Are you looking for a place in Panama City?
Investing in commercial space in Panama City can be a wise decision due to the city's dynamic economy and constant growth. Some of the best areas to invest in commercial space in Panama City, considering factors such as footfall, infrastructure, and growth potential, are:
- San Francisco
Features: San Francisco is one of the most modern and commercial areas of the city. It has a large number of restaurants, shops, and offices.
Advantages: High traffic and a middle- to high-income population. It also has excellent infrastructure and accessibility.
- Obarrio
Characteristics: Known as a business and commercial area, Obarrio is home to many offices, banks and shops.
Advantages: High business density and pedestrian traffic. It's one of the safest areas with good return on investment potential.
- East Coast
Features: One of the most exclusive and modern areas of the city. Many multinational corporations and high-end residences are located here.
Advantages: Steady growth and great appeal for premium businesses. Good long-term investment opportunities.
- Old Town
Features: The historic city center, known for its colonial and tourist charm, has undergone extensive investment and renovation in recent years.
Advantages: Tourist and cultural influx, which benefits businesses related to tourism, gastronomy, and culture. Potential for property value appreciation.
- The Crab
Features: A vibrant, bohemian area known for its nightlife, restaurants, and cultural activities.
Advantages: Popular with young professionals and students. High pedestrian traffic and opportunities for innovative businesses and entertainment.
- Albrook
Features: Located near Albrook Airport and the National Transportation Center, it is a residential and commercial area with shopping centers and department stores.
Advantages: Good accessibility and easy access to local and tourist traffic. Ideal for businesses serving a diverse audience.
- Balboa Avenue: With ocean views and proximity to the financial center, it's an excellent option for businesses seeking visibility and accessibility.
Conclusion
Each of these areas has its own unique profile and advantages, so the best option will depend on the type of business you want to establish and your available budget. However, all offer a balance of foot traffic, purchasing power, and ongoing development, making them attractive for commercial investment.