Panama: Growing Investment in Logistics Parks

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.

Tuesday, June 11, 2013

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.

Following the East periphery are the reverted areas (Albrook, Clayton, Corozal and Howard), with 70,000 m 2 under construction and 97,433 m 2 already built for the industrial market, an area where they are built on demand, so they are quickly absorbed when they hit the market. Furthermore, following these areas are the North periphery submarket periphery (Northern of Via Espania and Via Jose Agustin Arango, the northern section of the Via Transístmica, San Miguelito, Via Ricardo J. Alfaro and its vicinity), with $1,707 per square meter.



More on this topic

Panama: High Demand for Industrial Warehouses

June 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 Logistics Parks

May 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.

Panama: Increased Investment in Logistics Parks

March 2013

With strong preference for the vicinity of Tocumen Airport, in 2012 Panama's logistics industry totaled $200 million in investment in new facilities.

Capital.com.pa reports that "according to the Industrial Market Report prepared by the firm CBRE Global Research and Consulting for 2012, the increase of logistics parks and booming growth for such projects, especially with Class A facilities, has allowed those building to improve product delivery and offer advantageous prices for companies on the look out in these areas. "

Panama’s Residential Market

December 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:

The residential market in Panama City has remained stable in the first half of 2012, showing an absorption rate of 74% in Class A buildings compared to 72% in the previous period.

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Grupo Williams

Comercialization of Urbanization Commercial Mall construction and Comercialization Construction and comercialization of Industrial and logistic buildings. Housing Construction Projects
Operates in Honduras
Phone: (504) 2694241 - (504) 2694240

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