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Panama’s banking district, the bancaria, is in the Obarrio neighborhood of Panama City. With a concentration of banks similar to Zurich Obarrio is the center of business in Panama. As the world sinks into a recession business in Panama is still strong. For those interested in doing business or investing in Panama look to ABPanama for commercial real estate opportunities. We have over 23 years experience managing real estate portfolios and do business throughout Panama.

Commercial Real Estate in Obarrio, Panama

Panama is the narrowest point in the Americas where the Panama Canal connects Atlantic and Pacific. This tropical country has untouched rain forest and pristine beaches on both the Pacific and Caribbean coasts. Panama also has a first world infrastructure with the best roads, airports, ports, and telecommunications in Latin America. Panama is currently enjoying an economic boom and a flood of North American retirees attracted by easy residency laws.

Panama has a strong and conservative banking sector which is weathering the world current financial crisis. Panama banks did not go in for sub prime mortgages and still have money to lend. As a result Panama’s many construction projects are still underway remaking the Panama City skyline into a likeness of Miami or Singapore.

The heart of Panama’s banking and business lies in the Obarrio neighborhood, Panama’s bancaria or banking district. With financing from international giants like Citigroup and HSBC to Panama’s Banco Nacional Panama to smaller local institutions such as Tower Bank Panama City’s Obarrio is busy doing business while much of the rest of the world is looking for credit.

Obarrio has commercial real estate for rent and Obarrio has commercial real estate to buy. Looking at current listings for commercial real estate in Obarrio we see that rentals go for $20 or so a square meter. Commercial real estate in Obarrio sells for around $1,800 a square meter. Twenty dollars a month per square meter is $240 for the year. Thus your return on investment for commercial real estate in Obarrio will run about 13% a year on leased real estate. Because business in Panama is still strong commercial real estate continues to appreciate in value.

You can start with a 13% return on investment per year and see increasing lease returns as Panama’s economy continues to prosper. With a competent and trustworthy advisor such as ABPanama you can time your entry into and exit from the commercial Panama real estate market in Obarrio to maximize your capital gains.

Examples of commercial real estate for sale in Obarrio include asking prices of 86 square meters, with partitions for $160,000, 247 square meters for $580,000, and 120 square meters for $225,000.

If you are coming to work or retire in Panama come to see us at ABPanama. We have over 23 years experience managing real estate portfolios and do business throughout Panama. We can show you property in Obarrio as well as adjacent Marbella, Punta Pacifica, Punta Paitilla, San Francisco, and el Cangrejo. All of these neighborhoods offer commercial real estate as well as housing and are close to the banking district in Obarrio.