Panama Industrial Report, 2023
Over the last two decades, Panama outstood as the most dynamic Latin American economy. Panama benefits from its location and infrastructure, as its canal plays a key role in global logistics.
Panama’s economy has remained resilient in the past decade except for 2020. Growth has been supported by burgeoning internal demand and a myriad of infrastructure projects that boost employment, investment and tourism.
Despite real estate sector taking a toll over the last years, the industrial / logistics segment remained the most resilient given to robust demand. Quality assets including free zones and industrial / logistics parks are owned by a mix of local and international investors, attracted by resilient demand drivers, rents quoted in dollars and a desirable mix of renowned tenants.
