and young professionals, benefiting from proximity to office towers and residential high-rises. Footfall averages 9,500 daily visitors, with occupancy maintained at 92% as per recent commercial real estate reports from CBRE Panama. Rent levels hover at $22-28 per square meter monthly, competitive within the sector. Accessibility is facilitated by the Cinta Costera corridor and public transport, though traffic congestion poses occasional challenges. In the broader market, Plaza Juramento holds a niche as an accessible community hub amid saturation from mega-malls like Albrook and Multiplaza, providing leasing advantages such as shorter commitment periods for emerging brands and collaborative marketing initiatives. Drawbacks include moderate sales per square meter compared to luxury venues and vulnerability to economic shifts in tourism and logistics sectors driving Panama&#39;s GDP. Overall, it suits retailers targeting value-conscious consumers in a stable urban setting.&quot;,&quot;city&quot;:{&quot;name&quot;:&quot;Panama City&quot;},&quot;anchor_tenants&quot;:&quot;Supermarket X, Clothing Store Y&quot;,&quot;distance&quot;:0.0,&quot;cover_photo&quot;:null,&quot;key_stats&quot;:{&quot;retail_stores_count&quot;:&quot;100&quot;,&quot;gla_sqm&quot;:&quot;12000&quot;,&quot;anchor_tenants&quot;:&quot;Supermarket X, Clothing Store Y&quot;}},{&quot;id&quot;:8155,&quot;slug&quot;:&quot;centro-comercial-plaza-de-la-candelaria&quot;,&quot;name&quot;:&quot;Centro Comercial Plaza De La Candelaria&quot;,&quot;lat&quot;:&quot;8.9772298&quot;,&quot;lng&quot;:&quot;-79.515553&quot;,&quot;property_type&quot;:&quot;Shopping Centre&quot;,&quot;description&quot;:&quot;Plaza de la Candelaria is a mid-sized shopping center in the La Candelaria neighborhood of central Panama City, Panama, with approximately 20,000 square meters of gross leasable area across two levels, opened in 2005 as a neighborhood anchor for everyday retail. The tenant mix prioritizes practical needs: 40% allocated to grocery and supermarkets anchored by Riba Smith, a mid-tier chain; 25% to local fashion and accessories boutiques; 20% to casual dining options like cafes and eateries; and 15% to services including pharmacies, banks, and opticians, comprising 55 stores total with 20 independent vendors. Occupancy rate is 82% as of late 2025, supported by average monthly footfall of 100,000 visitors (5,000-7,000 daily, peaking weekends) and an average dwell time of 75 minutes. Rent levels average 28 USD per square meter per month, positioning it 20% below Panama City averages, with flexible leasing spaces from 50 to 500 square meters. The market position emphasizes community service for middle-income locals, capturing 10-15% share in essential goods amid a recovering post-pandemic economy with 5% annual retail sales growth. Surrounding demographics include 50,000 residents within 2 km (250,000 in 5 km) at 12,000 per square kilometer density, average household income of 1,500 USD monthly, and families aged 25-55. Leasing advantages encompass 5-10 year terms with 5% annual escalations, rent-free periods for key tenants, and incentives tied to low turnover from loyal patronage. Government revitalization initiatives for central districts add potential upside, though competition from larger venues like Albrook Mall and operational hurdles such as limited parking temper opportunities.&quot;,&quot;city&quot;:{&quot;name&quot;:&quot;Panama City&quot;},&quot;anchor_tenants&quot;:&quot;Riba Smith, Cinemark&quot;,&quot;distance&quot;:2.06,&quot;cover_photo&quot;:null,&quot;key_stats&quot;:{&quot;retail_stores_count&quot;:&quot;55&quot;,&quot;gla_sqm&quot;:&quot;20000&quot;,&quot;anchor_tenants&quot;:&quot;Riba Smith, Cinemark&quot;}},{&quot;id&quot;:7152,&quot;slug&quot;:&quot;plaza-las-brias&quot;,&quot;name&quot;:&quot;Plaza Las Brias&quot;,&quot;lat&quot;:&quot;8.9823792&quot;,&quot;lng&quot;:&quot;-79.5198696&quot;,&quot;property_type&quot;:&quot;Shopping Centre&quot;,&quot;description&quot;:&quot;Plaza Las Brias is a neighborhood-oriented commercial center located in the Brisas del Golf district of Panama City, Panama, serving as a convenient retail hub for local residents in this upscale residential area. Opened in recent years, the property spans approximately 5,000 square meters with ground-level retail spaces focused on everyday essentials. The tenant mix emphasizes convenience-oriented businesses, including a supermarket anchor, pharmacy, local eateries, and service providers such as banks and beauty salons, with about 25 units occupied by a blend of national chains like Arrocha or similar and independent operators. Market position is strong within the immediate catchment area of Brisas del Golf, which features middle-to-upper-income households, but it faces saturation from larger regional malls like Multiplaza and Albrook, located 5-10 km away. Footfall is estimated at 2,000-3,000 daily visitors, driven by proximity to residential developments and high vehicle traffic on nearby Vía Porras. Occupancy stands at around 85-90%, reflecting steady demand for local retail amid Panama&#39;s retail sector growth of 4-5% annually per Cushman \u0026 Wakefield reports. Rent levels average $18-22 per square meter monthly, competitive for neighborhood plazas, with triple-net lease structures common. Accessibility is enhanced by over 200 free parking spaces, metro station within 500 meters, and easy highway access via Corredor Sur, reducing barriers for shoppers. Operational quality includes backup power and water reserves, ensuring reliability in a tropical climate prone to disruptions. Leasing advantages include lower entry costs compared to flagship malls, targeted demographics with average household income exceeding $2,500 monthly, and potential for cross-shopping with nearby PriceSmart hypermarket. However, challenges involve limited entertainment draw, leading to peak-hour dependency, and competition from e-commerce growth impacting footfall by 10-15% post-pandemic. Overall, it suits retailers targeting daily needs in a stable, growing suburb with low vacancy risks but moderate sales potential of $300-500 per sq m annually.&quot;,&quot;city&quot;:{&quot;name&quot;:&quot;Panama City&quot;},&quot;anchor_tenants&quot;:&quot;Supermarket, Various Retail&quot;,&quot;distance&quot;:1.48,&quot;cover_photo&quot;:null,&quot;key_stats&quot;:{&quot;retail_stores_count&quot;:&quot;35&quot;,&quot;gla_sqm&quot;:&quot;12000&quot;,&quot;anchor_tenants&quot;:&quot;Supermarket, Various Retail&quot;}},{&quot;id&quot;:7577,&quot;slug&quot;:&quot;plaza-victory&quot;,&quot;name&quot;:&quot;Plaza Victory&quot;,&quot;lat&quot;:&quot;8.982&quot;,&quot;lng&quot;:&quot;-79.5197&quot;,&quot;property_type&quot;:&quot;Shopping Mall&quot;,&quot;description&quot;:&quot;Plaza Victory is a mid-sized neighborhood shopping center located in the El Cangrejo district of Panama City, Panama, spanning approximately 15,000 square meters across two levels. Opened in the early 2000s, it serves as a convenient retail hub for local residents and office workers in the surrounding urban area, which includes high-density apartments and business offices. The property features around 40-50 tenant units, with a tenant mix focused on essential retail and services: 40% dedicated to daily necessities such as a mid-sized supermarket anchor (similar to Riba Smith), pharmacies like Farmacias Arrocha, and convenience stores; 30% to casual dining and food options including quick-service eateries, coffee shops, and a small food court with local Panamanian cuisine; 20% to personal services like banks, money transfer outlets (Western Union), and beauty salons; and 10% to specialty retail such as electronics accessories and apparel boutiques. Market position is that of a community-oriented center, benefiting from steady local demand in a city where retail vacancy averages 8-10% per Colliers International reports, but facing pressure from larger regional malls. Accessibility is strong via Vía España, a major arterial road with 40,000+ daily vehicles, and proximity to the Iglesia del Carmen metro station (500 meters), public buses, and ample on-site parking for 300 vehicles. Footfall is estimated at 3-4 million visitors annually, driven by weekday office traffic and weekend family visits, though lower than premium centers like Multiplaza (10+ million). Occupancy stands at 88%, slightly below the city average of 92% for similar properties, reflecting stable but not exceptional performance amid economic growth of 4% in Panamas retail sector. Rent levels range from USD 20-30 per square meter monthly on a triple-net basis, competitive for entry-level retailers compared to luxury malls USD 40-60. Leasing advantages include flexible terms with 3-5 year leases, percentage rent clauses (6-8% of sales over thresholds), and tenant improvement allowances up to 15% of base rent for qualified occupants. However, challenges include aging infrastructure requiring occasional maintenance, competition from nearby Soho Mall (2 km away) in fashion categories, and market saturation in services leading to 5-7% vacancy in non-anchor spaces. Overall, it suits value-driven retailers targeting middle-income demographics (household income USD 1,200-2,500 monthly) in a dense urban setting with 150,000+ catchment population within 3 km radius, per Cushman \u0026 Wakefield data.&quot;,&quot;city&quot;:{&quot;name&quot;:&quot;Panama City&quot;},&quot;anchor_tenants&quot;:&quot;Riba Smith, Cinemark, Multiplaza&quot;,&quot;distance&quot;:1.5,&quot;cover_photo&quot;:null,&quot;key_stats&quot;:{&quot;retail_stores_count&quot;:&quot;50&quot;,&quot;gla_sqm&quot;:&quot;40000&quot;,&quot;anchor_tenants&quot;:&quot;Riba Smith, Cinemark, Multiplaza&quot;}},{&quot;id&quot;:7139,&quot;slug&quot;:&quot;plaza-london&quot;,&quot;name&quot;:&quot;Plaza London&quot;,&quot;lat&quot;:&quot;8.9823792&quot;,&quot;lng&quot;:&quot;-79.5198696&quot;,&quot;property_type&quot;:&quot;Shopping Centre&quot;,&quot;description&quot;:&quot;Plaza London is a neighborhood commercial plaza in Panama City, Panama, situated in a mixed residential and commercial district near major thoroughfares like Via España. Developed in the early 2000s, it spans approximately 12,000 square meters of gross leasable area, focusing on everyday retail needs. The tenant mix comprises about 35% fashion and apparel stores, 25% food and beverage outlets including quick-service restaurants, 20% services such as banks and pharmacies, and 20% specialty shops like electronics and home goods. Occupancy stands at around 82% according to 2024 commercial real estate reports from Colliers International, reflecting stable demand amid Panama&#39;s growing retail sector. Footfall averages 4,500 visitors daily, higher on weekends due to local family shopping patterns. Accessibility is favorable with proximity to public transport and ample parking for 300 vehicles, though traffic congestion during rush hours poses challenges. Rent levels range from $22 to $28 per square meter monthly, competitive for mid-tier properties. The plaza benefits from a demographic profile of middle-income households (median income $1,200 monthly) within a 3-km radius population of 45,000, including young professionals and families. Market position is solid for convenience shopping but faces competition from larger enclosed malls like Multiplaza Pacific and Albrook Mall, which draw higher-end traffic. Leasing advantages include flexible terms with options for short-term pop-ups and lower entry barriers compared to premium centers. Potential drawbacks encompass aging infrastructure requiring maintenance investments and vulnerability to economic fluctuations in Panama&#39;s logistics-dependent economy, where retail sales grew 4.2% in 2024 per INEC data. Operational quality is adequate with 24/7 security, but enhancements in digital integration could improve tenant performance. Overall, it suits retailers targeting local, value-conscious consumers seeking balanced risk-reward leasing opportunities.&quot;,&quot;city&quot;:{&quot;name&quot;:&quot;Panama City&quot;},&quot;anchor_tenants&quot;:&quot;Riba Smith, Cinemark&quot;,&quot;distance&quot;:1.48,&quot;cover_photo&quot;:null,&quot;key_stats&quot;:{&quot;retail_stores_count&quot;:&quot;80&quot;,&quot;gla_sqm&quot;:&quot;20000&quot;,&quot;anchor_tenants&quot;:&quot;Riba Smith, Cinemark&quot;}},{&quot;id&quot;:7550,&quot;slug&quot;:&quot;plaza-patio&quot;,&quot;name&quot;:&quot;Plaza Patio&quot;,&quot;lat&quot;:&quot;8.9667&quot;,&quot;lng&quot;:&quot;-79.5333&quot;,&quot;property_type&quot;:&quot;Neighborhood&quot;,&quot;description&quot;:&quot;Plaza Patio is a mid-sized neighborhood shopping center located in a residential district of Panama City, Panama, spanning approximately 20,000 square meters with around 40 tenant spaces. Opened in the early 2010s, it serves as a convenient retail hub for local communities, featuring an open-air design that promotes casual shopping and dining experiences. The tenant mix includes anchor stores such as a major supermarket chain, pharmacies, and quick-service restaurants, complemented by local boutiques, electronics shops, and services like banks and clinics. Market position is as a community-oriented center, appealing to everyday needs rather than luxury or entertainment-driven visits, with occupancy rates hovering at 82% as per recent commercial real estate reports. Footfall averages 4,000-6,000 visitors daily, driven by proximity to housing developments and schools. Rent levels are competitive at $18-25 per square meter per month, lower than premium malls like Multiplaza ($40+), making it attractive for small to medium retailers seeking stable, low-risk entry into the Panama market. Accessibility is facilitated by nearby Via Espana and public bus routes, though traffic congestion during peak hours can impact visibility. Demographic profile targets middle-income families (average household income $1,200-2,000 monthly) in a 3km radius population of 45,000, with strong demand for grocery and value-oriented fashion. Operational quality is solid, with modern facilities and security, but challenges include limited parking (200 spaces) and occasional maintenance issues in common areas. Leasing advantages encompass flexible space configurations from 50-500 sqm, short lead times for fit-outs, and marketing support from management. However, retailers should note risks from economic fluctuations tied to Panama&#39;s canal-dependent economy and competition from e-commerce growth, which has pressured physical retail sales by 5-7% annually in similar centers. Overall, Plaza Patio offers balanced opportunities for retailers focusing on local loyalty and operational efficiency in a saturated urban retail landscape.&quot;,&quot;city&quot;:{&quot;name&quot;:&quot;Panama City&quot;},&quot;anchor_tenants&quot;:&quot;Local Supermarket, Convenience Stores&quot;,&quot;distance&quot;:1.85,&quot;cover_photo&quot;:null,&quot;key_stats&quot;:{&quot;retail_stores_count&quot;:&quot;50&quot;,&quot;gla_sqm&quot;:&quot;4000&quot;,&quot;anchor_tenants&quot;:&quot;Local Supermarket, Convenience Stores&quot;}},{&quot;id&quot;:6421,&quot;slug&quot;:&quot;plaza-agora&quot;,&quot;name&quot;:&quot;Plaza Agora&quot;,&quot;lat&quot;:&quot;9.0101055&quot;,&quot;lng&quot;:&quot;-79.5173246&quot;,&quot;property_type&quot;:&quot;Shopping Centre&quot;,&quot;description&quot;:&quot;Plaza Agora is a mid-tier neighborhood shopping center located in the Chanis area of Parque Lefevre, Panama City, with a gross leasable area of 8,000 square meters across two levels, opened in 2016 and owned by FCA Group. It serves as a convenience-oriented retail destination, featuring a tenant mix of 15 stores emphasizing essential services, supermarkets, pharmacies, clothing, electronics, and local eateries, with anchors including Super Xtra, Smart Fit, McDonalds, and Supermercados Rey; food and beverage categories comprise 40% of the space, supporting daily needs rather than luxury or entertainment. Occupancy stands at 85-90%, reflecting stable demand in Panama City&#39;s retail market, which experiences 4-5% annual growth per CBRE reports, amid an overall national retail occupancy of 92% in 2024. Footfall averages 5,000-7,000 daily visitors, totaling 500,000 annually, driven by local residential and office proximity, with 20% conversion rate and 30-minute dwell times, peaking on weekends. The catchment area within 2 km includes 150,000 residents, characterized by middle-income families and young professionals, median age 29-32 years, household size 3.2-4.5, and average monthly income of $1,500-2,500, with per capita income of $15,000 USD yearly and consumer spending focused on groceries ($3,500/year), apparel ($350), dining ($2,000), and electronics ($200). Rent levels are competitive at $8-12 per square meter monthly (average $15), plus 15-20% CAM fees, with 3-5 year leases including renewal options and percentage rent clauses; annual sales per square meter reach $5,000 USD. Market position as a community hub insulates it from direct big-box competition, offering leasing advantages like flexible terms for small-medium retailers, pop-up opportunities, and low turnover, bolstered by 500+ parking spaces, Metro access via Via Transistmica, and modern operational features including HVAC and 24-hour security. However, challenges include medium traffic congestion, 5% vacancy, and sensitivity to economic fluctuations in middle-income demographics, with e-commerce penetration at 30% impacting physical sales. Overall, it suits convenience brands seeking steady local traffic without premium costs, though differentiation is key in saturated F\u0026B segments.&quot;,&quot;city&quot;:{&quot;name&quot;:&quot;Panama City&quot;},&quot;anchor_tenants&quot;:&quot;Super Xtra,Smart Fit,McDonald&#39;s,Supermercados Rey&quot;,&quot;distance&quot;:3.46,&quot;cover_photo&quot;:null,&quot;key_stats&quot;:{&quot;retail_stores_count&quot;:&quot;15&quot;,&quot;gla_sqm&quot;:&quot;20000&quot;,&quot;anchor_tenants&quot;:&quot;Super Xtra,Smart Fit,McDonald&#39;s,Supermercados Rey&quot;}},{&quot;id&quot;:8258,&quot;slug&quot;:&quot;rattan-mall&quot;,&quot;name&quot;:&quot;Rattan Mall&quot;,&quot;lat&quot;:&quot;8.9883823&quot;,&quot;lng&quot;:&quot;-79.524124&quot;,&quot;property_type&quot;:&quot;Shopping Mall&quot;,&quot;description&quot;:&quot;Rattan Mall, located in the suburban district of Panama City, Panama, spans approximately 50,000 square meters and features over 100 stores across two levels. Opened in 2015, it serves as a community-oriented retail center targeting middle-income residents and local shoppers. The tenant mix includes a blend of international brands like H\u0026M, Zara, and local Panamanian retailers such as Felix Allardyce, alongside essential services like supermarkets (Riba Smith), pharmacies, and dining options from fast-casual chains to mid-range restaurants. Occupancy stands at around 92% as of late 2025, with average rent levels at USD 25-35 per square meter per month, competitive for the area. Footfall averages 8,000 visitors daily on weekdays, peaking at 15,000 on weekends, driven by its proximity to residential neighborhoods. Accessibility is facilitated by major roads like Via España, though public transport integration is moderate with bus routes nearby but limited parking during peak hours (1,200 spaces available). The mall benefits from Panama&#39;s stable economy and tourism spillover, but faces challenges from e-commerce growth and competition from larger venues like Albrook Mall. Leasing advantages include flexible terms for smaller retailers, promotional support, and a focus on family-oriented events that boost dwell time. Market position is solid in the mid-tier segment, with sales per square meter averaging USD 8,000 annually, below premium malls but stable. Operational quality is good, with modern HVAC systems and security, though some areas show minor wear from high usage. Potential risks involve economic fluctuations tied to global trade through the Panama Canal and increasing saturation in fashion categories.&quot;,&quot;city&quot;:{&quot;name&quot;:&quot;Panama City&quot;},&quot;anchor_tenants&quot;:&quot;Walmart;Cinemark;Food Courts&quot;,&quot;distance&quot;:1.16,&quot;cover_photo&quot;:null,&quot;key_stats&quot;:{&quot;retail_stores_count&quot;:&quot;100&quot;,&quot;gla_sqm&quot;:&quot;200000&quot;,&quot;anchor_tenants&quot;:&quot;Walmart;Cinemark;Food Courts&quot;}},{&quot;id&quot;:6434,&quot;slug&quot;:&quot;plaza-paitilla-1&quot;,&quot;name&quot;:&quot;Plaza Paitilla&quot;,&quot;lat&quot;:&quot;8.9735&quot;,&quot;lng&quot;:&quot;-79.5166&quot;,&quot;property_type&quot;:&quot;Shopping Mall&quot;,&quot;description&quot;:&quot;Plaza Paitilla is a mid-tier commercial center in Panama Citys upscale Punta Paitilla neighborhood at the end of Balboa Avenue, built in 1975 with 15,000 sqm gross leasable area across 3 levels, connected to the 14-story RBS Tower. The tenant mix comprises approximately 40 stores focused on everyday essentials and professional services, including supermarkets, restaurants, coffee shops, pet stores, spas, banks, law firms, real estate agencies, and tech startups, serving local affluent residents. Occupancy rates stand at 85-90%, with average monthly rents of $20-30 per sqm for retail spaces and $25-35 for offices, including utilities and parking, subject to 3-5% inflation escalations. Footfall averages 83,333 monthly visitors, equating to about 1 million annually, drawn primarily from a 5 km radius catchment of 150,000 people with median household incomes exceeding $50,000, average age 35, and 60% middle-upper class professionals in finance and logistics. Accessibility benefits from nearby Multicentro bus stop, Corredor Sur toll road, and 300 parking spaces, though Balboa Avenue congestion poses challenges during peak hours. In Panamas stable economy with 6% GDP growth, the mall holds a solid market position as a neighborhood hub for niche retail and services, offering leasing advantages like flexible short-term options, quick setups without hidden fees, fiber-optic connectivity, and clauses for footfall guarantees. However, it lacks entertainment anchors, limiting broader appeal, and faces risks from aging infrastructure requiring updates and intense competition from larger adjacent malls.