47
Commercial and investment properties in our current listings
US$120K
Where offices start in our listings
21
Commercial listings under US$500,000
$0
Agent commission paid by buyers
Buying Commercial Property in Panama
From an office for your business to an income property
In short: we currently have 47 commercial and investment properties for sale in Panama. Most are in Panama City, in Costa del Este, the banking district and Casco Viejo, with more in the warehouse parks near Tocumen, the Pacific beach towns, Boquete, Bocas del Toro and Pedasí. Prices start at about US$120,000, the typical asking price is about US$525,000, and 21 listings ask under US$500,000.
Commercial property suits buyers who want to own their premises instead of renting, earn income from tenants or run a business such as a small hotel. Our listings include offices, warehouses, retail units, boutique hotels, income buildings and commercial land.
The right property depends on how you will use it. Offices in Costa del Este and Obarrio suit professional firms, warehouses near Tocumen suit distribution, and small hotels in Bocas del Toro, Pedasí and Boquete suit hospitality buyers. The sections below compare prices by type and explain what to check before you buy commercial property.
Commercial and Investment Property for Sale
These are commercial and investment properties from our current listings, from offices and warehouses to retail units, boutique hotels and income buildings. Choose a property for details, photos and pricing, or tell us your budget and we will send you a shortlist that matches it.
Commercial Prices by Type
Taken from the 47 commercial and investment properties we currently have listed. These are asking prices as of November 2026, not closed sales, so use them as a guide to where the market sits rather than a valuation of any one property.
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Offices (19 listings): about US$120,000 to US$750,000, typical about US$340,000
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Warehouses and office-warehouses (11 listings): about US$403,000 to US$4.7 million, typical about US$530,000
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Boutique hotels and hospitality (8 listings): about US$270,000 to US$22.5 million, typical about US$1.1 million
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Retail and commercial units (5 listings): about US$124,000 to US$1 million
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Income buildings and commercial land (4 listings): about US$525,000 to US$3.5 million
By location: 35 of the 47 listings are in Panama City. Location, parking, building quality and any existing tenants often move the price more than the size.
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Where to Buy Commercial Property in Panama
Each area suits a different kind of business. These are the areas where we have commercial and investment property for sale today. Not sure where to start? Tell us how you plan to use the property and we’ll suggest two or three areas to compare.
Area guides: Costa del Este · Obarrio · Bella Vista · Avenida Balboa · Punta Pacífica · Casco Viejo · San Francisco · Coronado · San Carlos · Boquete · Pedasí · Bocas del Toro
Costa del Este
Modern office towers and business parks near the Corredor Sur, about 15 minutes from Tocumen airport. 9 offices and office-warehouses, from about US$295,000.
Best for: corporate offices close to the airport
Obarrio and the Banking District
Offices and commercial houses in Obarrio, Calle 50, Bella Vista, Marbella and El Cangrejo, the heart of the financial centre. 9 listings, from about US$120,000.
Best for: professional offices in the financial centre
Avenida Balboa and Punta Pacífica
Offices with views over the Bay of Panama, in business centres along the waterfront. 3 listings, from about US$215,000 to US$570,000.
Best for: an office with ocean views
Warehouse Districts
Warehouses and office-warehouses near Tocumen, in Río Abajo, Pueblo Nuevo and Santa María, close to the airport and the main roads. 8 listings, from about US$403,000.
Best for: distribution, storage and light industry
Casco Viejo
Commercial spaces and offices in restored colonial buildings in the old quarter, plus a three-property portfolio. 5 listings, from about US$198,000.
Best for: restaurants, shops and boutique offices
The Pacific Beaches
Boutique hotels, a highway restaurant, mini-storage units, a plaza unit and commercial land in San Carlos, Coronado and Chame. 6 listings, from about US$124,000.
Best for: tourism and businesses on the Pan-American Highway
Boquete and Pedasí
A 20-room hotel in Boquete, eight furnished apartments in Pedasí and an estate that can run as a boutique hotel near Los Destiladeros. 3 listings, from about US$525,000.
