Plaza Tabernilla, Panama City — Stores, Map & Hours

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Brand Fit Snapshot

Best for:

Local ServicesHealth & WellnessSpecialty RetailMixed-Use & Office TrafficDaily Essentials & Grocery

Not ideal if:

Large Footprint RetailDestination RetailEntertainment Concepts

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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.

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Hours of Operation

Hours

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

Holiday Hours

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

Calle Tabernilla, Panama City, Panama

Insights

Demographics and Footfall

Punta Paitillas demographic consists of high-income professionals, executives from finance and logistics sectors, and families residing in luxury condos, with average household incomes over $50,000 and a notable expatriate and Jewish population. This supports steady footfall from nearby residents and office workers, estimated at moderate levels for a neighborhood center, though lacking specific metrics. Strengths include targeted consumer spending on services and convenience items, but risks involve limited draw from tourists or broader demographics, potentially capping growth in non-essential retail categories amid Panamas urban market dynamics.

Competition and Accessibility

Intense competition stems from neighboring Multicentro Mall, featuring diverse anchors like supermarkets and cinemas that capture higher footfall and sales volume. Plaza Tabernillas accessibility via Avenida Balboa, bus stops, and Corredor Sur facilitates employee and customer reach, with ample parking mitigating urban constraints. However, traffic congestion during rush hours presents operational risks, including delayed deliveries and reduced visit frequency, while the propertys focus on professional tenants may limit retail synergy compared to larger venues like Albrook Mall.

Lease Terms and Risks

Rent levels range from $20-30 per square meter monthly, with sales potential at $1,200 per square meter annually, offering cost-effective positioning against premium sites like Soho Mall. Flexible lease terms accommodate short-term needs for contractors tied to infrastructure projects, including utilities in some packages. Key risks encompass tenant mix imbalances favoring offices over retail, potential occupancy fluctuations from economic shifts in Panamas logistics sector, and maintenance demands from older building elements, advising thorough due diligence on category performance and exit clauses.