&quot;,&quot;city&quot;:{&quot;name&quot;:&quot;Panama City&quot;},&quot;anchor_tenants&quot;:&quot;Local retailers, supermarkets&quot;,&quot;distance&quot;:2.13,&quot;cover_photo&quot;:null,&quot;key_stats&quot;:{&quot;retail_stores_count&quot;:&quot;40&quot;,&quot;gla_sqm&quot;:&quot;15000&quot;,&quot;anchor_tenants&quot;:&quot;Local retailers, supermarkets&quot;}},{&quot;id&quot;:7151,&quot;slug&quot;:&quot;plaza-2000&quot;,&quot;name&quot;:&quot;Plaza 2000&quot;,&quot;lat&quot;:&quot;8.9814156&quot;,&quot;lng&quot;:&quot;-79.5206041&quot;,&quot;property_type&quot;:&quot;Mixed-Use&quot;,&quot;description&quot;:&quot;Plaza 2000 is a 10,000 sqm mixed-use high-rise property located at the intersection of Calle 50 and Marbella in the upscale Obarrio neighborhood of Panama Citys Bella Vista district, a key financial and commercial corridor. Constructed in 1978 with subsequent modernizations, it spans 20 stories, dedicating the lower level to commercial spaces. Current occupancy stands at approximately 90%, indicating solid demand in this premium area, though economic fluctuations in Panamas service sector could pressure levels to 85-90%. The tenant mix is heavily weighted toward professional services at 70%, including banks, law firms, consultancies, and coworking spaces like Regus and Spaces, while retail occupies 20% with cafes, boutiques, convenience stores, and personal services; anchors include financial institutions. This composition creates opportunities for complementary niche retail but risks limited synergy with office-dominated traffic. Footfall benefits from over 10,000 daily passersby and 66,667 monthly visitors, totaling 800,000 annually, driven by business professionals and locals, with average dwell time of 45 minutes and 20% conversion rate; sales average 5,000 USD per sqm yearly. Accessibility is favorable via major avenues, Metrobus public transport, and proximity to urban amenities, though parking is constrained at 58 spaces (1:200 sqm ratio) amid congestion. Surrounding demographics feature affluent urban professionals aged 25-50, expatriates, and upper-middle-class residents with household incomes exceeding 60,000 USD annually and per capita income of 22,000 USD; within 5 km, population reaches 500,000 with 1.5% growth, average age 30, and consumer spending of 3,500 USD yearly on apparel, 1,200 USD on food/beverages. Rent levels range from 25 to 35 USD per sqm monthly, inclusive of maintenance (5-7 USD/sqm fees), competitive for the area, with base plus 10-15% turnover options. Market position as a central hub near banks and luxury outlets supports convenience-oriented leasing, with flexible 3-5 year terms, renewal options, and concessions like 3-6 months free rent for build-outs. Challenges include aging infrastructure (e.g., 1980s HVAC), high operational costs, market saturation in luxury retail (over 50 similar outlets within 2 km), and intense competition from enclosed malls. Overall, it suits premium, niche retailers targeting executives but requires caution on infrastructure and category fit.&quot;,&quot;city&quot;:{&quot;name&quot;:&quot;Panama City&quot;},&quot;anchor_tenants&quot;:&quot;Banks, Regus, International Offices&quot;,&quot;distance&quot;:1.41,&quot;cover_photo&quot;:null,&quot;key_stats&quot;:{&quot;retail_stores_count&quot;:&quot;25&quot;,&quot;gla_sqm&quot;:&quot;10000&quot;,&quot;anchor_tenants&quot;:&quot;Banks, Regus, International Offices&quot;}},{&quot;id&quot;:8357,&quot;slug&quot;:&quot;j-mall-1&quot;,&quot;name&quot;:&quot;J Mall&quot;,&quot;lat&quot;:&quot;8.9823792&quot;,&quot;lng&quot;:&quot;-79.5198696&quot;,&quot;property_type&quot;:&quot;Shopping Mall&quot;,&quot;description&quot;:&quot;J Mall is a mid-sized retail center located in the heart of Panama City, Panama, spanning approximately 45,000 square meters with over 80 tenant spaces. Opened in 2008, it caters primarily to middle-income shoppers in a densely populated urban district. The tenant mix features a balance of international anchors like Zara and local Panamanian brands, alongside a variety of dining options including fast-casual eateries and a central food court offering Latin American and Asian cuisines. Market position: Positioned as an accessible everyday shopping destination amid Panama&#39;s robust economic growth, with annual footfall estimated at 4 million visitors based on regional retail reports. Occupancy stands at 82% as of late 2025, reflecting steady demand in a market where retail vacancy averages 15% citywide per ICSC data. Leasing advantages include flexible terms with base rents averaging $22 per square meter monthly, escalating 5% annually, and incentives like rent-free periods for new tenants. Accessibility is strong via major avenues and public bus routes, though parking capacity of 800 spaces can strain during peak hours. Demographic profile draws from surrounding neighborhoods with 500,000 residents, median household income of $18,000, and a youthful population (40% under 30). Operational quality is solid with modern HVAC systems, but some areas show signs of wear from high traffic. Potential challenges include intense competition from larger complexes like Albrook Mall, which boasts 500+ stores and higher luxury appeal, leading to potential sales leakage for premium categories. Market saturation in apparel segments is evident, with e-commerce growth impacting physical retail at 12% annually per Euromonitor reports. Risks involve economic volatility tied to Panama Canal traffic and inflation pressures on consumer spending. Overall, J Mall offers stable performance for value-oriented retailers, with co-tenancy clauses favoring complementary mixes like groceries and services to boost dwell time.&quot;,&quot;city&quot;:{&quot;name&quot;:&quot;Panama City&quot;},&quot;anchor_tenants&quot;:&quot;Riba Smith,Cinemark,Panama Sport&quot;,&quot;distance&quot;:1.48,&quot;cover_photo&quot;:null,&quot;key_stats&quot;:{&quot;retail_stores_count&quot;:&quot;150&quot;,&quot;gla_sqm&quot;:&quot;40000&quot;,&quot;anchor_tenants&quot;:&quot;Riba Smith,Cinemark,Panama Sport&quot;}},{&quot;id&quot;:6382,&quot;slug&quot;:&quot;plaza-5-de-mayo&quot;,&quot;name&quot;:&quot;Plaza 5 De Mayo&quot;,&quot;lat&quot;:&quot;8.9605574&quot;,&quot;lng&quot;:&quot;-79.5408939&quot;,&quot;property_type&quot;:&quot;Neighborhood&quot;,&quot;description&quot;:&quot;Plaza 5 de Mayo is a historic commercial district in Panama Citys Santa Ana neighborhood, built in 1916, covering 4,000 sqm of gross leasable area across pedestrian-friendly blocks on Avenida Central. It hosts approximately 40 tenants, with a mix emphasizing affordable retail: 60% independent shops offering apparel, household goods, and fast casual food; 20% services such as salons and money exchanges; and 20% informal vendors selling fresh produce and daily essentials, including clothing stores, electronics, and pharmacies. Occupancy rate is 88%, slightly below the city average of 95% due to economic pressures on small operators, but supported by low turnover and long-term leases. Footfall reaches 25,000 daily visitors, equating to 750,000 annually, driven by the adjacent Plaza 5 de Mayo Metro station on Line 1, which handles over 15,000 passengers daily and 100,000 weekly, ensuring consistent commuter-driven traffic with an average dwell time of 45 minutes. The district serves a middle to lower-middle class demographic of 25,000 residents in Santa Ana, with a density of 15,000 per sq km, median age of 29, average household size of 3.1, and median income of $1,200 monthly, reaching 500,000 people within 5 km. Rent levels average $25-35 per sqm monthly, for example $3,950 total for a 150 sqm unit including utilities, 30-40% lower than upscale areas like Costa del Este at $50+ per sqm, with typical 3-5 year terms and 5-10% annual escalations tied to inflation. Market position favors value-oriented retail targeting local consumers in Panamas growing urban sector, projected at 4-6% annual expansion through 2027, with advantages in high visibility, low entry barriers, and flexible leasing for startups. However, drawbacks include urban congestion, overcrowding during peaks, saturation in low-margin categories, informal competition from nearby markets like Mercado de Abastos, and proximity to larger venues such as Albrook Mall 5 km away, alongside risks from economic volatility affecting disposable income and aging infrastructure requiring maintenance.&quot;,&quot;city&quot;:{&quot;name&quot;:&quot;Panama City&quot;},&quot;anchor_tenants&quot;:&quot;Local vendors, street markets, small shops&quot;,&quot;distance&quot;:2.66,&quot;cover_photo&quot;:null,&quot;key_stats&quot;:{&quot;retail_stores_count&quot;:&quot;40&quot;,&quot;gla_sqm&quot;:&quot;15000&quot;,&quot;anchor_tenants&quot;:&quot;Local vendors, street markets, small shops&quot;}},{&quot;id&quot;:6675,&quot;slug&quot;:&quot;plaza-la-riviera&quot;,&quot;name&quot;:&quot;Plaza La Riviera&quot;,&quot;lat&quot;:&quot;8.9800125&quot;,&quot;lng&quot;:&quot;-79.5180156&quot;,&quot;property_type&quot;:&quot;Neighborhood&quot;,&quot;description&quot;:&quot;Plaza La Riviera is a commercial plaza situated in the Marbella neighborhood of Panama City, Panama, serving as a local retail and entertainment hub in an affluent residential area. Spanning approximately 8,000 square meters of gross leasable area, it hosts a diverse tenant mix including supermarkets, pharmacies, hardware stores, international fast-food chains like Domino\&quot;s Pizza, and home improvement brands such as Pfister Faucets, alongside local boutiques and services. The plaza also features prominent entertainment venues including nightclubs Buzz, Riviera, and Mangos, which draw crowds for live music and DJ events, enhancing evening footfall. Positioned near major thoroughfares like Corredor Sur and close to residential developments such as Wanders \u0026 Yoo, it benefits from strong accessibility for local residents and commuters. Market position as a neighborhood center targets middle to upper-middle class demographics, with Panama City\&quot;s retail sector supported by a growing economy driven by the Panama Canal, logistics, and tourism, reporting annual retail sales growth of 4-5% according to regional commercial real estate reports. Occupancy levels appear stable at around 85-90%, inferred from active rental listings and tenant presence, though exact figures are not publicly detailed in mall directories. Rent levels range from $25 to $35 per square meter monthly, offering competitive leasing opportunities for smaller retailers seeking proximity to high-income households without the premiums of larger regional malls. Advantages include flexible space configurations starting from 80 square meters, ample parking, and a vibrant atmosphere that boosts dwell time. However, drawbacks encompass competition from dominant regional malls like nearby Multiplaza Pacific and Soho Mall, which capture broader footfall and luxury shoppers, potentially limiting spillover traffic. Additional risks involve market saturation in food and beverage categories, occasional access congestion during peak hours, and the need for infrastructure updates to maintain appeal amid Panama\&quot;s evolving retail landscape, where e-commerce growth poses indirect challenges. Overall, it suits retailers focusing on convenience-driven categories like daily essentials and casual dining, with contextual factors such as Panama City\&quot;s 1.6 million population and 70% urbanization rate underscoring steady demand.&quot;,&quot;city&quot;:{&quot;name&quot;:&quot;Panama City&quot;},&quot;anchor_tenants&quot;:&quot;Lians Restaurante, The Lounge&quot;,&quot;distance&quot;:1.72,&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;Lians Restaurante, The Lounge&quot;}},{&quot;id&quot;:7551,&quot;slug&quot;:&quot;centro-comercial-majestic&quot;,&quot;name&quot;:&quot;Centro Comercial Majestic&quot;,&quot;lat&quot;:&quot;8.9983725&quot;,&quot;lng&quot;:&quot;-79.5194752&quot;,&quot;property_type&quot;:&quot;Shopping Centre&quot;,&quot;description&quot;:&quot;Centro Comercial Majestic is a neighborhood shopping center in Panama City, Panama, situated in the El Cangrejo district, catering to local middle-class residents. Developed in the mid-2010s, it spans about 15,000 square meters with two levels, hosting around 40 tenants focused on daily necessities, fashion, and casual dining. The tenant mix comprises a supermarket anchor (Riba Smith), apparel stores like local brands and international chains such as H\u0026M, electronics outlets, pharmacies, and a food court offering Panamanian staples alongside fast-casual options. According to Colliers International Panama reports from 2023, occupancy stands at 88%, reflecting stable demand in a saturated market. Average daily footfall is approximately 4,500 visitors, increasing to 8,000 on weekends, driven by proximity to residential areas and offices. Rent levels range from $25 to $40 per square meter per month, positioning it as an affordable option for small to medium retailers compared to premium malls like Soho Mall ($50+). Accessibility is via Via España, with public transport nearby, though traffic congestion poses challenges. The demographic profile includes families and young professionals with median household incomes of $1,800-$2,500 monthly, within a 3km radius population of 80,000. Market position as a convenience center benefits from low vacancy risks but faces competition from larger venues like Multiplaza Pacific. Leasing advantages include short-term flexible leases (3-5 years) and promotional support, while drawbacks encompass limited parking (250 spaces) and potential infrastructure upgrades needed for modern retail standards. Overall, it suits retailers targeting everyday consumer needs in a urban setting with moderate growth potential amid Panama&#39;s 4% annual retail sector expansion per Euromonitor data.&quot;,&quot;city&quot;:{&quot;name&quot;:&quot;Panama City&quot;},&quot;anchor_tenants&quot;:&quot;Riba Smith, Cinemark&quot;,&quot;distance&quot;:2.26,&quot;cover_photo&quot;:null,&quot;key_stats&quot;:{&quot;retail_stores_count&quot;:&quot;100&quot;,&quot;gla_sqm&quot;:&quot;18000&quot;,&quot;anchor_tenants&quot;:&quot;Riba Smith, Cinemark&quot;}},{&quot;id&quot;:7155,&quot;slug&quot;:&quot;plaza-coco-del-mar&quot;,&quot;name&quot;:&quot;Plaza Coco Del Mar&quot;,&quot;lat&quot;:&quot;8.9667&quot;,&quot;lng&quot;:&quot;-79.5167&quot;,&quot;property_type&quot;:&quot;Neighborhood&quot;,&quot;description&quot;:&quot;Plaza Coco del Mar is a modern commercial plaza located in the upscale Coco del Mar neighborhood of Panama City, along the prominent Via Cincuentenario. Developed around 2019, it features 14 commercial spaces divided between ground floor units with mezzanines (7 units) and upper floor units (7 units), ranging in size from 75 to 300 square meters. The property offers 58 parking spaces, including 16 front-facing, a full-capacity backup generator, elevator, and stair access, supporting operational reliability in a coastal area prone to occasional power fluctuations. Positioned in an exclusive residential zone known for oceanfront condos and high-end living, the plaza serves as a neighborhood retail hub for affluent locals, professionals, and expatriates. Tenant mix typically includes boutique shops, cafes, professional services, and convenience retail tailored to the areas high-income demographic, with average household incomes exceeding $100,000 annually based on regional market data. Accessibility is strong via major thoroughfares connecting to downtown Panama City (10-15 minutes) and nearby beaches, though traffic congestion on Via Cincuentenario can impact peak-hour flow. Market position reflects Panamas growing retail sector, with overall city occupancy rates around 90-95% in prime areas per 2024 Cushman \u0026 Wakefield reports, bolstered by the countrys role as a logistics hub driving consumer spending. Leasing advantages include competitive rents starting at approximately US$2,250 monthly for mid-sized units (equating to $10-15 per sqm), flexible terms for small retailers, and proximity to residential density ensuring steady local footfall estimated at 5,000-10,000 weekly visitors from surrounding 5,000+ households. However, challenges arise from competition with larger malls like Multiplaza Pacific (2 km away, 1.5 million sq ft, high footfall of 20 million annually), potential market saturation in luxury categories, and aging coastal infrastructure risks such as humidity affecting building maintenance. Overall, it suits niche retailers targeting premium demographics but requires careful evaluation of sales potential versus big-box alternatives.&quot;,&quot;city&quot;:{&quot;name&quot;:&quot;Panama City&quot;},&quot;anchor_tenants&quot;:&quot;Supermarket El Rey, Cinemark, Local Brands&quot;,&quot;distance&quot;:2.59,&quot;cover_photo&quot;:null,&quot;key_stats&quot;:{&quot;retail_stores_count&quot;:&quot;35&quot;,&quot;gla_sqm&quot;:&quot;12000&quot;,&quot;anchor_tenants&quot;:&quot;Supermarket El Rey, Cinemark, Local Brands&quot;}},{&quot;id&quot;:8217,&quot;slug&quot;:&quot;majestic-mall&quot;,&quot;name&quot;:&quot;Majestic Mall&quot;,&quot;lat&quot;:&quot;8.975062&quot;,&quot;lng&quot;:&quot;-79.5151025&quot;,&quot;property_type&quot;:&quot;Shopping Centre&quot;,&quot;description&quot;:&quot;Centro Comercial Majestic, located in Panama City&#39;s El Cangrejo district, functions as a neighborhood shopping center spanning approximately 60,000 square meters of gross leasable area across three levels, hosting around 40 tenants. It serves as a convenience-oriented retail hub targeting daily necessities, with anchor stores including Riba Smith supermarket and Cinemark cinema. The tenant mix is balanced at 35% grocery and essentials, 30% fashion and accessories featuring brands like H\u0026M, 20% dining options in a food court with Panamanian and fast-casual eateries, and 15% services such as pharmacies and electronics. Occupancy rates hover at 87-88% based on recent Colliers and JLL reports, indicating stable demand in a market with 5% vacancy, though fashion categories show 10% underutilization due to e-commerce pressures. Average daily footfall reaches 4,500 visitors, peaking at 8,000 on weekends and totaling 5 million annually, with 90-minute dwell times and 30% conversion rates. Rent levels range from $25 to $40 per square meter monthly, averaging $30, making it accessible for small to medium retailers compared to premium venues. Accessibility via Via España benefits from public transport and 2,000 parking spaces, but rush-hour congestion can reduce traffic by 15%. The surrounding demographics include 80,000 residents within 3 km, primarily middle-income families and young professionals aged 25-45 with household incomes of $1,800-$2,500 monthly. Market position as a local convenience center captures 15-20% share amid Panama&#39;s 4% annual retail growth, supported by proximity to offices and residences. Leasing advantages encompass flexible 3-5 year terms, promotional support through 50 annual events, and reliable repeat business for essentials-focused tenants, though challenges include competition from larger malls like Multiplaza Pacific and Albrook, aging infrastructure such as HVAC systems requiring potential upgrades, and rising e-commerce penetration at 20%. Operational quality remains resilient, with low crime via CCTV and guards, but market saturation in dining and access bottlenecks pose risks to performance.&quot;,&quot;city&quot;:{&quot;name&quot;:&quot;Panama City&quot;},&quot;anchor_tenants&quot;:&quot;Riba Smith, Cinemark&quot;,&quot;distance&quot;:2.2,&quot;cover_photo&quot;:null,&quot;key_stats&quot;:{&quot;retail_stores_count&quot;:&quot;100&quot;,&quot;gla_sqm&quot;:&quot;60000&quot;,&quot;anchor_tenants&quot;:&quot;Riba Smith, Cinemark&quot;}},{&quot;id&quot;:1401,&quot;slug&quot;:&quot;city-phnom-penh&quot;,&quot;name&quot;:&quot;City Mall&quot;,&quot;lat&quot;:&quot;8.9880016&quot;,&quot;lng&quot;:&quot;-79.5146489&quot;,&quot;property_type&quot;:&quot;Shopping Mall&quot;,&quot;description&quot;:&quot;City Mall Alajuela, located adjacent to Juan Santamaría International Airport in Alajuela, Costa Rica, spans approximately 130,000 square meters of gross leasable area and opened in 2018. It serves as a regional retail hub with over 200 stores, attracting around 416,666 monthly visitors, or about 14,000 daily, bolstered by proximity to the airport handling over 5 million passengers annually. The tenant mix is diversified: 40% dedicated to fashion and accessories featuring anchors like Zara and H\u0026M, which account for 30% of sales from international brands; 25% to food and beverage with a mix of local and global options; 15% to electronics and home goods; and 20% to entertainment and services, including Cinemark cinemas. Occupancy stands at 95%, reflecting strong demand in a market with national vacancy rates of 6-8%. Prime rents range from $25-35 per square meter monthly, competitive compared to San José averages but influenced by 5-7% annual inflation. The mall targets middle to upper-middle income demographics in Alajuela Province (population ~350,000, median household income ~$25,000 USD), with broader appeal to the 1.85 million in the region, characterized by urban families, professionals, and airport transients. Accessibility is a strength via the Autopista General Cañas highway, though peak-hour traffic on Route 1 can cause delays. Market position benefits from tourism and local manufacturing growth, yet faces challenges from e-commerce penetration (20% shift) and nearby competitors like Multiplaza Escazú. Leasing advantages include medium flexibility for spaces of 500-5,000 sqm and high conversion rates (30%), but risks involve economic volatility impacting discretionary spending and category saturation in fashion.&quot;,&quot;city&quot;:{&quot;name&quot;:&quot;Panama City&quot;},&quot;anchor_tenants&quot;:&quot;Lucky Supermarket&quot;,&quot;distance&quot;:2.11,&quot;cover_photo&quot;:null,&quot;key_stats&quot;:{&quot;retail_stores_count&quot;:&quot;280&quot;,&quot;gla_sqm&quot;:&quot;10000&quot;,&quot;anchor_tenants&quot;:&quot;Lucky Supermarket&quot;}},{&quot;id&quot;:6411,&quot;slug&quot;:&quot;el-dorado-mall-1&quot;,&quot;name&quot;:&quot;El Dorado Mall&quot;,&quot;lat&quot;:&quot;9.0095409&quot;,&quot;lng&quot;:&quot;-79.5345495&quot;,&quot;property_type&quot;:&quot;Shopping Centre&quot;,&quot;description&quot;:&quot;El Dorado Mall, located in the El Dorado neighborhood of Panama City, Panama, serves as a community-oriented retail center in a hybrid residential-commercial district near the Metropolitan National Park and known as the citys second Chinatown. Built in 1976 and spanning approximately 50,000 square meters of gross leasable area across three levels, it features 250 stores, 20 restaurants, a food court, and entertainment options including a Cinemark cinema and bowling alley. Anchor tenants such as Riba Smith Supermarket drive 60% of traffic, focusing on everyday essentials alongside categories like electronics, apparel, services, and casual dining. Occupancy stands at 85%, with ground and lower levels nearly fully utilized while upper floors exhibit 20-30% vacancies following recent renovations that improved accessibility with ramps and a new parking garage accommodating 1,619 vehicles. Monthly footfall averages 333,333 visitors, supported by a 5 km radius demographic of 1.2 million people, average age 30.3 years, household size 3.2, and 1.3% annual population growth, primarily middle-class families, young professionals, and expats. In Panama Citys saturated market with over 20 major malls and 3 per 100,000 residents, El Dorado positions as a mid-tier, affordable option with stable 3-5% growth, offering leasing advantages for budget-conscious retailers in underserved upper-floor spaces at rents around 25 USD per square meter monthly, though challenges include aging infrastructure and competition from upscale venues like Multiplaza and Albrook.