Best for: hospitality in the mountains or by the beach
Bocas del Toro
A waterfront boutique hotel and an overwater restaurant and bar on the Caribbean islands, plus an island portfolio with a hotel. 3 listings, from about US$675,000. Much island land is held as rights of possession, so check the title status.
Best for: Caribbean tourism businesses
Types of Commercial Property in Panama
From an office for your own business to a hotel or a building full of tenants, here is what you will find and who each type tends to suit.
01
Offices
Office units in towers in Costa del Este, Obarrio, Calle 50, Avenida Balboa and Punta Pacífica, many furnished and with parking. Check the building rules, fees and parking titles.
02
Warehouses and Office-Warehouses
Warehouses and ofibodegas in business parks near Tocumen and the Corredor Sur. Check the ceiling height, loading access, power supply and the zoning for your use.
03
Retail and Commercial Units
Ground-floor units in plazas and towers, and restored commercial spaces in Casco Viejo. Foot traffic, signage rules and the uses the building allows matter most.
04
Boutique Hotels and Hospitality
Small hotels, a restaurant and bar, and tourism properties in Bocas del Toro, Boquete, San Carlos and Pedasí. Review the licences and the real occupancy figures.
05
Income Buildings and Portfolios
Multi-unit buildings and portfolios that put several units or businesses into one purchase. Ask for the rent roll, the leases and the operating costs.
06
Commercial Land
Highway frontage and lots zoned for commercial use, for a development or your own business. Confirm the zoning, access and services with the municipality.
07
Tenanted and Bank-Owned Property
Some offices are sold with a tenant in place or by a bank. A tenant means income from day one; a bank sale can mean a lower price but a stricter process.
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Not Sure Which Type Suits You?
Tell us your budget and how you plan to use the property, and we’ll send a short list of properties to compare.
Why Buy Commercial Property in Panama
Equal Ownership Rights
Foreigners can own commercial property with the same rights as Panamanians, in their own name or through a Panamanian corporation. Some rules differ on islands and near national borders, so check the title first.
A Dollar Economy and Banking Centre
Panama uses the US dollar, so there is no currency risk on the property or its income, and local banks lend on titled commercial property. See our mortgage and financing guide.
A Route to Residency
Real estate, commercial property included, can count toward the Qualified Investor residency program. Rules and minimums change, so read our residency by investment guide.
A Regional Business Hub
The canal, the Tocumen airport hub, the ports and the logistics zones bring regional head offices, banks and distributors to Panama City, which supports demand for offices and warehouse space.
Own Instead of Lease
Buying your premises fixes your occupancy cost and builds equity, instead of paying rent that can rise at every renewal.
A Price Point for Many Budgets
Offices start from about US$120,000, and 21 of our current commercial listings ask under US$500,000. Hotels, warehouse buildings and portfolios run into the millions.
Know What You Are Buying
Three things shape most commercial purchases in Panama: the title, the permitted use and the income.
Title and Building Rules
Most offices and commercial units are titled as horizontal property (PH), like a condo. Check the title and any liens at the Public Registry, and read the building rules and the maintenance fees.
Zoning and Permitted Use
The zoning (uso de suelo) decides which businesses can operate there. Confirm it with the municipality before you buy, along with any licences your business will need.
Tenants and Income
If the property is sold with tenants, review every lease, the payment history and the deposits. For hotels and businesses, ask for real figures, not projections.
Costs to Factor In
The price is only part of the budget. Plan for these as well.
Maintenance Fees
Office towers and commercial plazas charge monthly maintenance fees, and they vary widely with the building’s services. Ask for the current fee and the reserve fund balance.
Legal Fees
About 1% to 1.5% of the price for your independent attorney, plus small notary and Public Registry fees.
Property Tax
Annual, based on the registered value. The primary-residence exemption does not apply to commercial property, so ask your attorney what the yearly tax will be.
