The real estate sector in Panama will undergo significant adjustments in 2022, especially in the office and shopping center markets, which will need to reduce their levels of oversupply and vacancy, respectively. Meanwhile, the industrial sector will continue to grow thanks to the expansion needs of the international logistics industry.
Those are some of the projections made by the research department (Market Research) of the commercial real estate consultancy Newmark Central America for 2022.
The company believes that the changes in the three markets will be aimed at achieving a balance between supply and demand, considering the natural effects of the country’s real estate industry and the temporary conditions resulting from the 2020-2021 health crisis.