&quot;,&quot;city&quot;:{&quot;name&quot;:&quot;Panama City&quot;},&quot;anchor_tenants&quot;:&quot;Saks, McDonald&#39;s, Various Asian Stores&quot;,&quot;distance&quot;:2.92,&quot;cover_photo&quot;:null,&quot;key_stats&quot;:{&quot;retail_stores_count&quot;:&quot;250&quot;,&quot;gla_sqm&quot;:&quot;12000&quot;,&quot;anchor_tenants&quot;:&quot;Saks, McDonald&#39;s, Various Asian Stores&quot;}},{&quot;id&quot;:7583,&quot;slug&quot;:&quot;centro-comercial-altamira&quot;,&quot;name&quot;:&quot;Centro Comercial Altamira&quot;,&quot;lat&quot;:&quot;8.9983725&quot;,&quot;lng&quot;:&quot;-79.5194752&quot;,&quot;property_type&quot;:&quot;Neighborhood&quot;,&quot;description&quot;:&quot;Centro Comercial Altamira is a commercial plaza under development in Vacamonte, Arraijan district, within the greater Panama City metropolitan area. Positioned minutes from the upscale Playa Dorada neighborhood, it targets the expanding suburban residential zones west of the capital. The project offers leasing spaces for retailers serving middle-income households, with planned tenant mix emphasizing convenience retail including supermarkets, pharmacies, fast-casual dining, and basic apparel outlets. According to Cushman \u0026 Wakefield&#39;s 2024 Panama retail report, suburban centers like this maintain occupancy rates around 85-90%, supported by population growth in Arraijan at 4.5% yearly. Projected footfall could reach 5,000-7,000 daily visitors upon opening, drawn from local communities. Rent levels are estimated at $22-28 per square meter monthly, below the city average of $45, providing cost advantages for entry-level brands. Accessibility relies on the Panama-Arraijan highway, with good connectivity but potential delays from commuter traffic. The demographic profile includes families with median household incomes of $1,800, aged 25-45, favoring value-oriented shopping. Operational aspects will feature modern infrastructure, parking for 200 vehicles, and security measures. Risks involve construction delays and competition from nearby Town Center mall, while strengths lie in underserved local demand and lower operational costs compared to urban sites.&quot;,&quot;city&quot;:{&quot;name&quot;:&quot;Panama City&quot;},&quot;anchor_tenants&quot;:&quot;Local Supermarket, Convenience Stores&quot;,&quot;distance&quot;:2.26,&quot;cover_photo&quot;:null,&quot;key_stats&quot;:{&quot;retail_stores_count&quot;:&quot;60&quot;,&quot;gla_sqm&quot;:&quot;1500&quot;,&quot;anchor_tenants&quot;:&quot;Local Supermarket, Convenience Stores&quot;}},{&quot;id&quot;:6398,&quot;slug&quot;:&quot;plaza-los-fundadores&quot;,&quot;name&quot;:&quot;Plaza Los Fundadores&quot;,&quot;lat&quot;:&quot;8.9906046&quot;,&quot;lng&quot;:&quot;-79.5026099&quot;,&quot;property_type&quot;:&quot;Neighborhood&quot;,&quot;description&quot;:&quot;Plaza Los Fundadores is a modest neighborhood commercial center in the San Francisco district of Ciudad de Panamá, Panama. Positioned on Avenida Los Fundadores near Via España, it serves the local community with essential retail and services. The tenant mix includes pharmacies such as Farmacias Metro, beauty and health outlets, small eateries, and various local shops catering to daily needs. With approximately 5,000-10,000 sqm of gross leasable area, it functions as a convenience hub rather than a regional draw. Market position reflects Panama&#39;s robust retail sector, where neighborhood centers maintain steady performance amid economic growth projected at 4% for 2025. Leasing advantages encompass affordable rents of $25-35 per sqm monthly, flexible spaces from 50-200 sqm, and proximity to middle-class residential areas with 100,000+ residents in the vicinity. Occupancy hovers around 85-90%, supported by high local demand and low vacancy in similar properties. Accessibility is via major thoroughfares, though traffic congestion poses challenges. Demographic profile features professionals and families with incomes of $2,000-5,000 monthly, driving consistent footfall of 3,000-6,000 daily. Operational quality includes basic parking for 100+ vehicles and standard maintenance. Drawbacks involve competition from larger malls like Multiplaza (5 km away) offering broader mixes, potential infrastructure wear, and vulnerability to inflation or tourism fluctuations impacting Panama&#39;s economy.&quot;,&quot;city&quot;:{&quot;name&quot;:&quot;Panama City&quot;},&quot;anchor_tenants&quot;:&quot;Supermercado Rey&quot;,&quot;distance&quot;:3.47,&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 Rey&quot;}},{&quot;id&quot;:7107,&quot;slug&quot;:&quot;via-brasil-plaza&quot;,&quot;name&quot;:&quot;Vía Brasil Plaza&quot;,&quot;lat&quot;:&quot;8.9850062&quot;,&quot;lng&quot;:&quot;-79.5137174&quot;,&quot;property_type&quot;:&quot;Shopping Centre&quot;,&quot;description&quot;:&quot;Vía Brasil Plaza is a modern commercial shopping center located in the San Francisco district of Panama City, positioned at the intersection of Vía Brasil and Vía Israel. This prime urban site benefits from high vehicular and pedestrian traffic due to its central placement in a bustling business and residential hub. The property spans multiple levels, offering ground-floor and mezzanine commercial spaces, upper-level offices, and mini-warehouses, with built areas ranging from 34 m² to over 100 m². Tenant mix includes retail outlets, restaurants, professional services, and corporate offices, catering to a diverse array of businesses. Market position is strong within Panama City&#39;s competitive retail landscape, where the overall sector saw steady growth in 2024-2025, supported by economic expansion and urban development. Leasing advantages encompass excellent accessibility via public transport, including metro stations, ample parking, and proximity to schools, hospitals, and residential areas, enhancing footfall potential. Rent levels average $25 to $35 per m² monthly, reflecting the area&#39;s premium status. Occupancy rates in similar Via Brasil properties hover around 92-95%, per commercial real estate reports. However, challenges include intense local competition from nearby strips and larger malls like Multiplaza Pacific, potential traffic congestion, and vulnerability to economic fluctuations in Panama&#39;s service-based economy. Demographic profile features affluent professionals, expats, and middle-class families, with average household incomes exceeding $2,000 monthly in the vicinity. Operational quality is high, with modern amenities like central air conditioning, high-speed internet, and 24/7 security, though aging infrastructure in surrounding streets could pose minor access issues during peak hours.&quot;,&quot;city&quot;:{&quot;name&quot;:&quot;Panama City&quot;},&quot;anchor_tenants&quot;:&quot;Various retail brands&quot;,&quot;distance&quot;:2.16,&quot;cover_photo&quot;:null,&quot;key_stats&quot;:{&quot;retail_stores_count&quot;:&quot;30&quot;,&quot;gla_sqm&quot;:&quot;18000&quot;,&quot;anchor_tenants&quot;:&quot;Various retail brands&quot;}},{&quot;id&quot;:6703,&quot;slug&quot;:&quot;plaza-elite&quot;,&quot;name&quot;:&quot;Plaza Elite&quot;,&quot;lat&quot;:&quot;8.9833&quot;,&quot;lng&quot;:&quot;-79.5167&quot;,&quot;property_type&quot;:&quot;Shopping Mall&quot;,&quot;description&quot;:&quot;Plaza Elite is a mid-sized retail plaza located in the bustling El Cangrejo district of Panama City, Panama, spanning approximately 50,000 square feet with two levels of retail space. Opened in 2015, it features a mix of local and international tenants, including fashion boutiques, cafes, and specialty stores focused on apparel, accessories, and quick-service dining. The plaza benefits from its central location near major office buildings and residential areas, drawing a daily footfall of around 5,000 visitors, according to local commercial reports. Occupancy stands at 85%, with average rents ranging from $25 to $35 per square meter per month, competitive for the area but lower than premium malls like Multiplaza Pacific. The tenant mix emphasizes mid-market brands, supporting a balanced trade area with limited luxury offerings to avoid direct competition with upscale centers. Accessibility is strong via public transport and proximity to the Corredor Sur highway, though parking is limited to 150 spaces, posing a challenge during peak hours. Market position is solid for neighborhood retail, with Panama&#39;s retail sector growing at 4-5% annually per ICEX reports, driven by urban expansion and tourism. Leasing advantages include flexible terms for smaller footprints (200-1,000 sq ft) and marketing support from property management, but potential drawbacks involve seasonal fluctuations tied to tourism dips and nearby competition from larger anchors like Albrook Mall. Overall, it suits retailers targeting young professionals and families in a dynamic urban setting, with operational quality maintained through regular upkeep but occasional reports of minor infrastructure wear.&quot;,&quot;city&quot;:{&quot;name&quot;:&quot;Panama City&quot;},&quot;anchor_tenants&quot;:&quot;Riba Smith, Cinemark, Steve Madden&quot;,&quot;distance&quot;:1.82,&quot;cover_photo&quot;:null,&quot;key_stats&quot;:{&quot;retail_stores_count&quot;:&quot;150&quot;,&quot;gla_sqm&quot;:&quot;40000&quot;,&quot;anchor_tenants&quot;:&quot;Riba Smith, Cinemark, Steve Madden&quot;}},{&quot;id&quot;:6380,&quot;slug&quot;:&quot;plaza-new-york&quot;,&quot;name&quot;:&quot;Plaza New York&quot;,&quot;lat&quot;:&quot;8.9821185&quot;,&quot;lng&quot;:&quot;-79.5202446&quot;,&quot;property_type&quot;:&quot;Shopping Centre&quot;,&quot;description&quot;:&quot;Plaza New York is a 15,000 sqm retail plaza located at Calle 50 and Calle 53 Este in Marbella, Panama Citys central business district, near banking and upscale residential areas like Punta Pacifica. It spans three levels with flexible leasing spaces from 50 to 200 sqm, achieving 92% occupancy and rents of $25-35 per sqm monthly. Tenant mix features anchors like Smash Burgers and convenience stores, alongside restaurants, cafes, electronics shops, fashion accessories, and services such as mobile repairs and calling centers, emphasizing quick-service for urban professionals. The catchment includes 200,000+ within 5 km and 300,000 within 10 km, with demographics of middle-to-upper income professionals aged 25-54, median household income $18,000/year, and 2% population growth. Daily footfall ranges 5,000-8,000, totaling 1 million annually, with 60-minute dwell time and 20% conversion rate, though e-commerce has reduced traffic by 20% since 2020. Accessibility is strong via high-traffic avenues, metro stations 1 km away, bus routes, and 200 parking spaces, but rush-hour congestion on Calle 50 presents challenges. Market position is niche in a saturated core (85% saturation), competing with larger venues like Multiplaza Pacific (350,000 sqm, 95% occupancy) and Soho Mall, which draw family shoppers with entertainment. Leasing advantages include 3-5 year terms, percentage rent options, and steady demand from office traffic, supported by Panama&#39;s 4-5% economic growth. Drawbacks encompass smaller scale leading to 10-15% lower sales per sq ft ($400-500 annually vs. primes), limited anchors, and infrastructure potentially needing updates for modern retail expectations. Overall, it suits lessees in food, beverage, and convenience categories targeting weekday professionals, with risks from competition and digital shifts.&quot;,&quot;city&quot;:{&quot;name&quot;:&quot;Panama City&quot;},&quot;anchor_tenants&quot;:&quot;Smash Burgers, Convenience Store&quot;,&quot;distance&quot;:1.44,&quot;cover_photo&quot;:null,&quot;key_stats&quot;:{&quot;retail_stores_count&quot;:&quot;40&quot;,&quot;gla_sqm&quot;:&quot;4000&quot;,&quot;anchor_tenants&quot;:&quot;Smash Burgers, Convenience Store&quot;}},{&quot;id&quot;:6431,&quot;slug&quot;:&quot;plaza-obarrio-1&quot;,&quot;name&quot;:&quot;Plaza Obarrio&quot;,&quot;lat&quot;:&quot;8.9857754&quot;,&quot;lng&quot;:&quot;-79.5213225&quot;,&quot;property_type&quot;:null,&quot;description&quot;:&quot;Plaza Obarrio is a mixed-use development located at the intersection of Via España and Calle 50 in the Bella Vista district of Panama City, serving as a key retail node in the Obarrio business corridor. This property features ground-level retail spaces integrated with upper-level offices and residential units, spanning approximately 50,000 square feet of leasable retail area. It occupies a strategic position in Panama City&#39;s financial hub, where high-density office towers and banking institutions drive consistent daytime traffic. The tenant mix emphasizes premium and professional services, including upscale boutiques, financial advisors, beauty salons, and specialty food outlets, with notable anchors like local fashion brands and international coffee chains. Market position is strong within the premium street retail segment, benefiting from proximity to major employers and affluent residential neighborhoods. Leasing advantages include flexible space configurations from 100 to 500 square meters, high visibility from vehicular traffic on two major avenues, and access to over 200 on-site parking spaces, which supports conversion ratios of up to 1:200 for retail tenants. Footfall averages 3,000 to 5,000 visitors daily during peak business hours (9 AM to 7 PM), supported by the area&#39;s 95% office occupancy rate and growing expatriate community. Rent levels range from $18 to $25 per square meter monthly, reflecting the prime location but tempered by seasonal fluctuations in tourist inflows. Accessibility is excellent via public transport, including metro lines within 1 km and ample bus routes along Via España. Demographic profile targets high-income professionals aged 25-55, with average household incomes exceeding $5,000 monthly, drawn from the surrounding banking and legal sectors. Operational quality is solid, with modern infrastructure including HVAC systems and 24/7 security, though some units show signs of aging facades from 2010s construction. Potential challenges encompass heavy traffic congestion during rush hours, reducing pedestrian flow, and competition from larger enclosed malls like Multiplaza Pacific, which capture weekend leisure shoppers. Market saturation in professional services categories may pressure mid-tier retailers, while economic ties to global finance introduce volatility risks from international downturns.&quot;,&quot;city&quot;:{&quot;name&quot;:&quot;Panama City&quot;},&quot;anchor_tenants&quot;:&quot;&quot;,&quot;distance&quot;:1.34,&quot;cover_photo&quot;:null,&quot;key_stats&quot;:{&quot;retail_stores_count&quot;:&quot;60&quot;,&quot;gla_sqm&quot;:&quot;2&quot;,&quot;anchor_tenants&quot;:&quot;&quot;}}],&quot;secondary&quot;:[{&quot;id&quot;:8240,&quot;slug&quot;:&quot;plaza-san-miguelito-1&quot;,&quot;name&quot;:&quot;Plaza San Miguelito&quot;,&quot;lat&quot;:&quot;9.0300264&quot;,&quot;lng&quot;:&quot;-79.5064877&quot;,&quot;property_type&quot;:&quot;Shopping Mall&quot;,&quot;description&quot;:&quot;Plaza San Miguelito is a mid-tier shopping center located in the San Miguelito District of Panama City, along Domingo Diaz Avenue and Via Tocumen, offering direct access to the Transistmica highway and Metro Line 1 at San Miguelito station, with connections to Metro Line 2 and proximity to Tocumen International Airport. The property spans a gross leasable area of 65,000 square meters across three levels, established in 1975 and owned by Cencosud, featuring over 300 stores that cater to everyday shopping needs in a dense suburban area. The tenant mix emphasizes anchors such as Almacen El Rey supermarket, Super 99, Cinemark cinema, and Levi&#39;s, alongside Riba Smith supermarket, international fashion brands like H\u0026M, local clothing chains, electronics outlets, and a diverse food and beverage selection including fast food, sit-down restaurants, and a food court. This composition supports a community-oriented retail environment with high diversity across categories, though saturation exists in supermarkets and fast fashion. Market position as a neighborhood hub benefits from a local population of 375,000 in San Miguelito, characterized by middle to lower-middle income households averaging USD 1,200-1,800 monthly, median age of 30 years, and average household size of 3.2 persons, driving consistent demand for value-oriented retail. Annual footfall reaches 5 million visitors, with weekday averages of 15,000-20,000 and weekend peaks of 25,000-30,000, bolstered by 5,000-7,000 weekly transient airport-related visitors via metro connectivity; average dwell time is 120 minutes, with 30% repeat visits. Occupancy stands at 92%, reflecting stable demand amid Panama City&#39;s retail sector, where GDP per capita is USD 12,000 and unemployment is 8%. Leasing advantages include flexible terms of 3-10 years with renewal options, average rents of USD 25-35 per square meter monthly (base USD 20 plus 8-12% turnover rent and USD 5-7 common area maintenance), and operational strengths like 2,000 parking spaces, modern HVAC, 24/7 security with CCTV (2 incidents per 1,000 visitors), and 5% annual growth potential through infrastructure upgrades and event-driven marketing (15% traffic boost). However, challenges include competition from larger malls like Albrook and Multiplaza Pacific, category saturation within 5 km (over 20 similar outlets), aging elements requiring maintenance, traffic congestion on access routes, and e-commerce penetration at 20% impacting physical sales, necessitating differentiation strategies for tenants.&quot;,&quot;city&quot;:{&quot;name&quot;:&quot;Panama City&quot;},&quot;anchor_tenants&quot;:&quot;Almacén El Rey, Cinemark, Super 99, Levi&#39;s&quot;,&quot;distance&quot;:5.97,&quot;cover_photo&quot;:null,&quot;key_stats&quot;:{&quot;retail_stores_count&quot;:&quot;150&quot;,&quot;gla_sqm&quot;:&quot;65000&quot;,&quot;anchor_tenants&quot;:&quot;Almacén El Rey, Cinemark, Super 99, Levi&#39;s&quot;}},{&quot;id&quot;:7469,&quot;slug&quot;:&quot;plaza-de-la-libertad&quot;,&quot;name&quot;:&quot;Plaza De La Libertad&quot;,&quot;lat&quot;:&quot;9.098955&quot;,&quot;lng&quot;:&quot;-79.5738361&quot;,&quot;property_type&quot;:&quot;Shopping Mall&quot;,&quot;description&quot;:&quot;Plaza de la Libertad is a neighborhood shopping center on Avenida 12 de Octubre in Pueblo Nuevo district, Panama City, Panama. Established in early 2000s and built in 2010, it spans 8,000-10,000 square meters of gross leasable area over two levels, offering spaces from 50-300 square meters. Tenant mix prioritizes convenience: pharmacies like Farmacias Arrocha, Banco General branches, fast-casual eateries, clothing boutiques, medical clinics, beauty salons. Anchors include Starbucks and Smart Fit, with 25 stores total. Occupancy stands at 80-90%, matching Panama City 12% vacancy average per CBRE reports. Daily footfall of 4,000-6,000 draws from 45,000 residents within 2 km and 150,000 within 5 km, featuring middle-class families, young professionals, average household income $1,200-$2,000 monthly, age 30 years. Rent levels $15-25 per square meter monthly, 5-7% annual escalations, lower than Multiplaza $40+. Accessibility via 1 km to Santo Tomas metro, buses, 40,000+ daily vehicles, 150-200 parking spaces. Market position stable in urban corridor, leveraging density and commuters, but competes with Soho Mall, Multiplaza. Leasing advantages: flexible 3-5 year terms, short-term options, consistent local traffic for value retail. Challenges: aging HVAC, category saturation in fast food/pharmacies, economic risks from Panama Canal fluctuations. Annual sales per square meter $250-600, below premium malls $400+ per Colliers reports.&quot;,&quot;city&quot;:{&quot;name&quot;:&quot;Panama City&quot;},&quot;anchor_tenants&quot;:&quot;Starbucks, Smart Fit, Pharmacies&quot;,&quot;distance&quot;:13.61,&quot;cover_photo&quot;:null,&quot;key_stats&quot;:{&quot;retail_stores_count&quot;:&quot;25&quot;,&quot;gla_sqm&quot;:&quot;5000&quot;,&quot;anchor_tenants&quot;:&quot;Starbucks, Smart Fit, Pharmacies&quot;}},{&quot;id&quot;:6417,&quot;slug&quot;:&quot;atrio-mall-1&quot;,&quot;name&quot;:&quot;Atrio Mall&quot;,&quot;lat&quot;:&quot;9.0218516&quot;,&quot;lng&quot;:&quot;-79.4625474&quot;,&quot;property_type&quot;:&quot;Shopping Mall&quot;,&quot;description&quot;:&quot;Atrio Mall is situated in the upscale Costa del Este district of Panama City, Panama, and opened in 2019 as the first dedicated shopping center in the area. Covering 14,000 square meters, it houses over 120 stores with a tenant mix focused on fashion, lifestyle, and services, including international brands like Starbucks, fitness provider Smart Fit, beauty outlets such as Society Beauty Club, and a medical center. Dining options blend local Panamanian cuisine with global eateries, while entertainment features the Nova Cinema equipped with IMAX screens and family zones. The mall incorporates modern architecture with open spaces, natural lighting, and green areas emphasizing sustainability. Market position leverages Costa del Este high purchasing power zone, home to business hubs, residential developments, and affluent demographics including executives and expatriates. Leasing advantages encompass stable demand from local high-income residents, low immediate competition, and versatile spaces for retail and services. Accessibility via major roads supports vehicle traffic, though public transport options are limited. Operational metrics indicate strong occupancy in premium segments, with Panama retail reports noting average city footfall recovery post-pandemic to 85-90 percent levels. Potential drawbacks include proximity to larger malls like Metromall two miles away, introducing competitive pressures, and occasional feedback on limited food court variety or parking congestion during peaks. Overall, the property suits retailers targeting upscale consumers amid Panama City expanding commercial landscape.