Transfer Tax
Panama’s 2% transfer tax is customarily paid by the seller. Buyers pay no agent commission.
How We Help You Buy Commercial Property
We work for you as the buyer, in English and Spanish, alongside independent attorneys, accountants, surveyors and banks. Meet our team or see how we work with buyers.
STEP 1
Plan
Tell us your business or income goal and budget, and we shortlist properties to compare.
STEP 2
View
In person or by live video: offices, warehouses, retail units and hotels.
STEP 3
Check
Title, building rules, zoning, leases and the real income, side by side.
STEP 4
Close
Offer, independent legal due diligence, escrow and title registration.
STEP 5
Own
Introductions to accountants, property managers and contractors once you own it.
Commercial Property FAQ
Can foreigners buy commercial property in Panama?
Yes. Foreigners have the same property rights as Panamanians and can own commercial property in their own name or through a Panamanian corporation. Rules differ on some islands and within 10 kilometres of a national border, so use an independent attorney to check the title before you buy.
How much does commercial property cost in Panama?
Across our 47 current commercial and investment listings, prices start at about US$120,000 and the typical asking price is about US$525,000. Offices typically ask about US$340,000, warehouses about US$530,000 and boutique hotels about US$1.1 million. These are asking prices from November 2026, not closed sales.
Where are most of the commercial listings?
In Panama City: 35 of our 47 listings are in Costa del Este, Obarrio and the banking district, Casco Viejo and the warehouse parks near Tocumen. The rest are hotels and commercial property in Bocas del Toro, Boquete, the Pacific beach towns and Pedasí.
Can I get a mortgage on commercial property?
Local banks do lend on titled commercial property, usually with a larger down payment and a shorter term than for a home. Whether a bank will lend to a foreign buyer or a corporation depends on the bank, so speak to lenders early.
Do I need a corporation to buy commercial property?
No, but many buyers use a Panamanian corporation, especially when the property runs a business or for estate planning. Get advice from an independent attorney and tax adviser on what suits you.
Is rental income from Panama property taxed?
Yes. Rent from property in Panama is Panama-source income, so it is taxed in Panama even under the territorial tax system. A local accountant can tell you how it applies to you.
Can buying commercial property help me get residency?
Real estate, commercial property included, can count toward the Qualified Investor residency program, which sets a minimum investment and other conditions. Rules and minimums change, so confirm them with an immigration lawyer before you buy.
Do you list commercial space for rent?
No. We only list properties for sale. Some are sold with tenants in place, and we review those leases with you before you buy.
What are the closing costs when buying commercial property?
Buyers pay no agent commission; the seller pays it. Your main cost is your attorney, typically about 1% to 1.5% of the price, plus small notary and Public Registry fees. The 2% transfer tax is customarily paid by the seller.
Is there capital gains tax when I sell?
Yes. Panama withholds 3% of the sale price or the registered value, whichever is higher, which most sellers accept as the final tax. You can instead file on the actual profit, with the 3% credited.
Can I buy without being in Panama?
Yes. We can show you properties by live video, and you can sign through a power of attorney given to your lawyer. For a hotel or a business, we still suggest visiting before you close.
About This Guide
Written by Ken Norton, founder of Panama Properties, a licensed buyer’s brokerage based in Pedasí. We work with buyers across Panama City, the Pacific coast, the Azuero Peninsula, Boquete and Bocas del Toro, alongside independent attorneys, accountants and banks. Prices reflect our 47 current commercial and investment listings and were last reviewed in November 2026.
Ready to Find Commercial Property in Panama?
Tell us your budget, the type of property and how you plan to use it. We can show you properties in person or by live video, and help you compare titles, zoning, leases and income.
Message us on WhatsApp at +507 6169-2453. Buyers pay no agent commission.
Panama Properties
Unit 1 Plaza Pedasí (Super Pedasí Plaza)
Avenida Dr. Belisario Porras
Pedasí, Los Santos 7401, Panama
WhatsApp: +507 6169-2453
Email: ken@panama-properties.com