Rent increases in PanamaMonday, December 15, 2008 In the industrial segment, the cost per square meter has increase dramatically. According to CB Richard Ellis, the price per meter in 2007 was between 2 and 4 dollars while in 2008 it is now between $5 and $8. Panama: Soaring Prices in Residential MarketTuesday, August 30, 2016 Between the first half of 2015 and the same period in 2016 the average selling price per square meter rose from $2,850 to $3,100 in Class A projects. Data from CBRE Panama reported on by Capital.com.pa reflects the growing demand for residential projects in the capital and its surrounding areas. In the case of Class A residential projects, in the first half of the year an increase was recorded in the average price per square meter, while in the segment of class B projects, stability is reported in prices, "... underpinned by a low availability. " Stable Market for Industrial Parks in PanamaThursday, August 25, 2016 Despite the slowing of the pace of construction of industrial parks and warehouses in the second quarter, rents remained stable. Capital.com states that "... at the end of the second quarter of 2016, construction of industrial parks continued cautiously, going from 350,759 to 317,535 square meters. And, despite the entry of new warehouse spaces in the market, availability remained stable at 7.2%, confirming a high demand." Office Rentals Up 146% in PanamaThursday, April 29, 2010 In the past five years, the average price for renting office space has increased from $13 to $32. According to company CB Richard Ellis (CBRE), the City of Panama has 810.000 square meters of office space available for rent. Panama: Costa del Este Becomes Corporate CenterMonday, April 8, 2013 The mini city has become a target for locating companies in offices which now cost $3000 per square meter. According to an article in Prensa.com "Up to the second half of 2012 there were 139 shops in Costa del Este, with an unemployment rate of 2.23%, one of the lowest in the capital, according to figures from CBRE Panama, consultant real estate. " Panama: Growing Investment in Logistics ParksTuesday, June 11, 2013 During the first six months of 2013 there was a total of 215,000 m2 in construction of logistics parks, where there are already more than 539,000 m2 and an available area of 106,000 m2. An Industrial Market Report for the first half 2013 prepared by the firm CBRE Panama reflects an increase in the construction of logistics parks mainly in the East periphery with 115,803 m2 under construction and 218.182 m2 already constructed, areas which are near Tocumen Airport and which are very accessible to the main location of the projects. Panama: Less New Offices, and at Higher PricesMonday, August 8, 2016 Increases in the average price of office space have been recorded due to less construction of these types of buildings in the first half of the year. Figures from a report by CBRE Panama cited by Capital.com.pa indicate that construction has declined in this segment due to increases in the price of materials and high utility rates, leading to the average price of "... Panama: Investment Boom in Luxury Offices ContinuesWednesday, June 26, 2013 During the first six months of 2013, the Class A office market remained highly dynamic, mainly in the Banking area and Costa del Este. A market study prepared by CBRE Offices Panama, recorded a total of 400,104 square meters under construction in the office market, of which 379,000 are Class A and luxury offices, while 20,685 are Class B and C offices Panama: Growing Demand for Logistics ParksMonday, May 12, 2014 The incentives for investment by multinational companies and free zones explain part of the increase in demand for space by the industrial sector. The development of new industrial parks run by large companies seeking to position themselves as logistics centers, has become the main driver of the property market, which in reports for the last half of 2013 showed an absorption rate of 92%, higher than the 86% recorded in the previous semester. Real Estate Market DeflatesThursday, September 6, 2018 In Panama City a reduction of almost 20% in the prices of residential rents has been reported, particularly in areas that five years ago registered the highest prices in the capital. The high supply of apartments and houses in residential areas has pushed down prices, especially in areas such as Paitilla, Balboa Avenue and Costa del Este, where in 2013 2 and 3 bedroom apartments were rented at prices above $2,000 and $3,000 a month. Panama’s Residential MarketMonday, December 10, 2012 The residential market in Panama City remains stable, with slightly increased demand for Class A buildings at 74%, up 2% on the prior period. CBRE Panama submitted its report on the housing market for the first half of 2012: Panama: Luxury Housing InvestmentMonday, March 25, 2013 At the end of 2012, the luxury Class A apartments accounted for 78% of the units under construction, while the Classes B and C together accounted for 22%. According to a residential market study prepared by the firm CB Richard Ellis Global Research and Consulting (CBRE Panama), at the end of 2012, luxury apartments categorised as Class A, were the most popular in the residential market in Panama, representing 78% of the total units under construction. Meanwhile, Class B and C apartments, amounted to 22%. Over-supply in the Real Estate Market?Monday, November 6, 2017 Reports state that the available supply of office space in square meters in Panama City grew from 18% in July of last year, to 21% in the same month in 2017. A study reported on by Elcapitalfinanciero.com indicates a sustained increase in the available supply of office space in the Panamanian capital, which went from 1,669,189 square meters in July last year, to 1,629,504 in the second half of this year. Panama: High Demand for Industrial WarehousesMonday, June 20, 2016 Growth has been projected in demand for warehouses, especially within industrial parks and a consequent increase in rent prices is predicted. The forthcoming entry into operation of the expanded Canal and the Tocumen airport expansion are two of the factors that have influenced the projected increase in demand for rental of specialized storage warehouses in the medium term. In 2015 the rental price for warehouses "... remained above $9 per square meter, the average sales price in industrial parks amounted to $1,580.00 per square meter and class B warehouses at $935.00 per square meter." Panama: Growing Demand For Beach ApartmentsTuesday, March 8, 2016 An inventory of apartments on the beach front could grow from 400 to over 1,600 units in three years, thanks to demand from domestic and foreign buyers. Buying an apartment on the beach is not a something that only foreigners do in Panama. Although prices range between $200,000 and one million dollars, Panamanians in the high and upper middle class brackets are also positioning themselves as buyers of such properties, according to studies cited by Panamaamerica.com.pa. Important sectors of Punta Chame to Playa Blanca, Farallon, Santa Clara, El Palmar (Hato River) and Rio Mar (San Carlos). |
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