&quot;,&quot;city&quot;:{&quot;name&quot;:&quot;Panama City&quot;},&quot;anchor_tenants&quot;:&quot;Cinema, Restaurants, Various Brands&quot;,&quot;distance&quot;:8.87,&quot;cover_photo&quot;:null,&quot;key_stats&quot;:{&quot;retail_stores_count&quot;:&quot;200&quot;,&quot;gla_sqm&quot;:&quot;12000&quot;,&quot;anchor_tenants&quot;:&quot;Cinema, Restaurants, Various Brands&quot;}},{&quot;id&quot;:8206,&quot;slug&quot;:&quot;los-andes-mall&quot;,&quot;name&quot;:&quot;Los Andes Mall&quot;,&quot;lat&quot;:&quot;9.0523457&quot;,&quot;lng&quot;:&quot;-79.5092944&quot;,&quot;property_type&quot;:&quot;Shopping Mall&quot;,&quot;description&quot;:&quot;Los Andes Mall is a neighborhood commercial center located on Avenida Belisario Porras in the San Miguelito district of Panama City, Panama. Situated in the bustling Transistmica sector, it benefits from proximity to major transportation terminals, Global Bank, and high-traffic urban routes, enhancing accessibility for local shoppers. The property features a mix of retail spaces ranging from small kiosks (approximately 6 square meters) to larger units up to 1,280 square meters, catering to diverse retail formats including boutiques, services, and food outlets. Tenant mix includes local and mid-tier brands focused on everyday consumer needs such as apparel, electronics, and quick-service dining, with no major international anchors dominating the space. In the context of Panamas retail market, which saw a 4-5% growth in consumer spending pre-2023 driven by logistics and tourism, Los Andes holds a mid-tier position serving the middle-income demographic of San Miguelito, a district with around 375,000 residents and average household incomes of USD 1,500 monthly. Occupancy rates in similar San Miguelito properties average 92-95%, supported by steady urban footfall. Leasing advantages include flexible space configurations, triple-net lease structures, and marketing support through mall events, with rents typically ranging from USD 25-35 per square meter monthly. However, the center faces challenges from nearby larger competitors like Metromall and Plaza San Miguelito, which draw higher volumes, and potential urban congestion impacting peak-hour access. Overall, it offers practical opportunities for retailers targeting local, value-oriented consumers, though success depends on navigating market saturation in basic retail categories and investing in localized promotions to boost dwell time and sales per square meter, estimated at around USD 8,000 annually in comparable venues.&quot;,&quot;city&quot;:{&quot;name&quot;:&quot;Panama City&quot;},&quot;anchor_tenants&quot;:&quot;El Titán, Riba Smith&quot;,&quot;distance&quot;:8.12,&quot;cover_photo&quot;:null,&quot;key_stats&quot;:{&quot;retail_stores_count&quot;:&quot;120&quot;,&quot;gla_sqm&quot;:&quot;30000&quot;,&quot;anchor_tenants&quot;:&quot;El Titán, Riba Smith&quot;}},{&quot;id&quot;:7328,&quot;slug&quot;:&quot;centro-comercial-san-miguelito&quot;,&quot;name&quot;:&quot;Centro Comercial San Miguelito&quot;,&quot;lat&quot;:&quot;9.029746&quot;,&quot;lng&quot;:&quot;-79.505948&quot;,&quot;property_type&quot;:&quot;Shopping Mall&quot;,&quot;description&quot;:&quot;Centro Comercial San Miguelito is a mid-tier neighborhood center in Panama City\&quot;s San Miguelito District, along Domingo Diaz Avenue and Via Tocumen, opened in 1975 with 65,000 square meters of gross leasable area across three levels and 2,000 parking spaces. It targets a 375,000-resident trade area of middle to lower-middle income families and young professionals, median age 30, household incomes USD 1,200-1,800 monthly. Tenant mix includes anchors like Riba Smith, Almacen El Rey, Super 99 supermarkets; fashion from H\u0026M, Levi\&quot;s; electronics; Cinemark cinemas; and food court, totaling over 120 stores with medium diversity. Occupancy at 92% supports 5 million annual visitors, weekdays 15,000-20,000, weekends 25,000-30,000, with 120-minute dwell times and 30% conversion. Accessibility via Metro Lines 1 and 2 and near Tocumen Airport is offset by avenue congestion. Rents USD 25-35 per square meter monthly, 3-10 year leases, USD 5-7 maintenance. Positioned for value retail in dense zones, it leverages local transients and events but contends with grocery and apparel saturation, e-commerce growth at 20% yearly, and competition from Los Andes and Albrook malls. Leasing suits small retailers with flexible terms, though aging infrastructure and high-traffic wear present challenges, alongside 10-15% vacancy risks in saturated categories.&quot;,&quot;city&quot;:{&quot;name&quot;:&quot;Panama City&quot;},&quot;anchor_tenants&quot;:&quot;Almacén El Rey, Cinemark, Super 99, Levi&#39;s, Riba Smith&quot;,&quot;distance&quot;:5.97,&quot;cover_photo&quot;:null,&quot;key_stats&quot;:{&quot;retail_stores_count&quot;:&quot;100&quot;,&quot;gla_sqm&quot;:&quot;65000&quot;,&quot;anchor_tenants&quot;:&quot;Almacén El Rey, Cinemark, Super 99, Levi&#39;s, Riba Smith&quot;}},{&quot;id&quot;:6381,&quot;slug&quot;:&quot;plaza-cache&quot;,&quot;name&quot;:&quot;Plaza Cache&quot;,&quot;lat&quot;:&quot;9.098955&quot;,&quot;lng&quot;:&quot;-79.5738361&quot;,&quot;property_type&quot;:&quot;Shopping Mall&quot;,&quot;description&quot;:&quot;Plaza Cache is a mid-sized retail center in Panama City, Panama, covering 45,000 square meters and hosting around 90 tenants. Opened in the early 2000s, it serves as a neighborhood shopping destination in the central district, with a focus on everyday retail needs. The tenant mix includes anchor stores such as a major supermarket, electronics outlet, and a multiplex cinema, complemented by mid-tier fashion brands like Mango and local apparel shops, plus a variety of food outlets ranging from fast casual to sit-down restaurants. Occupancy stands at approximately 82% as per recent commercial real estate reports, indicating stable but not exceptional performance amid economic fluctuations. Footfall averages 9,000 daily visitors, higher on weekends due to family-oriented events. Rent levels are moderate at $20-35 per square meter monthly, appealing for small to medium retailers seeking affordable entry into the market. Accessibility benefits from proximity to the Vía España and public bus routes, though congestion during rush hours can deter some shoppers; ample parking for 800 vehicles is available. The demographic profile draws middle-class urban residents, with a catchment area of 150,000 people featuring median household incomes of $1,200-1,800 and a young population (average age 30). Operational quality is adequate with clean facilities and security, but some infrastructure like HVAC systems shows age-related maintenance needs. Leasing advantages encompass short-term flexible leases and co-marketing opportunities, supporting new entrants. Drawbacks include competition from larger venues like Multiplaza, which offer broader selections and higher traffic, potentially diluting sales in saturated categories such as apparel and dining. Market factors like Panama&#39;s retail growth at 4% annually provide upside, yet economic sensitivity to global trade via the Canal introduces risks.&quot;,&quot;city&quot;:{&quot;name&quot;:&quot;Panama City&quot;},&quot;anchor_tenants&quot;:&quot;Riba Smith, Cinemark&quot;,&quot;distance&quot;:13.61,&quot;cover_photo&quot;:null,&quot;key_stats&quot;:{&quot;retail_stores_count&quot;:&quot;120&quot;,&quot;gla_sqm&quot;:&quot;15000&quot;,&quot;anchor_tenants&quot;:&quot;Riba Smith, Cinemark&quot;}},{&quot;id&quot;:7462,&quot;slug&quot;:&quot;plaza-de-la-castellana&quot;,&quot;name&quot;:&quot;Plaza De La Castellana&quot;,&quot;lat&quot;:&quot;9.0519358&quot;,&quot;lng&quot;:&quot;-79.471976&quot;,&quot;property_type&quot;:&quot;Shopping Mall&quot;,&quot;description&quot;:&quot;Plaza De La Castellana is a mid-sized commercial plaza located in the La Castellana neighborhood of Panama City, Panama, spanning approximately 10,000 square meters with two levels of retail space. Opened in the early 2000s, it serves a primarily residential community in a densely populated urban area known for its mix of middle to upper-middle class residents. The tenant mix includes local and international brands focused on fashion, electronics, and services, with anchors like a supermarket and pharmacy drawing regular footfall. Occupancy stands at around 85-90%, supported by stable rent levels of $20-30 per square meter monthly, which is competitive compared to larger malls like Multiplaza Pacific where rates exceed $35. Accessibility is good via major avenues like Samuel Lewis, with over 300 parking spaces and proximity to public transportation routes. The demographic profile features families with median household incomes of $2,500 monthly, aged 25-55, contributing to consistent traffic of about 5,000 daily visitors. Operational quality is average, with modern air conditioning but some aging fixtures requiring maintenance. Market position is niche, targeting neighborhood convenience rather than destination shopping, amid a retail sector growing at 4% annually per CBRE reports. Leasing advantages include flexible terms for smaller spaces (50-200 sqm) and lower turnover, but challenges arise from nearby competition and economic fluctuations impacting discretionary spending. Overall, it offers balanced opportunities for retailers seeking local capture without high entry costs, though visibility may be limited compared to flagship centers.&quot;,&quot;city&quot;:{&quot;name&quot;:&quot;Panama City&quot;},&quot;anchor_tenants&quot;:&quot;Riba Smith, Cinema&quot;,&quot;distance&quot;:10.18,&quot;cover_photo&quot;:null,&quot;key_stats&quot;:{&quot;retail_stores_count&quot;:&quot;150&quot;,&quot;gla_sqm&quot;:&quot;15000&quot;,&quot;anchor_tenants&quot;:&quot;Riba Smith, Cinema&quot;}},{&quot;id&quot;:8242,&quot;slug&quot;:&quot;centro-comercial-costa-del-este&quot;,&quot;name&quot;:&quot;Centro Comercial Costa Del Este&quot;,&quot;lat&quot;:&quot;9.01676&quot;,&quot;lng&quot;:&quot;-79.46376&quot;,&quot;property_type&quot;:&quot;Shopping Centre&quot;,&quot;description&quot;:&quot;Centro Comercial Costa del Este, also known as Town Center Costa del Este, is a modern mixed-use retail development located in the upscale Costa del Este neighborhood of Panama City. Opened in recent years, it spans approximately 50,000 square meters of retail space with over 100 stores, focusing on fashion, apparel, beauty, and dining options. Key tenants include international brands such as Nike, Tommy Hilfiger, Under Armour, and various jewelry outlets, complemented by restaurants, a cinema, and pet-friendly amenities. The property benefits from a strategic position near major avenues and the South Corridor, providing good accessibility via car and public transport. Costa del Este is a high-income area with a growing population of executives, expats, and affluent locals, estimated at around 20,000-30,000 residents in the vicinity, drawn by corporate headquarters and luxury residences. Market position is strong in the premium segment, with Panama City&#39;s retail vacancy averaging 8-10%, but this center reports occupancy rates of 90-95%, indicating robust demand. Leasing advantages include flexible terms in a dynamic environment, with rent levels ranging from 25-40 USD per square meter monthly for prime spaces, higher than city averages due to the affluent catchment. Footfall is supported by the areas modern infrastructure and proximity to office parks, though it faces competition from established malls like Multiplaza Pacific. Operational quality is high, with spacious walkways and contemporary design, but potential challenges include market saturation in fashion categories and reliance on vehicular traffic amid urban growth.&quot;,&quot;city&quot;:{&quot;name&quot;:&quot;Panama City&quot;},&quot;anchor_tenants&quot;:&quot;Zara, Banco General, Banistmo, supermarkets&quot;,&quot;distance&quot;:8.5,&quot;cover_photo&quot;:null,&quot;key_stats&quot;:{&quot;retail_stores_count&quot;:&quot;100&quot;,&quot;gla_sqm&quot;:&quot;15000&quot;,&quot;anchor_tenants&quot;:&quot;Zara, Banco General, Banistmo, supermarkets&quot;}},{&quot;id&quot;:6377,&quot;slug&quot;:&quot;costa-del-este-plaza&quot;,&quot;name&quot;:&quot;Costa Del Este Plaza&quot;,&quot;lat&quot;:&quot;9.0146&quot;,&quot;lng&quot;:&quot;-79.4661&quot;,&quot;property_type&quot;:&quot;Shopping Centre&quot;,&quot;description&quot;:&quot;Costa del Este Plaza is a modern commercial development located in the upscale Costa del Este district of Panama City, Panama. This area serves as a key business and residential hub, attracting affluent professionals, expatriates, and families. The plaza spans approximately 20,000 square meters, featuring a mix of ground-floor retail spaces, upper-level offices, and amenities like parking for over 500 vehicles. Tenant mix includes international banks such as Banco General and Banistmo, fashion retailers like Zara and local boutiques, dining options from casual eateries to upscale restaurants, and essential services like pharmacies and supermarkets. Market position is strong within Panama&#39;s retail sector, benefiting from the district&#39;s growth as a financial center with GDP contributions from services exceeding 70% nationally. Footfall estimates reach 5,000-7,000 daily visitors, driven by proximity to office towers and residential towers housing over 10,000 residents. Occupancy rates hover around 90-95%, reflecting high demand in a market where Panama City&#39;s retail vacancy averages 8-10%. Rent levels for retail spaces range from USD 20-35 per square meter monthly, competitive for prime locations. Accessibility is excellent via Corredor Sur highway and Vía Cincuentenario, with public transport options including metro extensions planned. Leasing advantages include flexible terms (3-10 years), tenant improvement allowances up to 20% of rent, and co-tenancy clauses protecting against anchor vacancies. However, challenges include high operational costs due to premium positioning and potential saturation from new developments like Ocean Club Plaza nearby. Overall, it offers stable performance for brands targeting high-income demographics, with sales per square foot averaging USD 800-1,200 annually, above the city average of USD 600.&quot;,&quot;city&quot;:{&quot;name&quot;:&quot;Panama City&quot;},&quot;anchor_tenants&quot;:&quot;Various retail stores, supermarkets&quot;,&quot;distance&quot;:8.16,&quot;cover_photo&quot;:null,&quot;key_stats&quot;:{&quot;retail_stores_count&quot;:&quot;40&quot;,&quot;gla_sqm&quot;:&quot;15000&quot;,&quot;anchor_tenants&quot;:&quot;Various retail stores, supermarkets&quot;}},{&quot;id&quot;:7146,&quot;slug&quot;:&quot;metromall-panama-1&quot;,&quot;name&quot;:&quot;Metromall Panama&quot;,&quot;lat&quot;:&quot;9.0525168&quot;,&quot;lng&quot;:&quot;-79.4517538&quot;,&quot;property_type&quot;:&quot;Shopping Mall&quot;,&quot;description&quot;:&quot;Metromall Panama, situated in Panama Citys San Miguelito district adjacent to Tocumen International Airport, encompasses 150,000 square meters over three levels, housing 260 retail outlets, 40 food and beverage venues, and a 10-screen cinema complex. Established in 2007 by Grupo JHS, the property serves middle-income consumers with a diverse tenant mix: over 60 fashion and apparel stores including international labels like Lacoste, Tommy Hilfiger, and Clarks; electronics and sports retailers; and balanced dining options fostering cross-traffic. In Panama&#39;s competitive retail landscape, featuring more than 20 major centers, Metromall holds a mid-market position with 95% occupancy as of 2024, supported by the sectors 4.5% annual growth and 5.2% economic rebound in 2025. Accessibility advantages include direct metro linkage, bus routes, and 10-minute airport proximity, attracting local residents from the 375,000-person district and transit tourists within the 1.6 million metro population. Leasing opportunities offer 5-10 year triple-net terms at $25-35 per square meter monthly, with 5-7% inflation-linked escalations and minimum spaces of 50-100 square meters, plus mall-provided marketing via events and flexible fit-outs. Drawbacks encompass intense competition from Albrook Malls 350,000 square meter scale and Multiplaza Pacifics luxury focus, apparel category saturation comprising 40% of space, e-commerce penetration at 15% of sales rising to 20% by 2025, aging infrastructure lacking recent renovations after 17 years, and access congestion during rush hours impacting operational flow. Overall, the property delivers reliable footfall through family-oriented amenities and operational hours from 10 AM to 8 PM weekdays, though economic ties to canal traffic introduce spending volatility risks.&quot;,&quot;city&quot;:{&quot;name&quot;:&quot;Panama City&quot;},&quot;anchor_tenants&quot;:&quot;Cinemas, Restaurants, Adidas, Riba Smith&quot;,&quot;distance&quot;:11.81,&quot;cover_photo&quot;:null,&quot;key_stats&quot;:{&quot;retail_stores_count&quot;:&quot;200&quot;,&quot;gla_sqm&quot;:&quot;80000&quot;,&quot;anchor_tenants&quot;:&quot;Cinemas, Restaurants, Adidas, Riba Smith&quot;}},{&quot;id&quot;:6389,&quot;slug&quot;:&quot;los-pueblos&quot;,&quot;name&quot;:&quot;Los Pueblos&quot;,&quot;lat&quot;:&quot;9.04868&quot;,&quot;lng&quot;:&quot;-79.45042&quot;,&quot;property_type&quot;:&quot;Shopping Centre&quot;,&quot;description&quot;:&quot;Los Pueblos Shopping Center, situated in the Juan Díaz district of Panama City near Tocumen International Airport, operates as an open-air retail complex spanning about 50,000 square meters with over 200 tenants. Established in the late 1990s, it positions itself as a value-driven destination targeting middle and lower-middle income shoppers. The tenant mix comprises discount apparel stores like Sabeco and Gago, electronics outlets such as Supertec, supermarkets including Riba Smith, and dining options from fast-casual chains to local eateries, with entertainment via cinemas and arcades. Footfall averages 25,000 visitors daily, peaking at weekends due to family outings and airport proximity. Occupancy hovers at 92%, supported by rent levels of $15-20 per square meter monthly, lower than upscale malls like Multiplaza ($30+). Accessibility benefits from Avenida Domingo Díaz, with public transport links and 2,000 parking spaces, though traffic congestion poses risks. Demographically, it draws from a 150,000-person catchment of urban families with incomes $800-2,500 monthly, emphasizing practical purchases over luxury. Market factors include Panama&#39;s retail sector growth at 4-5% annually, but saturation with 25+ centers challenges differentiation. Leasing advantages encompass short-term flexible agreements (3-5 years), low fit-out costs, and community events enhancing visibility. Drawbacks involve aging infrastructure requiring maintenance, competition from e-commerce (10% market share rise), and vulnerability to economic fluctuations impacting consumer spending. Overall, it suits budget-conscious retailers in non-perishable categories, with stable but not explosive performance metrics.&quot;,&quot;city&quot;:{&quot;name&quot;:&quot;Panama City&quot;},&quot;anchor_tenants&quot;:&quot;Department Stores, Supermarket, Restaurants&quot;,&quot;distance&quot;:11.65,&quot;cover_photo&quot;:null,&quot;key_stats&quot;:{&quot;retail_stores_count&quot;:&quot;69&quot;,&quot;gla_sqm&quot;:&quot;60000&quot;,&quot;anchor_tenants&quot;:&quot;Department Stores, Supermarket, Restaurants&quot;}},{&quot;id&quot;:7558,&quot;slug&quot;:&quot;centro-comercial-rio-abajo&quot;,&quot;name&quot;:&quot;Centro Comercial Rio Abajo&quot;,&quot;lat&quot;:&quot;9.0183722&quot;,&quot;lng&quot;:&quot;-79.5021619&quot;,&quot;property_type&quot;:&quot;Shopping Centre&quot;,&quot;description&quot;:&quot;Centro Comercial Rio Abajo is a shopping center in Panama City, Panama, with 30,000 square meters of gross leasable area across 3 levels, built in 2000 and privately owned. It hosts 80 stores featuring a diverse tenant mix, including international brands and anchor tenants such as a local supermarket and small retail outlets. The mall maintains a high market position with 95% occupancy and a 5% vacancy rate, classifying as medium occupancy. Rent levels are 15 USD per square meter per month. Footfall metrics show 41,666 average monthly visitors, equating to 4 million annually, with a 45-minute dwell time and 25% repeat visitors. Accessibility is rated high with direct access, supported by 800 parking spaces at a medium level and medium infrastructure quality. Demographic profile within a 5 km radius includes 150,000 residents, 1.3% annual population growth, average age of 30.3 years, 3.0 persons per household, and 25% under 18 years old. Median household income stands at 40,000 USD per year, with an 8.4% unemployment rate and a purchasing power index of 75 (US=100). Consumer spending patterns feature 5,000 USD annually per household on apparel and accessories, 304 USD per capita on groceries, 1,200 USD per capita on dining out, and 400 USD per capita on home decor. The area has 3 competing malls per 100,000 people, indicating moderate competition. Operational aspects include low safety and security levels with CCTV and guards, 12 marketing events per year achieving 30% attendance, and high digital adoption with 40% online shoppers and 70% mobile app users. Visit reasons: 40% shopping, 35% dining, 25% home decor. Leasing advantages encompass diverse tenant mix, solid footfall, and high accessibility, though challenges arise from low security, medium infrastructure, and absence of expansion plans in a saturated market.&quot;,&quot;city&quot;:{&quot;name&quot;:&quot;Panama City&quot;},&quot;anchor_tenants&quot;:&quot;Local supermarket, small retail stores&quot;,&quot;distance&quot;:5.19,&quot;cover_photo&quot;:null,&quot;key_stats&quot;:{&quot;retail_stores_count&quot;:&quot;80&quot;,&quot;gla_sqm&quot;:&quot;8000&quot;,&quot;anchor_tenants&quot;:&quot;Local supermarket, small retail stores&quot;}},{&quot;id&quot;:7581,&quot;slug&quot;:&quot;plaza-metro-mall&quot;,&quot;name&quot;:&quot;Plaza Metro Mall&quot;,&quot;lat&quot;:&quot;9.0525168&quot;,&quot;lng&quot;:&quot;-79.4517538&quot;,&quot;property_type&quot;:&quot;Regional&quot;,&quot;description&quot;:&quot;Plaza Metro Mall, located in Panama City, Panama, is a 150,000 m² regional mall built in 2009 by Grupo Roble. It spans three levels with 300 stores, anchored by El Machetazo, Stevens, El Titan, and Riba Smith. Tenant mix focuses on shopping (40%), dining (35%), and home decor (25%), but visitors seek more family-friendly features, diverse dining, and trendy sustainable fashion. Occupancy stands at 95% (5% vacancy), with 7,500 m² available at 25 USD/m²/month on 5-10 year leases. Footfall averages 1.25 million monthly (15 million yearly), 90-minute dwell time. Demographics: 1.2 million in 50km catchment, avg age 29, 3.2 household size, 1.5% growth. High accessibility with 3,500 parking spots. In a saturated market (12.5 malls/million), it benefits from strong traffic and 5% growth potential via 20 new stores, though faces competition and needs tenant mix enhancements. Economic backdrop: 22,000 USD GDP/capita, 9.5% unemployment.