David, Panama: A Premier Destination for Commercial Real Estate

Introduction

David, Panama, is a burgeoning hub for commercial real estate (CRE), strategically positioned as the capital of the Chiriquí Province. With a population that steadily grows and a dynamic economy driven by agriculture, trade, and logistics, David offers unique opportunities for investors and developers. Its advantageous location near the Costa Rican border enhances its appeal as a commercial nucleus, making it a prime target for CRE investment.

Economic and Industry Overview

David's economy is anchored by agriculture, but significant growth has been seen in trade and logistics, influencing demand for diverse commercial property types, including industrial spaces and retail outlets. The city benefits from regional economic initiatives aimed at enhancing trade and infrastructure, fostering an environment ripe for CRE investment. The Chiriquí Chamber of Commerce plays a pivotal role in driving economic development, supporting industries that bolster the city's economic profile.

Strategic Location and Transportation Infrastructure

David's strategic location is complemented by its robust transportation infrastructure. The city is serviced by major highways, including the Pan-American Highway, providing seamless connectivity to Panama City and Costa Rica. Enrique Malek International Airport offers regional and international flights, enhancing the city's logistical advantages. Proximity to the Pacific Ocean port facilities further positions David as a key distribution hub, facilitating access to vital coastal and border markets.

Commercial Real Estate Inventory & Zoning

David's CRE landscape features distinct submarkets, including its Central Business District and burgeoning industrial corridors. Key asset classes include industrial, retail, and office spaces, catering to diverse commercial needs. Noteworthy zoning incentives and overlays exist to stimulate development, and the city's zoning maps provide comprehensive insights into available parcels and zoning regulations.

Major Employers and Institutions

David is home to significant employers and institutions that drive CRE demand, including the Government of Chiriquí and the University of Panama's regional campus. These entities, alongside pivotal players in agriculture and trade, shape the city's economic landscape. The Chiriquí Economic Development Agency offers resources and insights into the region's economic drivers.

Notable Commercial Developments & Projects

The city is witnessing transformative developments, such as the ongoing expansion of mixed-use projects and innovation parks. Public-private partnerships and recognized Opportunity Zones offer lucrative investment opportunities. For more detailed project information, the Planning Department provides resources and site maps of approved developments.

Building Permits, Planning, and Development Tools

David's Building and Safety Department facilitates access to essential tools for developers, including permitting portals and parcel map viewers. The city's Planning Commission and development code offer comprehensive guidelines for navigating the CRE landscape.

Market Data & Economic Reports

David's market data is accessible through public sources such as Panama's National Institute of Statistics and Census. Brevitas leverages AI-powered insights and public datasets to provide unparalleled market intelligence. Explore Brevitas-powered dashboards for detailed insights into David's CRE market.

Why Use Brevitas for David, Panama CRE?

Brevitas offers a suite of AI-driven tools tailored for the CRE market in David, Panama:

• AI-driven CRE discovery: Uncover the best investment opportunities with real-time market alerts.
• Smart property pages and dealroom collaboration: Streamline your property management and transactions.
• Auto-generated listing pages: Optimize your listings for maximum exposure.
• Integration with brokers and developers: Enhance your network and access exclusive listings.
• Email and landing page tools: Amplify your marketing efforts for premium exposure.

Brevitas stands as the premier marketplace for commercial real estate in David, Panama, offering unparalleled tools and insights for investors and brokers alike.