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Commercial real estate in Panama is a good investment. Panama’s economy is not going into a recession. Panama is creating jobs. Panama commercial real estate is linked to the strength of Panama’s small business community. One of the many neighborhoods in Panama City with excellent commercial real estate investment opportunities is Bella Vista.

Two Bella Vistas

Bella Vista started as a suburb of Panama City in the 1930’s. The historic part of Bella Vista still exists although high rises are replacing many of the older homes. The neighborhood association is trying to promote preservation of parts of the old community.

A few blocks down the hill and towards the bay from historic Bella Vista, and a block or two towards Obarrio and Panama’s banking district, takes you to the clubs and Panama’s City’s night life. Life on Calle Uruguay at night is decidedly different than the quiet around the old homes on Calle 43.

Bella Vista Development and Commercial Real Estate Investment

As Bella Vista gradually renews and renovates it creates businesses, jobs, and real estate investment opportunities. On Avenida Balboa along Panama Bay the Cinta Costera project is adding fill to the bay, improving traffic and parking, and creating a ribbon of parkway that will run from San Felipe past Bella Vista to Costa del Este. The completion of the Cinta Costera project promises to further invigorate business along the bay and back up the hill into the central parts of Bella Vista.

Everyone sees the sky scrapers going up all over Panama, including in Bella Vista. What is right under everyone’s nose and unnoticed is the business and job creation by small businesses. Commercial real estate investment helps provide retail spaces, offices, shops, storage space, and production space for Panama’s small business community.

Commercial real estate in Panama is not subject to rent controls and tends to attract better paying renters than residential real estate. While North American renters might head back home to deal with credit issues Panama business stays put.

Bella Vista Commercial Real Estate

Examples of currently available commercial real estate in Bella Vista include a 600 square meter one story building on Calle Uruguay offered for $1,590,000. Office space of 250 square meters is renting for $3,700 a month. Commercial space on a beautiful urban park just off Avenida Balboa square meters is selling for $600,000 for 288 square meters.

A 100 square meter office with a great view of the Panama skyline and a balcony to boot is renting for $600 a month. Bella Vista offers the advantages of old buildings awaiting renovation. The same office, renovated, could go for $2,000 a month. Perhaps this property is just waiting for a buyer.

The commercial opportunities in Bella Vista include the discos and restaurants around Calle Uruguay, offices and stores throughout the neighborhood as well as undeveloped land waiting for major development.

If panama city real estate interests you contact us at ABPanama. We have over 23 years experience managing real estate portfolios. We do business in Bella Vista and throughout Panama, so whether you are looking for property in the city, or elsewhere, such as caribbean property, please contact us for more information.