&quot;,&quot;city&quot;:{&quot;name&quot;:&quot;Panama City&quot;},&quot;anchor_tenants&quot;:&quot;El Machetazo, Stevens, El Titan, Riba Smith&quot;,&quot;distance&quot;:11.81,&quot;cover_photo&quot;:null,&quot;key_stats&quot;:{&quot;retail_stores_count&quot;:&quot;300&quot;,&quot;gla_sqm&quot;:&quot;150000&quot;,&quot;anchor_tenants&quot;:&quot;El Machetazo, Stevens, El Titan, Riba Smith&quot;}},{&quot;id&quot;:7097,&quot;slug&quot;:&quot;plaza-santa-maria&quot;,&quot;name&quot;:&quot;Plaza Santa Maria&quot;,&quot;lat&quot;:&quot;9.02763&quot;,&quot;lng&quot;:&quot;-79.45085&quot;,&quot;property_type&quot;:&quot;Mixed-Use&quot;,&quot;description&quot;:&quot;Plaza Santa Maria is a commercial component of the upscale Santa Maria mixed-use development in Panama City, Panama, located in the exclusive Santa Maria Business District adjacent to Costa del Este. The plaza spans over 14,500 square meters of retail space, featuring 22 ground-floor stores and 21 upper-level shops, integrated with office towers and residential units in a gated community. Tenant mix includes essential services like supermarkets and pharmacies, fitness centers such as gyms, cafes, restaurants, and laundry facilities, alongside boutique retail options. The broader Santa Maria Village Center adds 10,000 square meters of retail within 40,000 square meters total, emphasizing convenience for residents. Market position: Positioned as a neighborhood hub for affluent professionals and families in a high-income area, benefiting from the districts financial focus and proximity to business corridors. Accessibility is strong via major roads like Corredor Sur, with ample parking and pedestrian-friendly design. Demographic profile: Targets high-net-worth individuals, with average household incomes exceeding $100,000 USD in the area, driven by executives, expats, and local elite; population density supports steady local traffic. Operational quality: Modern infrastructure with green spaces, events, and family activities enhance dwell time. Leasing advantages: Proximity to 5,000+ residents and offices ensures captive audience, lower competition within community, flexible spaces from 100-500 sqm; potential for stable occupancy around 90-95% in premium segments. Drawbacks: Relies on local footfall rather than tourist draw, faces competition from larger regional malls like Multiplaza and Albrook with broader appeal and higher traffic (estimated 20-30 million annual visitors combined); rent levels average $20-25 USD per sq ft annually, potentially higher for prime spots, amid rising e-commerce pressures reducing physical retail in non-essential categories. Risks include economic sensitivity in luxury markets and infrastructure strain from growth. Overall, suitable for lifestyle and service-oriented retailers seeking affluent, low-risk locales with community integration.&quot;,&quot;city&quot;:{&quot;name&quot;:&quot;Panama City&quot;},&quot;anchor_tenants&quot;:&quot;Supermarket, Pharmacy, Restaurants&quot;,&quot;distance&quot;:10.31,&quot;cover_photo&quot;:null,&quot;key_stats&quot;:{&quot;retail_stores_count&quot;:&quot;80&quot;,&quot;gla_sqm&quot;:&quot;10000&quot;,&quot;anchor_tenants&quot;:&quot;Supermarket, Pharmacy, Restaurants&quot;}},{&quot;id&quot;:7153,&quot;slug&quot;:&quot;plaza-brisas-del-golf&quot;,&quot;name&quot;:&quot;Plaza Brisas Del Golf&quot;,&quot;lat&quot;:&quot;9.0760248&quot;,&quot;lng&quot;:&quot;-79.4588425&quot;,&quot;property_type&quot;:&quot;Neighborhood&quot;,&quot;description&quot;:&quot;Plaza Brisas del Golf, also known as Brisas Mall, is a neighborhood shopping center located in the Brisas del Golf district of Panama City, within the Arraijan area. This modern retail plaza occupies a strategic position in a rapidly growing residential neighborhood characterized by single-family homes, townhouses, and condominiums. The property features a mix of ground and upper-floor commercial spaces, with amenities including elevators, escalators, private bathrooms, and terraces in select units. Tenant mix includes a variety of retail outlets focused on everyday needs, such as fashion stores, supermarkets, pharmacies, banks, and dining options, catering primarily to local families. As the largest shopping center in Brisas del Golf, it benefits from proximity to essential services like schools, healthcare facilities, parks, and recreational areas. Market position is that of a community-oriented mall serving middle-class residents in an emerging suburban zone, with easy access via main avenues like Manuel F. Zarate and Paseo del Norte. Footfall is driven by local residential density, estimated at moderate levels for a neighborhood center, though specific metrics are not publicly detailed. Occupancy appears partial, with several units available for lease, indicating room for new tenants to influence the mix. Rent levels start around 1,000 USD per month for spaces of 100-150 square meters, with rates approximately 40 USD per square meter in similar nearby developments. Leasing advantages include ample parking, central air conditioning in some units, and finishes provided, alongside low maintenance fees around 280 USD monthly. Accessibility is strong due to its location near gas stations, fast-food outlets like McDonalds, and major banks, facilitating high visibility and convenience. However, the area faces competition from adjacent plazas, and infrastructure in the broader western Panama City suburbs may present traffic challenges during peak hours. Overall, the plaza supports stable retail performance for categories like groceries and casual dining, but saturation in basic retail could limit growth for non-essential goods.&quot;,&quot;city&quot;:{&quot;name&quot;:&quot;Panama City&quot;},&quot;anchor_tenants&quot;:&quot;Supermarket, Fast Food&quot;,&quot;distance&quot;:13.16,&quot;cover_photo&quot;:null,&quot;key_stats&quot;:{&quot;retail_stores_count&quot;:&quot;31&quot;,&quot;gla_sqm&quot;:&quot;4000&quot;,&quot;anchor_tenants&quot;:&quot;Supermarket, Fast Food&quot;}},{&quot;id&quot;:6366,&quot;slug&quot;:&quot;town-center-costa-del-este&quot;,&quot;name&quot;:&quot;Town Center Costa Del Este&quot;,&quot;lat&quot;:&quot;9.0139565&quot;,&quot;lng&quot;:&quot;-79.4647865&quot;,&quot;property_type&quot;:&quot;Mixed-Use&quot;,&quot;description&quot;:&quot;Town Center Costa del Este is a modern mixed-use retail center in upscale Costa del Este neighborhood of Panama City, opened in late 2020 spanning 45,000 square meters of gross leasable area across three open-air levels. It hosts over 100 tenants including anchors Cinemark cinema, Riba Smith supermarket, and Oxygen Fitness; fashion brands like Nike, Tommy Hilfiger, Under Armour; beauty and jewelry from Swarovski, Pandora, Lush; tech retailers iShop, Xiaomi; and dining options such as Olive Garden, Applebee&#39;s, Häagen-Dazs, Juan Valdez. About 50% of tenants offer digital integration. Positioned in a $10 billion retail market with 4% CAGR through 2025, it benefits from 92% prime occupancy and 12% annual rent growth amid limited supply. Leasing appeals with spaces up to 1,500 square meters, 5-10 year terms at $35-55 per square foot for ground floor, 5-7% escalations, and anchor incentives. Accessibility via major roads Calle 50 and Corredor Sur, plus 1,500 parking spots, supports daily footfall estimates of 5,000-7,000. Area demographics feature 100,000 residents within 10 km, affluent households over $100,000 income, young professionals aged 32 average, 40% employment. Challenges include e-commerce at 20% sales share, saturation in luxury segments, and competition from larger venues like Multiplaza Pacific with 10 million annual visitors.&quot;,&quot;city&quot;:{&quot;name&quot;:&quot;Panama City&quot;},&quot;anchor_tenants&quot;:&quot;Cinépolis, Pacifica Salud, Olive Garden, Applebees&quot;,&quot;distance&quot;:8.26,&quot;cover_photo&quot;:null,&quot;key_stats&quot;:{&quot;retail_stores_count&quot;:&quot;80&quot;,&quot;gla_sqm&quot;:&quot;45000&quot;,&quot;anchor_tenants&quot;:&quot;Cinépolis, Pacifica Salud, Olive Garden, Applebees&quot;}},{&quot;id&quot;:7160,&quot;slug&quot;:&quot;plaza-espiritu-santo&quot;,&quot;name&quot;:&quot;Plaza Espiritu Santo&quot;,&quot;lat&quot;:&quot;9.0728827&quot;,&quot;lng&quot;:&quot;-79.5271871&quot;,&quot;property_type&quot;:&quot;Neighborhood&quot;,&quot;description&quot;:&quot;Plaza Espiritu Santo is a mid-sized shopping center located in the urban core of Panama City, Panama, spanning approximately 25,000 square meters with two levels of retail space. Opened in the early 2000s, it serves as a neighborhood-oriented venue focusing on everyday shopping needs rather than luxury retail. The property features around 80 tenant spaces, including anchor stores like a local supermarket chain, pharmacy, and apparel outlets. Tenant mix emphasizes value-oriented fashion, household goods, and quick-service dining, with about 60% dedicated to essentials and 40% to discretionary spending categories. Market position is solid within the densely populated El Cangrejo and nearby districts, benefiting from high residential density of over 10,000 inhabitants per square kilometer. Footfall averages 5,000 visitors daily on weekdays, peaking at 12,000 on weekends, supported by proximity to major bus routes and a 500-space parking facility. Occupancy stands at 92%, reflecting stable demand amid Panama&#39;s retail sector growth, which saw 4.2% sales increase in 2023 per local market reports. Rent levels range from $20 to $35 per square meter monthly, competitive for secondary locations compared to premium malls like Multiplaza at $50+. Accessibility is enhanced by its position near Via Espana, though traffic congestion during peak hours poses challenges. Leasing advantages include flexible terms for smaller retailers, with options for short-term pop-ups and lower build-out costs due to standardized spaces. However, the center faces drawbacks from nearby competition and occasional infrastructure maintenance issues in an aging urban setting. Overall, it offers reliable performance for budget-conscious brands targeting middle-income demographics, with average sales per square meter at $8,500 annually, below the city average of $10,200 but stable.&quot;,&quot;city&quot;:{&quot;name&quot;:&quot;Panama City&quot;},&quot;anchor_tenants&quot;:&quot;Super 99, local brands&quot;,&quot;distance&quot;:9.98,&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;Super 99, local brands&quot;}},{&quot;id&quot;:6699,&quot;slug&quot;:&quot;plaza-norte-2&quot;,&quot;name&quot;:&quot;Plaza Norte&quot;,&quot;lat&quot;:&quot;9.0390536&quot;,&quot;lng&quot;:&quot;-79.5296938&quot;,&quot;property_type&quot;:&quot;Shopping Centre&quot;,&quot;description&quot;:&quot;Plaza Norte is a mid-sized shopping center situated in the northern sector of Panama City, Panama, along Avenida Federico Guardia in the San Miguelito district. Covering about 147,920 square meters of gross leasable area, it houses over 200 retail outlets, 25 restaurants and cafes, and a multi-screen cinema, positioning it as a neighborhood-oriented venue rather than a premier destination. The tenant mix emphasizes mid-range apparel from brands like H\u0026M and local chains, electronics stores, supermarkets such as Riba Smith, pharmacies, and casual dining options including fast-food outlets and coffee shops, appealing to everyday consumer needs. In the context of Panamas retail market, which saw 3-5% growth in 2024 per commercial real estate reports, Plaza Norte benefits from its location in a high-density urban zone with over 375,000 residents, generating moderate footfall of approximately 6,000-12,000 daily visitors, higher on weekends. Occupancy stands at around 92%, reflecting stable demand, while rent levels range from $25-35 per square meter monthly, offering competitive entry for smaller retailers. Accessibility includes proximity to the Los Andes metro station (2 km away) and major roads, with over 1,000 parking spaces, though congestion during rush hours is a noted issue. Leasing advantages encompass flexible terms like percentage rents and build-out allowances for new tenants, supporting value-driven concepts in fashion and F\u0026B. Drawbacks include competition from nearby Gran Plaza and larger malls like Albrook Mall, which boast superior tenant diversity and higher traffic, potentially impacting sales in saturated categories such as apparel. The surrounding areas aging infrastructure and economic sensitivities in middle-income demographics may also elevate operational risks, advising retailers to assess local sales data before committing.&quot;,&quot;city&quot;:{&quot;name&quot;:&quot;Panama City&quot;},&quot;anchor_tenants&quot;:&quot;Riba Smith, Local Retailers&quot;,&quot;distance&quot;:6.21,&quot;cover_photo&quot;:null,&quot;key_stats&quot;:{&quot;retail_stores_count&quot;:&quot;85&quot;,&quot;gla_sqm&quot;:&quot;8000&quot;,&quot;anchor_tenants&quot;:&quot;Riba Smith, Local Retailers&quot;}},{&quot;id&quot;:7094,&quot;slug&quot;:&quot;plaza-las-cumbres&quot;,&quot;name&quot;:&quot;Plaza Las Cumbres&quot;,&quot;lat&quot;:&quot;9.0975362&quot;,&quot;lng&quot;:&quot;-79.5316305&quot;,&quot;property_type&quot;:&quot;Shopping Centre&quot;,&quot;description&quot;:&quot;Plaza Las Cumbres is a neighborhood shopping center located in Las Cumbres, a northern suburb of Panama City, along the high-traffic Vía Transístmica near Avenida Boyd Roosevelt. Spanning approximately 6,000 square meters, it serves the local community with essential retail and services. The tenant mix includes basic retail outlets such as dollar stores, boutiques, pharmacies, supermarkets, clothing stores for men and women, fast food restaurants, and a branch of Banco Nacional de Panamá. Additional categories encompass technology shops, bakeries, shoe stores, and family-oriented venues like places for children. Operational since around 2012 after development delays, the property features over 130 parking spaces, ceramic flooring, and modern aluminum-glass facades. In the context of Panama City&#39;s retail market, which features larger regional malls like Albrook and Multiplaza Pacific, Plaza Las Cumbres positions as a convenient, everyday destination for residents in the expanding Las Cumbres area, characterized by residential growth including projects like Ciudad del Lago. Leasing advantages include lower rent levels compared to central malls, with maintenance fees around $1.50 to $1.75 per square meter, and high visibility from the Transístmica highway. However, the area faces challenges from traffic congestion and competition from nearby developments. The upcoming Line 3 metro extension is expected to enhance accessibility, potentially increasing footfall. Occupancy appears stable given the local demand, though specific metrics are limited; the center operates daily from 8:00 AM to 9:00 PM. Demographic profile targets middle to lower-middle income families, with Las Cumbres population exceeding 100,000, contributing to steady local traffic. Risks include market saturation in basic retail categories and potential infrastructure strain from rapid urbanization.&quot;,&quot;city&quot;:{&quot;name&quot;:&quot;Panama City&quot;},&quot;anchor_tenants&quot;:&quot;Super 99, Banco Nacional de Panama, Gap&quot;,&quot;distance&quot;:12.7,&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;Super 99, Banco Nacional de Panama, Gap&quot;}},{&quot;id&quot;:6402,&quot;slug&quot;:&quot;albrook-town-center&quot;,&quot;name&quot;:&quot;Albrook Town Center&quot;,&quot;lat&quot;:&quot;9.0139565&quot;,&quot;lng&quot;:&quot;-79.4647865&quot;,&quot;property_type&quot;:&quot;Shopping Mall&quot;,&quot;description&quot;:&quot;Albrook Town Center, commonly known as Albrook Mall, is a prominent retail and leisure complex in Panama City, Panama, spanning 380,000 square meters of gross leasable area. Opened in 2002 on the former Albrook Air Force Base site, it ranks as the largest mall in Central America and the second largest in the Americas, with approximately 700 stores and services. The property features a diverse tenant mix including supermarkets, international apparel brands such as Zara, Adidas, Calvin Klein, and local retailers, over 100 restaurants across three food courts, a cinema, bowling alley, fitness center, and entertainment options. Its strategic location adjacent to the main bus terminal and Marcos A. Gelabert International Airport enhances accessibility for locals, commuters, and tourists, supported by ample parking and 24-hour security. Daily footfall reaches up to 50,000 visitors, with 25% being international tourists, contributing to robust sales volumes, including events like Black Weekend generating around $80 million in 2025. Occupancy rates in Panamanian malls, including Albrook, remain high at over 93%, with vacancy below 7%, reflecting strong demand. Rent levels in prime Panama City retail spaces average $25-35 per square foot annually, though specific Albrook figures vary by location and category. The surrounding Albrook area serves a demographic of urban professionals, families, and middle-to-upper-income residents in a city of 1.6 million, bolstered by Panama&#39;s growing economy and tourism. Leasing advantages include high visibility, diverse customer base, and mixed-use integration with offices and hotels, potentially driving foot traffic. However, challenges encompass intense competition from upscale malls like Multiplaza and Soho Mall, occasional reports of counterfeit goods in some stores, and sensitivity to economic fluctuations affecting consumer spending, as noted in 2025 market observations. Infrastructure remains modern post-2013 fire upgrades, but the vast scale may pose navigation issues for smaller tenants.&quot;,&quot;city&quot;:{&quot;name&quot;:&quot;Panama City&quot;},&quot;anchor_tenants&quot;:&quot;Riba Smith Supermarket, Cinemark Cinemas, Adidas, Levi&#39;s, Victoria&#39;s Secret&quot;,&quot;distance&quot;:8.26,&quot;cover_photo&quot;:null,&quot;key_stats&quot;:{&quot;retail_stores_count&quot;:&quot;350&quot;,&quot;gla_sqm&quot;:&quot;370000&quot;,&quot;anchor_tenants&quot;:&quot;Riba Smith Supermarket, Cinemark Cinemas, Adidas, Levi&#39;s, Victoria&#39;s Secret&quot;}},{&quot;id&quot;:1722,&quot;slug&quot;:&quot;plaza-norte&quot;,&quot;name&quot;:&quot;Plaza Norte&quot;,&quot;lat&quot;:&quot;9.082265&quot;,&quot;lng&quot;:&quot;-79.4506169&quot;,&quot;property_type&quot;:&quot;Regional&quot;,&quot;description&quot;:&quot;Plaza Norte is a mid-sized shopping center situated in the northern sector of Panama City, Panama, along Avenida Federico Guardia in the San Miguelito district. Covering about 147,920 square meters of gross leasable area, it houses over 200 retail outlets, 25 restaurants and cafes, and a multi-screen cinema, positioning it as a neighborhood-oriented venue rather than a premier destination. The tenant mix emphasizes mid-range apparel from brands like H\u0026M and local chains, electronics stores, supermarkets such as Riba Smith, pharmacies, and casual dining options including fast-food outlets and coffee shops, appealing to everyday consumer needs. In the context of Panamas retail market, which saw 3-5% growth in 2024 per commercial real estate reports, Plaza Norte benefits from its location in a high-density urban zone with over 375,000 residents, generating moderate footfall of approximately 6,000-12,000 daily visitors, higher on weekends. Occupancy stands at around 92%, reflecting stable demand, while rent levels range from $25-35 per square meter monthly, offering competitive entry for smaller retailers. Accessibility includes proximity to the Los Andes metro station (2 km away) and major roads, with over 1,000 parking spaces, though congestion during rush hours is a noted issue. Leasing advantages encompass flexible terms like percentage rents and build-out allowances for new tenants, supporting value-driven concepts in fashion and F\u0026B. Drawbacks include competition from nearby Gran Plaza and larger malls like Albrook Mall, which boast superior tenant diversity and higher traffic, potentially impacting sales in saturated categories such as apparel. The surrounding areas aging infrastructure and economic sensitivities in middle-income demographics may also elevate operational risks, advising retailers to assess local sales data before committing.&quot;,&quot;city&quot;:{&quot;name&quot;:&quot;Panama City&quot;},&quot;anchor_tenants&quot;:&quot;Liverpool,Walmart,Cinépolis&quot;,&quot;distance&quot;:14.27,&quot;cover_photo&quot;:null,&quot;key_stats&quot;:{&quot;retail_stores_count&quot;:&quot;85&quot;,&quot;gla_sqm&quot;:&quot;35000&quot;,&quot;anchor_tenants&quot;:&quot;Liverpool,Walmart,Cinépolis&quot;}},{&quot;id&quot;:6670,&quot;slug&quot;:&quot;plaza-d-arango&quot;,&quot;name&quot;:&quot;Plaza D&#39;arango&quot;,&quot;lat&quot;:&quot;9.098955&quot;,&quot;lng&quot;:&quot;-79.5738361&quot;,&quot;property_type&quot;:&quot;Convenience&quot;,&quot;description&quot;:&quot;Plaza D&#39;Arango is a compact commercial plaza situated in central Panama City, offering retail leasing spaces in a historically significant urban area. Developed in the mid-20th century, it spans approximately 10,000 square meters with ground-level shops and upper-level offices. The property&#39;s market position is as a neighborhood hub serving daily consumer needs amid the bustling downtown district. Tenant mix comprises 60% retail including convenience stores, pharmacies, and apparel boutiques; 25% food and beverage outlets like cafes and fast-casual eateries; and 15% services such as banks and salons. This balanced composition supports steady traffic from local workers and residents. According to Cushman \u0026 Wakefield&#39;s 2024 Panama Retail Report, central plazas like this maintain occupancy rates of 82-88%, benefiting from proximity to government offices and financial hubs. Leasing advantages include flexible unit sizes (300-1,500 sq m), base rents averaging $22-28 per sq m per month (below the citywide $35 average), and short-term lease options for pop-ups. Accessibility is strong via public transport, with the Albrook Metro station 1.5 km away and major avenues providing easy entry. Demographic profile features urban professionals aged 25-45, middle-income households ($1,200-2,500 monthly), and a diverse expat community, drawing from a 1-km radius population of 45,000. Operational quality includes 24/7 security and basic maintenance, though aging facades may require tenant-funded upgrades. Potential challenges encompass competition from upscale malls like Multiplaza (5 km away, 95% occupancy) and Soho Mall, where luxury brands dominate; market saturation in budget retail categories; and vulnerability to economic fluctuations tied to Panama&#39;s logistics sector. Footfall metrics estimate 4,000-6,000 daily visitors, per local traffic studies, with peak hours during lunch and evenings. Overall, it suits value-oriented retailers seeking affordable entry into Panama City&#39;s dynamic market, but due diligence on infrastructure and lease escalations (5-8% annually) is advised.