Panama: After Houses Come Shopping Malls

The number of square meters of shopping centers and malls under construction amounts to 538,000, most of which is concentrated in the east of the capital and surrounding areas.

Tuesday, August 30, 2016

Restaurants, pharmacies, supermarkets, banks and other premises predominate in the shopping centers and malls that are being built mainly on the outskirts of the city, where the supply of residential property is increasing, leading to a need for complementary commercial services. 

You may want to read "Panama: Shopping Mall for $27 million"

Martesfinanciero.com reports that "... according to CBRE Panama, in the second half of 2015 the market for these projects grew by 11.2% compared to the previous half year, totaling 449 million 449 thousand square meters. At present there are 538 thousand 383 square meters under construction and they predominate in the eastern outskirts of the capital in the areas adjacent to the via Tocumen, Juan Diaz, Villa Lucre, Las Mananitas, La Doña and Brisas del Golf; and in the capital in the area of San Francisco."

See also: "Panama: $35 million in Construction Projects"

"... Towards the east sector of Panama City the Brisas Mall project is being developed, located in the Brisas del Golf residential complex. Jimmy Yohoros, director of Emporium Developers, S.A., the real estate developer promoting the project, indicated that the opening of the shopping malls is due to demand from residents to have everything closer to their homes. This trend is result of the distances involved and vehicular traffic. "

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Comercialization of Urbanization Commercial Mall construction and Comercialization Construction and comercialization of Industrial and logistic buildings. Housing Construction Projects
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