Coronado, Panama: A Premier Destination for Commercial Real Estate

Introduction

Coronado, Panama, is increasingly becoming a pivotal destination for commercial real estate (CRE) in Central America. Known for its strategic coastal location, Coronado boasts a burgeoning economy primarily driven by tourism, real estate, and service industries. This unique positioning makes it attractive for a range of commercial property developments, including hospitality, retail, and office spaces.

Economic and Industry Overview

Coronado's economy is heavily supported by the tourism sector, which creates a robust demand for hospitality and retail properties. Additionally, the city's proximity to Panama City fosters growth in service industries, including finance and professional services. The Panama Tourism Authority and local economic development initiatives continue to bolster Coronado's appeal, driving demand for diverse CRE asset classes.

Strategic Location and Transportation Infrastructure

Coronado's location along the Pan-American Highway offers excellent connectivity to major cities like Panama City and David. Its coastal position provides logistical advantages for distribution networks and access to neighboring markets. While Coronado doesn't have its own airport, it is conveniently situated near the Tocumen International Airport, enhancing access to international business travelers and freight operations.

Commercial Real Estate Inventory & Zoning

Coronado's commercial real estate landscape includes several submarkets:

• Central Business District (CBD): Primarily retail and office spaces catering to local businesses and tourists.
• Hospitality Corridors: Featuring hotels and resorts that capitalize on the city's tourism appeal.
• Mixed-use Developments: Emerging innovation districts blending residential, office, and retail spaces.

The city's zoning policies, available on the Municipality of Coronado's website, offer incentives for sustainable and innovative development projects.

Major Employers and Institutions

Coronado's economy is powered by key employers in the tourism and service sectors. While the city lacks large-scale industrial employers, it benefits from a vibrant small business community. The presence of international schools and medical facilities further supports CRE demand by attracting expatriates and retirees.

Notable Commercial Developments & Projects

Recent developments in Coronado include mixed-use projects and hospitality expansions. Public-private partnerships have spearheaded these initiatives, offering new opportunities for real estate investors. The Panama Chamber of Commerce provides insights into ongoing and future development projects.

Building Permits, Planning, and Development Tools

For developers and investors, the following resources are essential:

• Coronado Building and Safety Department
• Permitting Portals
• Parcel Map Viewer / GIS
• Planning Commission
• Development Code

These tools facilitate informed decision-making for CRE ventures.

Market Data & Economic Reports

Public data sets, such as those from the Panama National Institute of Statistics and Census, provide valuable insights into Coronado's economic landscape. Brevitas aggregates these public data sources with internal insights to offer comprehensive market analysis. Explore Brevitas-powered dashboards for Coronado here.

Why Use Brevitas for Coronado, Panama CRE?

Brevitas offers an unparalleled platform for discovering CRE opportunities in Coronado, Panama, with features tailored for investors and brokers:

• AI-driven CRE Discovery: Advanced search capabilities for targeted property searches.
• Real-time Market Alerts: Stay informed with instant updates on new listings and market trends.
• Smart Property Pages: Engage with detailed, auto-generated listing pages.
• Dealroom Collaboration: Facilitate seamless communication with stakeholders.

Additional benefits include email and landing page tools, broker and developer integration, exclusive listings, and premium exposure on a global scale.

For more information and to explore opportunities, visit Brevitas.