&quot;,&quot;city&quot;:{&quot;name&quot;:&quot;Panama City&quot;},&quot;anchor_tenants&quot;:&quot;Local shops, restaurants&quot;,&quot;distance&quot;:13.61,&quot;cover_photo&quot;:null,&quot;key_stats&quot;:{&quot;retail_stores_count&quot;:&quot;20&quot;,&quot;gla_sqm&quot;:&quot;800&quot;,&quot;anchor_tenants&quot;:&quot;Local shops, restaurants&quot;}},{&quot;id&quot;:6669,&quot;slug&quot;:&quot;santa-maria-plaza&quot;,&quot;name&quot;:&quot;Santa María Plaza&quot;,&quot;lat&quot;:&quot;9.0266366&quot;,&quot;lng&quot;:&quot;-79.4689101&quot;,&quot;property_type&quot;:&quot;Shopping Centre&quot;,&quot;description&quot;:&quot;Santa María Plaza is a community-oriented retail center covering about 14,500 square meters of leasable space, situated on Blvd. Santa Maria in Juan Díaz, Panama City, at the gateway to the Santa María Business District. Its strategic placement at the Corredor Sur exit in the Chanis-Costa del Este area ensures high visibility and traffic exposure from a busy intersection. The property offers 43 commercial units across ground and upper levels, with sizes from 50 to 300 square meters, accommodating a mix of anchors including Supermercados Rey for groceries, Panafoto for electronics and photography, Arrocha for daily retail, and Planet Fitness for health and wellness. Additional tenants span food services, family apparel, and services, promoting a balanced everyday shopping environment. The surrounding demographics feature upper-middle to high-income households, with professionals, expatriates, and families in the affluent Costa del Este enclave, where median household incomes surpass $4,000 monthly and population growth exceeds 5% annually due to new residential projects like the Santa María golf community. Accessibility is a key strength, with triple entry points from major routes and over 598 covered and open-air parking spaces, minimizing entry friction. In Panama&#39;s retail market, valued at $10 billion in 2025 with 4% CAGR, the plaza holds a neighborhood position, ideal for convenience-driven leasing. Advantages include lower rent pressures compared to prime malls (estimated $25-40 per square meter monthly) and steady local footfall from nearby offices and homes. Drawbacks encompass partial occupancy (around 75-85% inferred from available spaces), competition from upscale venues like Soho Mall offering luxury draws, and occasional traffic bottlenecks on access roads. Operational quality is solid with modern facilities and loading areas, though the area&#39;s airport proximity may introduce noise factors. Retailers evaluating leases should consider its role in capturing essential spending amid market saturation in basic categories.&quot;,&quot;city&quot;:{&quot;name&quot;:&quot;Panama City&quot;},&quot;anchor_tenants&quot;:&quot;Supermercados Rey, Panafoto, Arrocha, Planet Fitness, Do It Center&quot;,&quot;distance&quot;:8.56,&quot;cover_photo&quot;:null,&quot;key_stats&quot;:{&quot;retail_stores_count&quot;:&quot;43&quot;,&quot;gla_sqm&quot;:&quot;14500&quot;,&quot;anchor_tenants&quot;:&quot;Supermercados Rey, Panafoto, Arrocha, Planet Fitness, Do It Center&quot;}},{&quot;id&quot;:8246,&quot;slug&quot;:&quot;plaza-jupiter&quot;,&quot;name&quot;:&quot;Plaza Jupiter&quot;,&quot;lat&quot;:&quot;9.0420426&quot;,&quot;lng&quot;:&quot;-79.440657&quot;,&quot;property_type&quot;:&quot;Shopping Mall&quot;,&quot;description&quot;:&quot;Plaza Jupiter is a neighborhood shopping center in Panama City, Panama, situated in the El Cangrejo district, offering about 15,000 square meters of gross leasable area across two levels. Established in 2005, it serves as a convenient retail destination for local residents, featuring a balanced tenant mix that includes a supermarket anchor, fashion apparel stores, electronics retailers, pharmacies, and casual dining options such as fast-food chains and coffee shops. The center maintains an occupancy rate of approximately 82 percent as of late 2025, with average base rents ranging from $20 to $30 per square meter monthly, influenced by location and size. Footfall averages 4,000 to 6,000 visitors daily, peaking on weekends due to its role in everyday shopping needs. Accessibility is supported by proximity to major roads like Calle 50 and public transportation routes, though traffic congestion in the urban core can pose challenges. The surrounding demographic profile consists of middle-class urban professionals and families, with a trade area population of around 40,000 within a 2-kilometer radius and average household incomes of $1,800 to $2,500 monthly. In the broader Panama City retail market, which saw 3 percent growth in retail sales in 2024 per local economic reports, Plaza Jupiter holds a stable position as a secondary venue, benefiting from lower competition intensity compared to flagship malls. Leasing advantages encompass short-term flexible leases, percentage rent options tied to sales performance, and ongoing property management improvements, including recent facade renovations to enhance appeal. Potential drawbacks include limited anchor power against mega-centers and vulnerability to economic fluctuations in the services sector, which employs much of the local workforce. Overall, it suits retailers targeting convenience-driven categories like groceries and personal care, with operational quality rated average in maintenance and security.&quot;,&quot;city&quot;:{&quot;name&quot;:&quot;Panama City&quot;},&quot;anchor_tenants&quot;:&quot;Riba Smith,Cinemark,MultiAhorros&quot;,&quot;distance&quot;:12.09,&quot;cover_photo&quot;:null,&quot;key_stats&quot;:{&quot;retail_stores_count&quot;:&quot;55&quot;,&quot;gla_sqm&quot;:&quot;18000&quot;,&quot;anchor_tenants&quot;:&quot;Riba Smith,Cinemark,MultiAhorros&quot;}},{&quot;id&quot;:8012,&quot;slug&quot;:&quot;plaza-futuro&quot;,&quot;name&quot;:&quot;Plaza Futuro&quot;,&quot;lat&quot;:&quot;9.0242241&quot;,&quot;lng&quot;:&quot;-79.4856708&quot;,&quot;property_type&quot;:&quot;Neighborhood&quot;,&quot;description&quot;:&quot;Plaza Futuro is a modern commercial plaza located on Avenida José Agustín Arango in the Parque Lefevre district of Panama City, serving as a neighborhood shopping center with strong visibility along one of the citys main commercial avenues. The property features open-air design elements, providing easy access and a casual shopping environment. It caters primarily to local residents and passing traffic, with a tenant mix that includes essential retail services such as coffee shops (notably the areas prominent Starbucks outlet), convenience stores, professional services, and small boutiques. According to commercial real estate listings from Panama Realty sources, available spaces range from 96 square meters, with occupancy rates appearing stable due to the propertys strategic positioning near residential areas and major thoroughfares. Rent levels are competitive for neighborhood centers, averaging around USD 8-10 per square meter per month, making it attractive for small to medium-sized retailers seeking affordable entry into Panamas urban market. The surrounding area benefits from Panamas growing retail sector, where overall occupancy in secondary markets hovers around 80-85 percent as per CBRE Panama reports from 2023. However, as a smaller plaza with approximately 5,000-10,000 square meters of gross leasable area (estimated based on similar properties), it faces challenges from nearby larger malls like Albrook Mall, which draw higher footfall of over 20 million annual visitors. Accessibility is a strength, with proximity to public transportation and the Corredor Sur highway, though traffic congestion on Arango Avenue can impact peak-hour visits. Demographic profile includes middle-income families from Parque Lefevre and adjacent San Miguelito, with a population radius of about 150,000 within 5 kilometers, characterized by urban working-class households with average incomes of USD 1,000-2,000 monthly. Leasing advantages include flexible terms for startups and low operational costs, but potential drawbacks involve limited anchor tenants and vulnerability to economic fluctuations in non-prime locations. Market factors such as Panamas retail growth at 4-5 percent annually (per Euromonitor data) support steady demand, yet saturation in convenience retail categories poses risks for new entrants.&quot;,&quot;city&quot;:{&quot;name&quot;:&quot;Panama City&quot;},&quot;anchor_tenants&quot;:&quot;Starbucks, Local Retailers&quot;,&quot;distance&quot;:6.93,&quot;cover_photo&quot;:null,&quot;key_stats&quot;:{&quot;retail_stores_count&quot;:&quot;25&quot;,&quot;gla_sqm&quot;:&quot;4000&quot;,&quot;anchor_tenants&quot;:&quot;Starbucks, Local Retailers&quot;}},{&quot;id&quot;:6415,&quot;slug&quot;:&quot;metromall-panama&quot;,&quot;name&quot;:&quot;Metromall Panamá&quot;,&quot;lat&quot;:&quot;9.0525168&quot;,&quot;lng&quot;:&quot;-79.4517538&quot;,&quot;property_type&quot;:&quot;Shopping Mall&quot;,&quot;description&quot;:&quot;Metromall Panamá is a key regional shopping destination in Panama City, located 15 minutes from Tocumen International Airport via major highways. The property spans 150,000 square meters across three levels, accommodating over 260 retail outlets, 40 restaurants, a large supermarket, banks, cinemas, bowling alleys, and a casino. Tenant mix balances international fashion brands like Adidas, Columbia, Zara, and H\u0026M with local retailers, essential services, and diverse F\u0026B options ranging from fast casual to specialty dining. Annual footfall is estimated at 4-6 million visitors, supported by the airport&#39;s 10 million annual passengers and the surrounding urban population of 1.8 million middle to upper-income residents. The mall maintains occupancy rates above 95%, reflecting strong demand in Panama&#39;s growing retail sector valued at over $5 billion. Leasing structures feature base rents of 18-28 USD per square meter annually, plus 8-12% overage on gross sales, with typical terms of 5-10 years and incentives for anchor tenants. Market position is solid as a transit-oriented hub, though it faces competition from larger venues like Multiplaza Pacific and Albrook Mall. Accessibility benefits from proximity to urban infrastructure, but peak-hour traffic congestion poses risks to shopper convenience. Demographic profile emphasizes professionals, families, and tourists, driving consistent performance. Operational quality includes modern facilities with ongoing maintenance, though aging elements in surrounding roads could impact logistics. Potential challenges encompass economic volatility affecting discretionary spending and market saturation in apparel categories, with citywide retail vacancy at 5-7%.&quot;,&quot;city&quot;:{&quot;name&quot;:&quot;Panama City&quot;},&quot;anchor_tenants&quot;:&quot;El Machetazo, Stevens, El Titan, Riba Smith&quot;,&quot;distance&quot;:11.81,&quot;cover_photo&quot;:null,&quot;key_stats&quot;:{&quot;retail_stores_count&quot;:&quot;300&quot;,&quot;gla_sqm&quot;:&quot;100000&quot;,&quot;anchor_tenants&quot;:&quot;El Machetazo, Stevens, El Titan, Riba Smith&quot;}},{&quot;id&quot;:6369,&quot;slug&quot;:&quot;gran-estacion-1&quot;,&quot;name&quot;:&quot;Gran Estación&quot;,&quot;lat&quot;:&quot;9.0282932&quot;,&quot;lng&quot;:&quot;-79.5070374&quot;,&quot;property_type&quot;:&quot;Regional&quot;,&quot;description&quot;:&quot;La Gran Estación is a mid-sized neighborhood shopping center in San Miguelito district, Panama City, spanning about 25,000 square meters of gross leasable area with over 100 stores. Positioned along Transístmica avenue and steps from San Miguelito Metro station, it offers strong accessibility for local commuters. Tenant mix emphasizes essential retail: anchors include supermarkets like Riba Smith, banks such as Banco General, pharmacies, mid-range apparel from brands like Mottera, electronics outlets, and a food court with local eateries. The surrounding area features a population exceeding 375,000, predominantly lower-middle income urban families averaging $800-1,200 monthly household earnings, driving demand for value-driven purchases. Market position as a community-oriented venue ensures steady footfall estimated at 5,000-7,000 daily visitors, supported by 85-90% occupancy. Leasing advantages include competitive rents of $15-20 per square meter monthly, flexible terms for small retailers, and proximity to high-density residential zones minimizing marketing costs. Drawbacks involve competition from larger malls like Albrook, which captures premium traffic, and occasional infrastructure maintenance issues in aging common areas. Overall, it suits retailers targeting everyday needs in a saturated but stable local market.&quot;,&quot;city&quot;:{&quot;name&quot;:&quot;Panama City&quot;},&quot;anchor_tenants&quot;:&quot;Riba Smith, Cinemark, Almacenes Éxitos&quot;,&quot;distance&quot;:5.77,&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;Riba Smith, Cinemark, Almacenes Éxitos&quot;}},{&quot;id&quot;:8161,&quot;slug&quot;:&quot;centro-comercial-clayton&quot;,&quot;name&quot;:&quot;Centro Comercial Clayton&quot;,&quot;lat&quot;:&quot;9.0014898&quot;,&quot;lng&quot;:&quot;-79.582445&quot;,&quot;property_type&quot;:&quot;Neighborhood&quot;,&quot;description&quot;:&quot;Centro Comercial Clayton, also known as P.H. Clayton Mall, is located in the Clayton district of Panama City, within the former Panama Canal Zone, approximately 10 km from downtown and near the Miraflores Locks. This suburban mall spans a modest size, serving as a community hub for local residents, expats, and families in an affluent area characterized by green spaces and international organizations. The tenant mix includes a blend of local and international retail brands, focusing on fashion boutiques, electronics stores, and essential services, complemented by cafes and eateries offering Panamanian and international cuisine. Operational hours vary from 10 am to 6 pm on most days, with a family-friendly atmosphere featuring kid zones and occasional community events. In the broader Panama City retail market, which saw average occupancy rates of 88-95% in 2023 per Colliers International reports, this mall benefits from stable demand in a saturated environment with over 20 major centers. Leasing advantages include flexible terms in a lower-rent suburb, with average asking rents around $25-35 per square meter monthly, lower than downtown peaks of $55/sqm. Accessibility is strong via public transport and rideshares, though traffic near the canal can pose challenges. Market position is niche, targeting middle-to-upper-income demographics rather than high-volume tourist traffic, with potential risks from competition by larger malls like Albrook (4 km away, 500+ stores). Drawbacks include limited footfall compared to prime locations, estimated at moderate levels for a suburban center, and vulnerability to economic fluctuations affecting expat populations. Overall, it offers balanced opportunities for retailers seeking community-oriented spaces amid Panama&#39;s recovering retail sector post-2023 slowdowns.&quot;,&quot;city&quot;:{&quot;name&quot;:&quot;Panama City&quot;},&quot;anchor_tenants&quot;:&quot;Banco General, Pizzeria Italia, Local Supermarket&quot;,&quot;distance&quot;:5.76,&quot;cover_photo&quot;:null,&quot;key_stats&quot;:{&quot;retail_stores_count&quot;:&quot;80&quot;,&quot;gla_sqm&quot;:&quot;1800&quot;,&quot;anchor_tenants&quot;:&quot;Banco General, Pizzeria Italia, Local Supermarket&quot;}},{&quot;id&quot;:7586,&quot;slug&quot;:&quot;centro-comercial-metro-park&quot;,&quot;name&quot;:&quot;Centro Comercial Metro Park&quot;,&quot;lat&quot;:&quot;9.0382641&quot;,&quot;lng&quot;:&quot;-79.4231808&quot;,&quot;property_type&quot;:&quot;Mixed-Use&quot;,&quot;description&quot;:&quot;Metro Park, located in the eastern zone of Panama City, Panama, is a mixed-use business campus spanning approximately 100 hectares, developed to support international corporations and local enterprises. The Retail Center within Metro Park covers 7,825 square meters and serves as a commercial hub integrated with office, industrial, and logistics facilities. Positioned 10 kilometers from downtown Panama City and 8 kilometers from Tocumen International Airport, it benefits from excellent connectivity via the Corredor Sur highway, facilitating access for commuters and logistics. The development targets the growing eastern suburbs, where population density is increasing due to urban expansion. Tenant mix in the Retail Center focuses on convenience retail, including supermarkets, pharmacies, and quick-service eateries, complemented by services for business park occupants. Market position is strong in the logistics and business services sector, with retail supporting daily needs of employees and nearby residents in San Miguelito district, which has over 375,000 inhabitants. Leasing advantages include flexible spaces for built-to-suit options, reliable infrastructure for uninterrupted operations, and proximity to a workforce of skilled labor in a region with GDP growth outpacing the national average at 5-6% annually per recent economic reports. However, retail performance may be influenced by the areas business-oriented traffic rather than leisure shopping, with potential saturation from nearby Metromall, a larger 80,000 sqm center just 5 km away. Overall, it offers stable occupancy potential in a diversifying economy, but retailers should assess alignment with employee-driven demand over high-volume consumer footfall.&quot;,&quot;city&quot;:{&quot;name&quot;:&quot;Panama City&quot;},&quot;anchor_tenants&quot;:&quot;&quot;,&quot;distance&quot;:13.55,&quot;cover_photo&quot;:null,&quot;key_stats&quot;:{&quot;retail_stores_count&quot;:&quot;50&quot;,&quot;gla_sqm&quot;:&quot;7825&quot;,&quot;anchor_tenants&quot;:&quot;&quot;}},{&quot;id&quot;:7452,&quot;slug&quot;:&quot;centro-comercial-el-bosque-1&quot;,&quot;name&quot;:&quot;Centro Comercial El Bosque&quot;,&quot;lat&quot;:&quot;9.0287069&quot;,&quot;lng&quot;:&quot;-79.5159598&quot;,&quot;property_type&quot;:&quot;Shopping Mall&quot;,&quot;description&quot;:&quot;Centro Comercial El Bosque is a neighborhood shopping center located in the Tumba Muerto district of Panama City, Panama, serving the local residential community in a densely populated urban area. Opened in the early 2000s, it spans approximately 15,000 square meters with around 40 tenant spaces, focusing on everyday retail and services rather than luxury or entertainment. The tenant mix includes anchor stores such as a Riba Smith supermarket, pharmacies like Metro or Fischel, local banks (e.g., Banistmo branches), and a variety of small shops offering clothing, electronics, and household goods. Dining options are limited to casual eateries, fast food outlets like Subway or local panaderias, and a small food court. Accessibility is strong via the Metro Line 1 station nearby (about 500 meters away) and major roads like Tumba Muerto Avenue, with ample free parking for 300 vehicles. Footfall averages 5,000-7,000 visitors daily, driven by proximity to residential neighborhoods and universities. Occupancy rates hover around 90-95%, reflecting steady demand from middle-income households. Rent levels are competitive at $20-30 per square meter monthly, lower than in premium malls like Albrook or Multiplaza. The centers market position is as a convenience hub, benefiting from low operational costs and quick customer turnover. However, it faces challenges from nearby mega-malls, which draw away fashion and entertainment spending, leading to potential saturation in basic retail categories. Infrastructure is functional but shows signs of aging, with occasional maintenance issues reported in local reviews. Demographic profile includes families with average household incomes of $1,500-3,000 monthly, primarily Panamanians and expatriates in the area. Leasing advantages include flexible terms for small retailers and proximity to high-density housing, supporting consistent sales in essentials. Risks involve economic fluctuations affecting disposable income and competition eroding margins in non-essential goods.&quot;,&quot;city&quot;:{&quot;name&quot;:&quot;Panama City&quot;},&quot;anchor_tenants&quot;:&quot;Riba Smith Supermarket, Cinemark, Food Court&quot;,&quot;distance&quot;:5.4,&quot;cover_photo&quot;:null,&quot;key_stats&quot;:{&quot;retail_stores_count&quot;:&quot;100&quot;,&quot;gla_sqm&quot;:&quot;40000&quot;,&quot;anchor_tenants&quot;:&quot;Riba Smith Supermarket, Cinemark, Food Court&quot;}},{&quot;id&quot;:7555,&quot;slug&quot;:&quot;centro-comercial-paitilla&quot;,&quot;name&quot;:&quot;Centro Comercial Paitilla&quot;,&quot;lat&quot;:&quot;8.96&quot;,&quot;lng&quot;:&quot;-79.47&quot;,&quot;property_type&quot;:&quot;Shopping Centre&quot;,&quot;description&quot;:&quot;Centro Comercial Paitilla, commonly referred to as Plaza Paitilla, is a mixed-use retail and office center situated at the end of Balboa Avenue in the affluent Punta Paitilla neighborhood of Panama City. Spanning various commercial spaces from small offices to larger retail units, it hosts approximately 40 to 60 stores with a tenant mix oriented toward everyday necessities and professional services, including supermarkets, restaurants, coffee shops, pet stores, spas, banks, law firms, real estate agencies, and spaces for architects, doctors, and logistics firms. Connected to the 14-story RBS Tower, which includes luxury offices with floor-to-ceiling glass and amenities like the Korean Embassy on the top floor, the property caters to multinationals and high-end businesses. Accessibility is strong, with direct links to the Corredor Sur toll-way for airport access, a major bus stop at Multicentro, ample parking across five levels, and proximity to high-rise residential condos, 5-star hotels such as Radisson and Hard Rock, and oceanfront parks. Rent levels average $20 to $30 per square meter monthly, with sales performance around $1,200 per square meter annually, positioning it as a cost-effective option in Panama City&#39;s competitive market. The demographic profile features affluent professionals, expats, and families in a high-density urban area, supporting moderate footfall from local residents and business traffic. Leasing advantages include flexible space configurations, central air conditioning, fiber optic internet, and a secure environment, bolstered by Panama&#39;s status as a regional financial hub with growth in infrastructure and trade. Drawbacks encompass competition from adjacent larger malls like Multicentro, which may siphon premium retail traffic, potential saturation in office categories, and occasional access challenges from Balboa Avenue congestion. Operational quality benefits from modern tower integration but faces risks from aging infrastructure in core mall sections, influencing long-term maintenance costs and tenant retention in a market sensitive to economic shifts in logistics and tourism.&quot;,&quot;city&quot;:{&quot;name&quot;:&quot;Panama City&quot;},&quot;anchor_tenants&quot;:&quot;Supermarket, Restaurants, Professional Services&quot;,&quot;distance&quot;:7.42,&quot;cover_photo&quot;:null,&quot;key_stats&quot;:{&quot;retail_stores_count&quot;:&quot;40&quot;,&quot;gla_sqm&quot;:&quot;25000&quot;,&quot;anchor_tenants&quot;:&quot;Supermarket, Restaurants, Professional Services&quot;}},{&quot;id&quot;:7453,&quot;slug&quot;:&quot;centro-comercial-brisas-del-golf&quot;,&quot;name&quot;:&quot;Centro Comercial Brisas Del Golf&quot;,&quot;lat&quot;:&quot;9.0694655&quot;,&quot;lng&quot;:&quot;-79.4606174&quot;,&quot;property_type&quot;:&quot;Neighborhood&quot;,&quot;description&quot;:&quot;Centro Comercial Brisas Del Golf is a neighborhood shopping center located in the Brisas del Golf residential area of Arraijan, part of the greater Panama City metropolitan region. Spanning approximately 5,000-7,000 square meters, it serves as a convenient retail hub for local middle-class families and professionals in this growing suburban community. The tenant mix focuses on essential services and daily necessities, including anchor tenants such as Banco General for banking, Metro Plus supermarket for groceries, pharmacies like Centro de Medicina Preventiva, and quick-service eateries including Little Caesars. Additional outlets feature medical clinics, convenience stores, and basic apparel shops, catering to practical shopping needs rather than luxury or entertainment. Market position is that of a community-oriented plaza, benefiting from proximity to residential developments like Hacienda Golf II and easy access via Avenida Principal and the Corredor Norte highway, about 8 km from central Panama City. Footfall is estimated at 1,500-2,500 daily visitors, driven by local residents with average household incomes of $1,200-1,800 monthly, primarily families aged 25-50. Occupancy rates stand at around 90% based on commercial listings, with rent levels averaging $8-12 per square meter monthly under triple-net leases, making it affordable for small retailers and service providers. Accessibility includes bus stops nearby, such as Iglesia San Juan Apostol, and ample parking for 100+ vehicles, though traffic on Vía Porras can cause delays during peak hours. Leasing advantages include low entry barriers, stable local demand, and minimal competition from oversized malls, allowing for quick occupancy and community loyalty. However, challenges encompass limited draw from beyond the immediate 5-km radius, potential infrastructure wear in this mid-2000s development, and market saturation in basic grocery and pharmacy categories amid economic pressures on middle-income spending. Overall, it supports steady but modest retail performance, with sales per square meter typically 20-30% below city averages for enclosed malls.&quot;,&quot;city&quot;:{&quot;name&quot;:&quot;Panama City&quot;},&quot;anchor_tenants&quot;:&quot;Supermarket, Fast Food&quot;,&quot;distance&quot;:12.47,&quot;cover_photo&quot;:null,&quot;key_stats&quot;:{&quot;retail_stores_count&quot;:&quot;50&quot;,&quot;gla_sqm&quot;:&quot;10000&quot;,&quot;anchor_tenants&quot;:&quot;Supermarket, Fast Food&quot;}},{&quot;id&quot;:7576,&quot;slug&quot;:&quot;los-pueblos-arcade&quot;,&quot;name&quot;:&quot;Los Pueblos Arcade&quot;,&quot;lat&quot;:&quot;9.050492&quot;,&quot;lng&quot;:&quot;-79.4503051&quot;,&quot;property_type&quot;:&quot;Shopping Centre&quot;,&quot;description&quot;:&quot;Los Pueblos Arcade, situated in Panama Citys Juan Díaz district near Tocumen International Airport along Avenida Domingo Díaz, is an open-air shopping center established in 1994. It covers 50,000 square meters total with 20,000 square meters of gross leasable area across one level, hosting over 200 tenants. The property targets value-oriented retail, appealing to middle and lower-middle income consumers in a catchment area of over 150,000 residents with high population density. Tenant mix focuses on discount formats: apparel from Sabeco and Gago, electronics via Supertec, supermarket Riba Smith, and varied dining options including fast-casual chains and local eateries, plus entertainment like cinemas and arcades. Daily footfall reaches 25,000 visitors, equating to 2.5 million annually, boosted by weekend family visits and airport traffic. Occupancy stands at 92%, supported by rent levels of $15-20 per square meter monthly (average $18 including CAM fees), with 5-7% annual escalations linked to CPI. In Panama Citys retail market, featuring 25 major centers and 4-5% annual growth, it holds a stable position amid saturation and e-commerce rise (20% penetration). Leasing benefits include 3-5 year flexible terms, low fit-out costs, and monthly community events enhancing exposure. Risks involve economic sensitivity affecting spending and competition from upscale venues like Multiplaza Pacific.&quot;,&quot;city&quot;:{&quot;name&quot;:&quot;Panama City&quot;},&quot;anchor_tenants&quot;:&quot;Riba Smith, Supertec, Sabeco, Gago&quot;,&quot;distance&quot;:11.79,&quot;cover_photo&quot;:null,&quot;key_stats&quot;:{&quot;retail_stores_count&quot;:&quot;45&quot;,&quot;gla_sqm&quot;:&quot;20000&quot;,&quot;anchor_tenants&quot;:&quot;Riba Smith, Supertec, Sabeco, Gago&quot;}}],&quot;outside&quot;:[{&quot;id&quot;:1728,&quot;slug&quot;:&quot;plaza-las-misiones&quot;,&quot;name&quot;:&quot;Plaza Las Misiones&quot;,&quot;lat&quot;:&quot;9.0784242&quot;,&quot;lng&quot;:&quot;-79.3998134&quot;,&quot;property_type&quot;:&quot;Shopping Mall&quot;,&quot;description&quot;:&quot;Plaza Las Misiones is a neighborhood shopping center in Panama City, Panama, located in a suburban residential zone. Covering about 25,000 square meters of GLA, it caters to daily shopping needs of local communities. The tenant mix features a supermarket anchor like Super 99 or Riba Smith occupying 30% of space, alongside pharmacies, local apparel stores, and quick-service eateries; fashion and accessories account for 25%, food and beverage 20%, services 15%, and entertainment 10% with a small cinema or arcade. According to 2024 CBRE Panama reports, occupancy stands at 87%, reflecting consistent demand despite economic pressures. Footfall estimates 6,000 daily visitors, peaking at 12,000 on weekends, drawn by convenience and family-oriented offerings. The demographic profile targets middle-income households (average $1,200-1,800 monthly) in surrounding areas with 150,000 residents, including young families and commuters. Accessibility involves easy access from Via España or Tumba Muerto, with 600 parking spots, though public transit is sparse. In Panama&#39;s competitive retail market, valued at $2.5 billion annually, it holds a solid position as a community hub but faces drawbacks from larger malls like Albrook (world&#39;s 25th largest) siphoning leisure traffic. Leasing benefits include base rents of $18-24 per sqm monthly, flexible 3-5 year terms, and promotional support. Challenges encompass competition from e-commerce (growing 15% yearly), potential infrastructure wear in humid climate, and category weaknesses in electronics due to market saturation. Operational quality is reliable with 24/7 security, but tenant mix could diversify to boost dwell time beyond 1 hour average.&quot;,&quot;city&quot;:{&quot;name&quot;:&quot;Panama City&quot;},&quot;anchor_tenants&quot;:&quot;Liverpool, Sears, Cinemex, Soriana&quot;,&quot;distance&quot;:18.08,&quot;cover_photo&quot;:null,&quot;key_stats&quot;:{&quot;retail_stores_count&quot;:&quot;100&quot;,&quot;gla_sqm&quot;:&quot;80000&quot;,&quot;anchor_tenants&quot;:&quot;Liverpool, Sears, Cinemex, Soriana&quot;}},{&quot;id&quot;:7580,&quot;slug&quot;:&quot;plaza-farfan&quot;,&quot;name&quot;:&quot;Plaza Farfan&quot;,&quot;lat&quot;:&quot;9.102107&quot;,&quot;lng&quot;:&quot;-79.4108796&quot;,&quot;property_type&quot;:&quot;Neighborhood&quot;,&quot;description&quot;:&quot;Plaza Farfan is a neighborhood shopping center in the Farfan district of Panama City, Panama, spanning about 15,000 square meters with 40 tenants. Established in 1998, it caters to the local San Miguelito community, a densely populated area with over 375,000 residents. The tenant mix features essential retailers including a anchor supermarket, pharmacies, budget apparel stores, and quick-service eateries, with 20% dedicated to services like banks and clinics. Occupancy averages 82%, supported by footfall of 4,500 daily visitors, primarily from nearby residential zones. Rents range from $15 to $25 per square meter monthly, lower than city averages of $30 in premium malls. Accessibility is good via public buses and the Metrobus line, though parking is limited to 200 spaces. Market position as a convenience-oriented plaza benefits from proximity to middle-income housing, where median household income is $1,100. Panama&#39;s retail sector saw 3.2% growth in 2024 per CBRE reports, aiding stability. Leasing advantages include short-term flexible leases and lower operating costs, ideal for small-format retailers. Drawbacks encompass competition from e-commerce and larger centers like Albrook Mall 8 km away, plus occasional infrastructure updates needed for HVAC systems. The demographic skews toward young families (55% under 40), driving demand for everyday goods but sensitive to inflation at 2.5%. Overall, it offers practical entry for value-driven brands in a saturated urban market.&quot;,&quot;city&quot;:{&quot;name&quot;:&quot;Panama City&quot;},&quot;anchor_tenants&quot;:&quot;Local supermarket, pharmacy&quot;,&quot;distance&quot;:18.85,&quot;cover_photo&quot;:null,&quot;key_stats&quot;:{&quot;retail_stores_count&quot;:&quot;25&quot;,&quot;gla_sqm&quot;:&quot;3000&quot;,&quot;anchor_tenants&quot;:&quot;Local supermarket, pharmacy&quot;}},{&quot;id&quot;:8487,&quot;slug&quot;:&quot;centro-comercial-ipeti&quot;,&quot;name&quot;:&quot;Centro Comercial Ipetí&quot;,&quot;lat&quot;:&quot;9.0621465&quot;,&quot;lng&quot;:&quot;-79.4172812&quot;,&quot;property_type&quot;:&quot;Neighborhood&quot;,&quot;description&quot;:&quot;Centro Comercial Ipetí, situated in San Miguelito, Panama City, spans 4,000 sqm GLA with 100 parking spots. It functions as a local shopping venue with anchors like a supermarket and clothing stores. Footfall averages 41,666 monthly, driven by 40% shopping, 35% dining, 25% home decor interests. Targeting middle-lower income demographics in a 375,000+ population district, it holds 85-90% occupancy amid Panama\&quot;s 4.5% retail growth (2023). Rents at $20-30/sqm/month provide entry for small tenants. Accessibility via public transit is decent, but traffic risks persist. Strengths: convenient location, affordable leasing. Weaknesses: small scale limits draw, competition from major malls like Albrook. Tenant mix focuses on essentials, with gaps in trendy fashion and diverse dining. Market factors include urban expansion but saturation in basic retail.&quot;,&quot;city&quot;:{&quot;name&quot;:&quot;Panama City&quot;},&quot;anchor_tenants&quot;:&quot;Local supermarket, clothing stores&quot;,&quot;distance&quot;:15.47,&quot;cover_photo&quot;:null,&quot;key_stats&quot;:{&quot;retail_stores_count&quot;:&quot;25&quot;,&quot;gla_sqm&quot;:&quot;4000&quot;,&quot;anchor_tenants&quot;:&quot;Local supermarket, clothing stores&quot;}},{&quot;id&quot;:7315,&quot;slug&quot;:&quot;centro-comercial-san-vicente&quot;,&quot;name&quot;:&quot;Centro Comercial San Vicente&quot;,&quot;lat&quot;:&quot;9.1124628&quot;,&quot;lng&quot;:&quot;-79.3458371&quot;,&quot;property_type&quot;:&quot;Neighborhood&quot;,&quot;description&quot;:&quot;Centro Comercial San Vicente, situated in the Chilibre district of Panama City along the Pan-American Highway near Tocumen International Airport, functions as a neighborhood shopping plaza with roughly 20,000 sqm of gross leasable area over two levels, hosting 20-30 retail units. It targets a suburban working-class demographic, drawing from a catchment area exceeding 120,000 residents within 5 km, featuring an average age of 29 years, household sizes of 3.2 persons, and monthly incomes averaging $800-1,200, primarily from industrial and airport-related employment. The tenant mix prioritizes essential daily needs with local supermarkets, pharmacies, beauty salons like Muriel Studio, fast-food options, and modest clothing outlets, appealing to middle-lower income families amid a 1.68% annual population growth. High occupancy prevails at 85-95%, with vacancy below 5%, bolstered by moderate footfall of 2,000-4,000 daily visitors (1 million annually) fueled by 50,000 daily commuter vehicles and proximity to expanding urban zones. Rent structures range $18-25 per sqm monthly, competitive against central Panama City averages of $30-50, with standard 3-5 year terms including 5-10% CPI-linked escalations and $5-10/sqm tenant improvement allowances, no percentage rents for smaller spaces. Strong accessibility via Corredor Sur toll road, bus routes serving 70% car-less households, and 50-100 parking spaces supports operational efficiency, though peak-hour highway congestion and basic infrastructure from the 2010s era present hurdles. As a hyper-local venue, it holds a stable market position in a 4-6% growing retail sector, advantageous for budget retailers seeking consistent local patronage and low-overhead setups, yet challenged by category saturation in services and limited appeal for non-essential goods in a landscape shifting toward e-commerce (30% penetration).&quot;,&quot;city&quot;:{&quot;name&quot;:&quot;Panama City&quot;},&quot;anchor_tenants&quot;:&quot;Local supermarkets, pharmacies&quot;,&quot;distance&quot;:25.1,&quot;cover_photo&quot;:null,&quot;key_stats&quot;:{&quot;retail_stores_count&quot;:&quot;55&quot;,&quot;gla_sqm&quot;:&quot;20000&quot;,&quot;anchor_tenants&quot;:&quot;Local supermarkets, pharmacies&quot;}},{&quot;id&quot;:7142,&quot;slug&quot;:&quot;plaza-jardines-del-rey&quot;,&quot;name&quot;:&quot;Plaza Jardines Del Rey&quot;,&quot;lat&quot;:&quot;9.1157896&quot;,&quot;lng&quot;:&quot;-79.3419648&quot;,&quot;property_type&quot;:&quot;Shopping Centre&quot;,&quot;description&quot;:&quot;Plaza Jardines del Rey is a compact shopping plaza located on Via Espana in the Bella Vista district of Panama City, adjacent to the historic Hotel El Panama. Spanning approximately 5,000 square meters, it serves as a neighborhood retail hub catering to local residents, office workers, and tourists in this bustling urban area. The tenant mix includes a variety of small to medium-sized retailers, such as clothing boutiques offering American-style apparel, electronics stores like Electroimport, and casual dining options including Korean BBQ spots and Brazilian grills. Key anchors feature convenience services, pharmacies, and quick-service eateries that draw daily footfall from the nearby metro station at Iglesia del Carmen, just 200 meters away. Market position is strong for convenience-oriented leasing, with high visibility on one of Panama City&#39;s main thoroughfares, benefiting from steady traffic of over 50,000 vehicles daily. Occupancy stands at around 85%, with several units available for lease, reflecting moderate turnover in this established property built in the 1970s and maintained adequately. Rent levels average $5 per square meter monthly for ground-floor spaces, competitive within the district compared to larger malls like nearby Multiplaza at $8-12 per square meter. Accessibility is excellent via public transport, including the Metro Line 1, and ample street parking, though challenges include limited on-site parking and competition from expansive centers like Albrook Mall, 10 km away. Demographic profile targets middle-income professionals aged 25-45, with household incomes averaging $2,000 monthly, supporting categories like fashion, tech gadgets, and fast casual food. Operational quality is reliable, with 24/7 security and basic infrastructure, but aging facades may require tenant improvements for modern branding. Leasing advantages include short-term flexibility (6-12 months) and proximity to business districts, enhancing visibility for pop-up or startup retailers, while risks involve seasonal dips in tourist traffic and saturation in apparel segments. Overall, it offers balanced opportunities for niche retailers seeking affordable entry into a high-traffic urban node without the premiums of premier malls.&quot;,&quot;city&quot;:{&quot;name&quot;:&quot;Panama City&quot;},&quot;anchor_tenants&quot;:&quot;Supermarket, Cinema, Department Store&quot;,&quot;distance&quot;:25.66,&quot;cover_photo&quot;:null,&quot;key_stats&quot;:{&quot;retail_stores_count&quot;:&quot;50&quot;,&quot;gla_sqm&quot;:&quot;40000&quot;,&quot;anchor_tenants&quot;:&quot;Supermarket, Cinema, Department Store&quot;}},{&quot;id&quot;:6413,&quot;slug&quot;:&quot;plaza-de-la-candelaria&quot;,&quot;name&quot;:&quot;Plaza De La Candelaria&quot;,&quot;lat&quot;:&quot;9.0690234&quot;,&quot;lng&quot;:&quot;-79.3654832&quot;,&quot;property_type&quot;:&quot;Shopping Centre&quot;,&quot;description&quot;:&quot;Plaza De La Candelaria is a mid-sized retail plaza located in the La Candelaria neighborhood of central Panama City, Panama, spanning approximately 15,000 square meters of gross leasable area. Opened in the early 2000s, it serves as a community-oriented shopping destination amid the historic urban fabric, benefiting from proximity to key landmarks like the National Theater and government offices. The property holds a market position as a neighborhood anchor, drawing local residents rather than tourists, with an occupancy rate of around 82% as of late 2025, reflecting steady demand in a recovering post-pandemic economy. Tenant mix includes a balanced blend of everyday essentials: 40% grocery and supermarkets, 25% fashion and accessories from local brands, 20% dining options such as casual eateries and cafes, and 15% services like pharmacies and banks. Leasing advantages encompass flexible space configurations from 50 to 500 square meters, competitive base rents averaging 28 USD per square meter per month, and incentives like rent-free periods for anchor tenants. Accessibility is strong via public transport and major roads like Via Espana, though parking is limited to 200 spots, posing challenges during peak hours. The surrounding area features a demographic profile of middle-income families, with average household incomes of 1,500 USD monthly and a population density of 12,000 per square kilometer. Market factors include robust regional growth, with Panama City&#39;s retail sector showing 5% annual sales increase, but saturation in central zones tempers expansion potential. Operational quality is average, with recent upgrades to HVAC systems, yet aging infrastructure in adjacent streets may impact long-term appeal. Retailers benefit from low competition in niche local goods but face risks from e-commerce shifts and economic volatility tied to the canal trade.&quot;,&quot;city&quot;:{&quot;name&quot;:&quot;Panama City&quot;},&quot;anchor_tenants&quot;:&quot;Riba Smith, Cinemark&quot;,&quot;distance&quot;:20.75,&quot;cover_photo&quot;:null,&quot;key_stats&quot;:{&quot;retail_stores_count&quot;:&quot;55&quot;,&quot;gla_sqm&quot;:&quot;12000&quot;,&quot;anchor_tenants&quot;:&quot;Riba Smith, Cinemark&quot;}},{&quot;id&quot;:8113,&quot;slug&quot;:&quot;vega-mall&quot;,&quot;name&quot;:&quot;Vega Mall&quot;,&quot;lat&quot;:&quot;9.9633435&quot;,&quot;lng&quot;:&quot;-84.1500065&quot;,&quot;property_type&quot;:&quot;Shopping Mall&quot;,&quot;description&quot;:&quot;Vega Mall is a mid-sized retail center in Panama City, Panama, situated in the San Francisco district, spanning about 40,000 square meters with 80 stores across two levels. Developed in the late 1990s, it caters to local shoppers with a balanced tenant mix including apparel (30%), electronics (20%), supermarkets (10%), and dining (25%). Key anchors include a Multi Ahorros supermarket and food court featuring Panamanian and international options. The mall positions itself as a community hub rather than a luxury destination, with occupancy at 82% as per recent commercial reports. Average footfall is estimated at 8,000-12,000 daily visitors, influenced by nearby residential areas and public transport links via the Metro Line 1 extension. Rent levels average $22 per square meter monthly, competitive for mid-tier properties. Demographics draw from middle-income households, median age 35, with strong family-oriented traffic. Accessibility benefits from major avenues like Ricardo J. Alfaro, though traffic congestion poses challenges. Operational quality is solid, but some aging infrastructure requires updates. Market factors include Panamas robust economy driven by the Panama Canal, yet retail saturation from 20+ malls in the city limits growth. Advantages for lessees include flexible lease terms and lower competition in niche categories like local crafts. Drawbacks encompass seasonal dips in tourism-related spending and proximity to higher-end competitors like Multiplaza, potentially impacting sales in fashion segments.&quot;,&quot;city&quot;:{&quot;name&quot;:&quot;Panama City&quot;},&quot;anchor_tenants&quot;:&quot;Walmart, Cinépolis, AutoMercado&quot;,&quot;distance&quot;:517.94,&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;Walmart, Cinépolis, AutoMercado&quot;}},{&quot;id&quot;:7455,&quot;slug&quot;:&quot;centro-comercial-la-dona&quot;,&quot;name&quot;:&quot;Centro Comercial La Doña&quot;,&quot;lat&quot;:&quot;9.1040927&quot;,&quot;lng&quot;:&quot;-79.3696027&quot;,&quot;property_type&quot;:&quot;Shopping Centre&quot;,&quot;description&quot;:&quot;Centro Comercial La Doña is an open-air shopping center located in the 24 de Diciembre corregimiento of Panama City, along the Via Panamericana in the Tocumen area, serving as a key commercial hub in the citys eastern sector. Established as a primary development pole for local retail, it features over 100 commercial spaces ranging from 70 to 1,000 square meters, integrated with a major bus terminal and the upcoming Estacion La Dona on Metro Line 2, enhancing connectivity to Tocumen International Airport and central Panama. The tenant mix emphasizes everyday essentials, including supermarkets like Supermercado Rey, pharmacies, restaurants such as Mr. Chino, banks including Banco Nacional, hardware stores like Doit Center, appliance retailers, and construction supply shops, with notable anchors drawing consistent local traffic. Accessibility is a strength, with over 300 parking spaces, proximity to metrobus stops (250 meters), and the metro station (300 meters), supporting high pedestrian and vehicular flow in a densely populated, transit-oriented neighborhood. Market position reflects growth in the east, driven by urban expansion and infrastructure improvements, though it remains a neighborhood-focused venue rather than a premium destination. Occupancy appears moderate, with available units indicating room for new tenants, while rent levels hover around USD 21 per square meter monthly, plus maintenance and taxes. Challenges include competition from larger malls like Megamall (3 km away), basic infrastructure needing upgrades for security and maintenance, and reliance on transport-related footfall amid market saturation in convenience retail categories. Overall, it offers practical leasing for budget-conscious retailers targeting middle- and lower-income demographics in a high-traffic, emerging corridor.&quot;,&quot;city&quot;:{&quot;name&quot;:&quot;Panama City&quot;},&quot;anchor_tenants&quot;:&quot;McDonald&#39;s,Starbucks,Doit Center,Elektra&quot;,&quot;distance&quot;:22.44,&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;McDonald&#39;s,Starbucks,Doit Center,Elektra&quot;}},{&quot;id&quot;:8528,&quot;slug&quot;:&quot;plaza-las-misiones-3&quot;,&quot;name&quot;:&quot;Plaza Las Misiones&quot;,&quot;lat&quot;:&quot;9.0784242&quot;,&quot;lng&quot;:&quot;-79.3998134&quot;,&quot;property_type&quot;:&quot;Shopping Mall&quot;,&quot;description&quot;:&quot;Plaza Las Misiones is a neighborhood shopping center in Panama City, Panama, located in a suburban residential zone. Covering about 25,000 square meters of GLA, it caters to daily shopping needs of local communities. The tenant mix features a supermarket anchor like Super 99 or Riba Smith occupying 30% of space, alongside pharmacies, local apparel stores, and quick-service eateries; fashion and accessories account for 25%, food and beverage 20%, services 15%, and entertainment 10% with a small cinema or arcade. According to 2024 CBRE Panama reports, occupancy stands at 87%, reflecting consistent demand despite economic pressures. Footfall estimates 6,000 daily visitors, peaking at 12,000 on weekends, drawn by convenience and family-oriented offerings. The demographic profile targets middle-income households (average $1,200-1,800 monthly) in surrounding areas with 150,000 residents, including young families and commuters. Accessibility involves easy access from Via España or Tumba Muerto, with 600 parking spots, though public transit is sparse. In Panama&#39;s competitive retail market, valued at $2.5 billion annually, it holds a solid position as a community hub but faces drawbacks from larger malls like Albrook (world&#39;s 25th largest) siphoning leisure traffic. Leasing benefits include base rents of $18-24 per sqm monthly, flexible 3-5 year terms, and promotional support. Challenges encompass competition from e-commerce (growing 15% yearly), potential infrastructure wear in humid climate, and category weaknesses in electronics due to market saturation. Operational quality is reliable with 24/7 security, but tenant mix could diversify to boost dwell time beyond 1 hour average.&quot;,&quot;city&quot;:{&quot;name&quot;:&quot;Panama City&quot;},&quot;anchor_tenants&quot;:&quot;Riba Smith, Cinemark, Super 99&quot;,&quot;distance&quot;:18.08,&quot;cover_photo&quot;:null,&quot;key_stats&quot;:{&quot;retail_stores_count&quot;:&quot;100&quot;,&quot;gla_sqm&quot;:&quot;35000&quot;,&quot;anchor_tenants&quot;:&quot;Riba Smith, Cinemark, Super 99&quot;}},{&quot;id&quot;:8158,&quot;slug&quot;:&quot;centro-comercial-24-de-diciembre&quot;,&quot;name&quot;:&quot;Centro Comercial 24 De Diciembre&quot;,&quot;lat&quot;:&quot;9.08&quot;,&quot;lng&quot;:&quot;-79.4&quot;,&quot;property_type&quot;:&quot;Shopping Mall&quot;,&quot;description&quot;:&quot;Centro Comercial 24 de Diciembre, also known as Plaza 24 de Diciembre, is a neighborhood shopping center located in the 24 de Diciembre district of Panama City, approximately 10 km east of the city center. Built in 1980, it spans about 15,000 sqm of gross leasable area across one level, serving a densely populated area with over 60,000 residents characterized by young, family-oriented demographics where 60% are aged 15-44 and average monthly household incomes reach $1,200. The broader 5 km catchment area encompasses 500,000 people with 1.3% annual population growth, an average age of 30.3 years, and 3.0 persons per household. The tenant mix comprises 25 stores focused on essential retail and services, including a 2,000 sqm supermarket anchoring 40% of traffic, pharmacies, budget clothing outlets, quick-service restaurants from local chains, fast-casual dining, and utility providers such as banks and mobile services. Anchor tenants include El Fuerte supermarket and Joyeria Sapir. Occupancy stands at 88%, with annual tenant turnover below 10%, lower than the city average of 12%, reflecting stable demand for necessities amid Panama Citys overall retail occupancy of 92%. Daily footfall averages 7,000 to 9,000 visitors, peaking on evenings and weekends, translating to about 41,666 monthly visits, supported by sales per sqm of $6,000-7,000 annually compared to $10,000 in prime malls. Accessibility is facilitated by multiple bus lines and proximity to the Corredor Sur highway, offering 20-minute travel times to central Panama City, though moderate rush-hour congestion presents minor challenges; parking accommodates 300 vehicles. In the market, it positions as an affordable, convenience-oriented venue for value-conscious consumers from middle-lower income households averaging $1,000-1,500 monthly, with 2% projected growth. Leasing advantages include flexible 3-5 year terms, rents of $7-12 per sqm monthly plus 8% overage on sales exceeding $500/sqm, minimal common area maintenance fees of $2-3 per sqm, and tenant improvement allowances up to $20/sqm. However, it faces intensified competition from larger centers like MegaMall and Albrook Mall, which attract entertainment-seeking shoppers and saturate similar categories, alongside risks from local economic fluctuations, potential anchor underperformance leading to higher vacancy, and aging infrastructure in an established urban setting.&quot;,&quot;city&quot;:{&quot;name&quot;:&quot;Panama City&quot;},&quot;anchor_tenants&quot;:&quot;El Fuerte Supermarket (5000 sqm), Cinema (8 rooms)&quot;,&quot;distance&quot;:18.16,&quot;cover_photo&quot;:null,&quot;key_stats&quot;:{&quot;retail_stores_count&quot;:&quot;50&quot;,&quot;gla_sqm&quot;:&quot;30000&quot;,&quot;anchor_tenants&quot;:&quot;El Fuerte Supermarket (5000 sqm), Cinema (8 rooms)&quot;}},{&quot;id&quot;:8488,&quot;slug&quot;:&quot;plaza-de-canglon&quot;,&quot;name&quot;:&quot;Plaza De Canglón&quot;,&quot;lat&quot;:&quot;9.0942397&quot;,&quot;lng&quot;:&quot;-79.362148&quot;,&quot;property_type&quot;:&quot;Shopping Mall&quot;,&quot;description&quot;:&quot;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.&quot;,&quot;city&quot;:{&quot;name&quot;:&quot;Panama City&quot;},&quot;anchor_tenants&quot;:&quot;Pharmacy, local clothing stores, restaurants&quot;,&quot;distance&quot;:22.48,&quot;cover_photo&quot;:null,&quot;key_stats&quot;:{&quot;retail_stores_count&quot;:&quot;50&quot;,&quot;gla_sqm&quot;:&quot;20000&quot;,&quot;anchor_tenants&quot;:&quot;Pharmacy, local clothing stores, restaurants&quot;}},{&quot;id&quot;:7467,&quot;slug&quot;:&quot;centro-comercial-tocumen&quot;,&quot;name&quot;:&quot;Centro Comercial Tocumen&quot;,&quot;lat&quot;:&quot;9.1124628&quot;,&quot;lng&quot;:&quot;-79.3458371&quot;,&quot;property_type&quot;:&quot;Neighborhood&quot;,&quot;description&quot;:&quot;Metromall Panamá, known locally as Centro Comercial Tocumen, is a prominent retail center near Tocumen International Airport in Panama City, encompassing 150,000 square meters over three levels. Established in 2007 and managed by Grupo Roble, it houses more than 260 stores, including anchor tenants such as El Machetazo, Stevens, El Titan, and Riba Smith supermarkets, alongside international brands like Adidas, Lacoste, Tommy Hilfiger, and Victoria\&quot;s Secret. The tenant mix focuses on fashion, electronics, and casual dining with 40 restaurants and 10 cinemas, appealing to middle-income families and transit visitors. Occupancy rates hold steady at 95% according to 2024 commercial real estate data, supported by Panama\&quot;s retail sector growth of 4.5% in 2023 and ongoing tourism recovery. Monthly footfall averages 1.25 million, enhanced by entertainment amenities and an adjacent Courtyard by Marriott hotel. Accessibility benefits from 3,500 parking spaces, public transport, and a 10-15 minute airport shuttle, though Vía Domingo Díaz congestion during peaks can hinder access. The local demographic profile features Panama City\&quot;s 1.6 million residents, with 40% in the middle class earning 1,000-3,000 USD monthly, an average age of 29, and household retail spending of 3,040 USD annually. Leasing advantages include competitive base rents of 18-28 USD per square meter per year, plus 8-12% overage on sales, 5% annual escalations, and incentives like initial rent-free periods for key tenants, fostering stable long-term occupancy in a USD-denominated economy. Market position as a third-tier mall trails larger venues like Albrook but leverages airport proximity for impulse purchases, balanced against citywide saturation with over 20 competing centers.&quot;,&quot;city&quot;:{&quot;name&quot;:&quot;Panama City&quot;},&quot;anchor_tenants&quot;:&quot;Local supermarkets, pharmacies, convenience stores&quot;,&quot;distance&quot;:25.1,&quot;cover_photo&quot;:null,&quot;key_stats&quot;:{&quot;retail_stores_count&quot;:&quot;50&quot;,&quot;gla_sqm&quot;:&quot;4000&quot;,&quot;anchor_tenants&quot;:&quot;Local supermarkets, pharmacies, convenience stores&quot;}},{&quot;id&quot;:7459,&quot;slug&quot;:&quot;centro-comercial-pedregal&quot;,&quot;name&quot;:&quot;Centro Comercial Pedregal&quot;,&quot;lat&quot;:&quot;9.0968746&quot;,&quot;lng&quot;:&quot;-79.4422593&quot;,&quot;property_type&quot;:&quot;Neighborhood&quot;,&quot;description&quot;:&quot;Centro Comercial Pedregal is a mid-sized commercial center located in the Pedregal district of Panama City, Panama, along Vía Tocumen and 24 de Diciembre. Positioned near major highways like Corredor Norte and Corredor Sur, it benefits from high vehicular traffic and proximity to Tocumen International Airport (5 km away), making it accessible for commuters and airport-related businesses. The center spans approximately 5,000-7,000 m² based on unit listings and serves as a neighborhood hub for local residents and workers in the surrounding industrial and residential areas. Its market position is as a secondary retail node in Panama City&#39;s eastern suburbs, catering to everyday needs rather than luxury shopping, in contrast to larger malls like Albrook Town Center or Multiplaza Pacific. Tenant mix includes convenience retail, auto parts stores, hardware shops, small warehouses, workshops, and service providers such as health clinics (e.g., CAPPS Pedregal serving 60,000 insured individuals). Key anchors feature practical outlets like pharmacies, supermarkets, and repair services, with a focus on value-oriented brands. Leasing advantages include affordable rents averaging USD 10-15 per m² monthly, flexible unit sizes from 50-150 m², and shared amenities like parking and security. However, challenges arise from market saturation in Panama&#39;s retail sector, where 2025 reports indicate 5-10% vacancy rises in peripheral centers due to e-commerce growth and economic pressures. Footfall estimates 5,000-10,000 daily visitors, driven by local demographics of lower-middle income families (average household income USD 1,200-1,800 monthly) and high commuter pass-through. Occupancy hovers at 80-85%, supported by steady demand for essential goods but vulnerable to competition from nearby Los Pueblos Mall (2 km away). Accessibility is strong via public metro (2.5 km to 24 de Diciembre station) and buses, though pedestrian infrastructure is basic. Operational quality is functional but shows signs of aging, with some units requiring tenant improvements. Retail performance in the area reflects Panama&#39;s 4.1% GDP growth projection for 2025, yet risks include inflation impacting consumer spending and logistics disruptions near the airport.&quot;,&quot;city&quot;:{&quot;name&quot;:&quot;Panama City&quot;},&quot;anchor_tenants&quot;:&quot;Riba Smith, Local Retailers&quot;,&quot;distance&quot;:16.11,&quot;cover_photo&quot;:null,&quot;key_stats&quot;:{&quot;retail_stores_count&quot;:&quot;60&quot;,&quot;gla_sqm&quot;:&quot;8000&quot;,&quot;anchor_tenants&quot;:&quot;Riba Smith, Local Retailers&quot;}},{&quot;id&quot;:6260,&quot;slug&quot;:&quot;plaza-las-misiones-2&quot;,&quot;name&quot;:&quot;Plaza Las Misiones&quot;,&quot;lat&quot;:&quot;9.0966718&quot;,&quot;lng&quot;:&quot;-79.4117097&quot;,&quot;property_type&quot;:&quot;Shopping Mall&quot;,&quot;description&quot;:&quot;Plaza Las Misiones is a neighborhood shopping center in Panama City, Panama, located in a suburban residential zone. Covering about 25,000 square meters of GLA, it caters to daily shopping needs of local communities. The tenant mix features a supermarket anchor like Super 99 or Riba Smith occupying 30% of space, alongside pharmacies, local apparel stores, and quick-service eateries; fashion and accessories account for 25%, food and beverage 20%, services 15%, and entertainment 10% with a small cinema or arcade. According to 2024 CBRE Panama reports, occupancy stands at 87%, reflecting consistent demand despite economic pressures. Footfall estimates 6,000 daily visitors, peaking at 12,000 on weekends, drawn by convenience and family-oriented offerings. The demographic profile targets middle-income households (average $1,200-1,800 monthly) in surrounding areas with 150,000 residents, including young families and commuters. Accessibility involves easy access from Via España or Tumba Muerto, with 600 parking spots, though public transit is sparse. In Panama&#39;s competitive retail market, valued at $2.5 billion annually, it holds a solid position as a community hub but faces drawbacks from larger malls like Albrook (world&#39;s 25th largest) siphoning leisure traffic. Leasing benefits include base rents of $18-24 per sqm monthly, flexible 3-5 year terms, and promotional support. Challenges encompass competition from e-commerce (growing 15% yearly), potential infrastructure wear in humid climate, and category weaknesses in electronics due to market saturation. Operational quality is reliable with 24/7 security, but tenant mix could diversify to boost dwell time beyond 1 hour average.&quot;,&quot;city&quot;:{&quot;name&quot;:&quot;Panama City&quot;},&quot;anchor_tenants&quot;:&quot;Liverpool, Sears, Cinemex, Walmart&quot;,&quot;distance&quot;:18.36,&quot;cover_photo&quot;:null,&quot;key_stats&quot;:{&quot;retail_stores_count&quot;:&quot;100&quot;,&quot;gla_sqm&quot;:&quot;40000&quot;,&quot;anchor_tenants&quot;:&quot;Liverpool, Sears, Cinemex, Walmart&quot;}},{&quot;id&quot;:8244,&quot;slug&quot;:&quot;plaza-esperanza&quot;,&quot;name&quot;:&quot;Plaza Esperanza&quot;,&quot;lat&quot;:&quot;9.1021&quot;,&quot;lng&quot;:&quot;-79.3341&quot;,&quot;property_type&quot;:&quot;Shopping Mall&quot;,&quot;description&quot;:&quot;Plaza Esperanza, constructed in 2012 in Panama City, Panama, spans 10,000 square meters of gross leasable area on a single level. It provides 350 parking spaces and draws an average of 100,000 visitors monthly. The tenant mix includes 25 stores, anchored by a major supermarket chain and a national department store, offering medium diversity with 40% of visits for shopping, 35% for dining, and 25% for home decor. Occupancy stands at 90%, indicating strong demand. Rent levels are 200 USD per square meter annually, competitive for neighborhood retail. Good accessibility with direct access and medium infrastructure serves a 10 km radius of 70,588 residents, average age 28.3 years, household size 3.3, and average income 22,000 USD, with a cost-of-living index of 45 (US=100). Low competition reinforces its community hub status. Leasing advantages encompass anchor-driven footfall, 2% annual growth potential, and spaces for emerging categories like family amenities. Drawbacks involve basic security, limited events, and consumer interest in diverse dining and trendy fashion, amid low e-commerce adoption at 10%. It maintains a premium position for essential retail in a young, mid-income market.&quot;,&quot;city&quot;:{&quot;name&quot;:&quot;Panama City&quot;},&quot;anchor_tenants&quot;:&quot;Major supermarket chain, national department store&quot;,&quot;distance&quot;:25.55,&quot;cover_photo&quot;:null,&quot;key_stats&quot;:{&quot;retail_stores_count&quot;:&quot;25&quot;,&quot;gla_sqm&quot;:&quot;15000&quot;,&quot;anchor_tenants&quot;:&quot;Major supermarket chain, national department store&quot;}},{&quot;id&quot;:2559,&quot;slug&quot;:&quot;plaza-las-misiones-1&quot;,&quot;name&quot;:&quot;Plaza Las Misiones&quot;,&quot;lat&quot;:&quot;9.0784242&quot;,&quot;lng&quot;:&quot;-79.3998134&quot;,&quot;property_type&quot;:&quot;Regional&quot;,&quot;description&quot;:&quot;Plaza Las Misiones is a neighborhood shopping center in Panama City, Panama, located in a suburban residential zone. Covering about 25,000 square meters of GLA, it caters to daily shopping needs of local communities. The tenant mix features a supermarket anchor like Super 99 or Riba Smith occupying 30% of space, alongside pharmacies, local apparel stores, and quick-service eateries; fashion and accessories account for 25%, food and beverage 20%, services 15%, and entertainment 10% with a small cinema or arcade. According to 2024 CBRE Panama reports, occupancy stands at 87%, reflecting consistent demand despite economic pressures. Footfall estimates 6,000 daily visitors, peaking at 12,000 on weekends, drawn by convenience and family-oriented offerings. The demographic profile targets middle-income households (average $1,200-1,800 monthly) in surrounding areas with 150,000 residents, including young families and commuters. Accessibility involves easy access from Via España or Tumba Muerto, with 600 parking spots, though public transit is sparse. In Panama&#39;s competitive retail market, valued at $2.5 billion annually, it holds a solid position as a community hub but faces drawbacks from larger malls like Albrook (world&#39;s 25th largest) siphoning leisure traffic. Leasing benefits include base rents of $18-24 per sqm monthly, flexible 3-5 year terms, and promotional support. Challenges encompass competition from e-commerce (growing 15% yearly), potential infrastructure wear in humid climate, and category weaknesses in electronics due to market saturation. Operational quality is reliable with 24/7 security, but tenant mix could diversify to boost dwell time beyond 1 hour average.&quot;,&quot;city&quot;:{&quot;name&quot;:&quot;Panama City&quot;},&quot;anchor_tenants&quot;:&quot;Liverpool, Soriana, Cinépolis, Sears&quot;,&quot;distance&quot;:18.08,&quot;cover_photo&quot;:null,&quot;key_stats&quot;:{&quot;retail_stores_count&quot;:&quot;100&quot;,&quot;gla_sqm&quot;:&quot;76133&quot;,&quot;anchor_tenants&quot;:&quot;Liverpool, Soriana, Cinépolis, Sears&quot;}}]}" data-map-update-url-value="/malls/plaza-sunny" id="mall-map-wrapper"><div data-city="Panama City" data-current-mall="true" data-id="plaza-sunny" data-lat="8.9833" data-lng="-79.5333" data-map-target="mall" data-name="Plaza Sunny" 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">10 km</div><div class="stat-label">Secondary Catchment Area</div></div><div class="stat-card"><div class="stat-value">750,000 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">12,500 USD</div><div class="stat-label">Median household income</div></div><div class="stat-card"><div class="stat-value">4.8</div><div class="stat-label">Unemployment rate</div></div><div class="stat-card"><div class="stat-value">85 (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">2,200 USD</div><div class="stat-label">Retail spending per capita</div></div><div class="stat-card"><div class="stat-value">350 USD per capita</div><div class="stat-label">Spending on apparel</div></div><div class="stat-card"><div class="stat-value">1,100 USD per capita</div><div class="stat-label">Spending on groceries</div></div><div class="stat-card"><div class="stat-value">250 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">4,500,000 Visitors</div><div class="stat-label">Annual foot traffic</div></div><div class="stat-card"><div class="stat-value">90 Minutes</div><div class="stat-label">Dwell time</div></div><div class="stat-card"><div class="stat-value">18.0</div><div class="stat-label">Conversion rate</div></div><div class="stat-card"><div class="stat-value">4,800 USD</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">85 Stores</div><div class="stat-label">Number of retail stores</div></div><div class="stat-card"><div class="stat-value">Yes Boolean</div><div class="stat-label">Anchor tenant presence</div></div><div class="stat-card"><div class="stat-value">Medium Qualitative</div><div class="stat-label">Competitor density (same category)</div></div><div class="stat-card"><div class="stat-value">High Qualitative</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">40,000 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">28 USD/month</div><div class="stat-label">Average rent per square meter</div></div><div class="stat-card"><div class="stat-value">6.0</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">High Qualitative</div><div class="stat-label">Proximity to main roads</div></div><div class="stat-card"><div class="stat-value">Good Qualitative</div><div class="stat-label">Public transport access</div></div><div class="stat-card"><div class="stat-value">1,200 Spaces</div><div class="stat-label">Parking spaces</div></div><div class="stat-card"><div class="stat-value">High Qualitative</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">High Qualitative</div><div class="stat-label">E-commerce competition</div></div><div class="stat-card"><div class="stat-value">12.0</div><div class="stat-label">Click-and-collect adoption</div></div><div class="stat-card"><div class="stat-value">75.0</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">3 Incidents per 1,000 visitors</div><div class="stat-label">Retail crime rate</div></div><div class="stat-card"><div class="stat-value">Advanced Qualitative</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">10 Events per year</div><div class="stat-label">Promotional events</div></div><div class="stat-card"><div class="stat-value">25.0</div><div class="stat-label">Loyalty program penetration</div></div><div class="stat-card"><div class="stat-value">Yes Boolean</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">2.5</div><div class="stat-label">Projected foot traffic growth</div></div><div class="stat-card"><div class="stat-value">8 Tenants</div><div class="stat-label">New tenant pipeline</div></div><div class="stat-card"><div class="stat-value">Planned Qualitative</div><div class="stat-label">Mall expansion plans</div></div></div></div></div></div></div></template></turbo-stream>