Penonomé, Panama: A Premier Destination for Commercial Real Estate

Introduction

Penonomé, the capital of Coclé Province in Panama, represents a burgeoning hub for commercial real estate (CRE) investment, driven by its strategic location and diverse economic base. As a mid-sized city with a growing population, Penonomé has become an attractive destination for industries such as logistics, agriculture, and renewable energy, fostering a dynamic environment for office, industrial, and retail properties.

Economic and Industry Overview

Penonomé's economic landscape is characterized by its robust agricultural sector, which includes the production of sugarcane and other crops, alongside a burgeoning renewable energy industry. The city is home to Latin America's largest solar power plant, paving the way for sustainable industrial growth. These industries have heightened demand for industrial and office spaces, supported by regional economic initiatives aimed at enhancing infrastructure and investment.

The Coclé Chamber of Commerce actively promotes economic development, offering resources and incentives for businesses looking to capitalize on Penonomé’s industrial potential.

Strategic Location and Transportation Infrastructure

Penonomé boasts excellent connectivity through major highways such as the Inter-American Highway, facilitating seamless transport of goods and services across Panama and neighboring markets. The city’s proximity to the Panama Canal further enhances its logistical advantages, offering unparalleled access to global shipping routes.

While Penonomé itself does not have a major airport, it benefits from its proximity to Tocumen International Airport in Panama City, providing access to international and domestic flights. The strategic location supports efficient distribution networks and access to a skilled labor pool.

For more information, visit the Panama Department of Transportation.

Commercial Real Estate Inventory & Zoning

Penonomé's CRE landscape is diverse, with significant opportunities in industrial corridors and emerging innovation districts. The city offers a mix of industrial, retail, and office spaces, catering to various business needs. Recent zoning changes have introduced incentives for developers, particularly in areas designated for industrial and mixed-use developments.

For zoning maps and parcel information, visit the Penonomé Zoning Department (link not available).

Major Employers and Institutions

Major employers in Penonomé include the Penonomé Solar Plant and several agricultural corporations. The presence of Universidad Tecnológica de Panamá boosts demand for office and retail spaces, contributing to the city's economic vibrancy.

For a comprehensive list of businesses and institutions, explore the Coclé Business Directory (link not available).

Notable Commercial Developments & Projects

Significant developments in Penonomé include mixed-use projects and the expansion of industrial parks, supported by public-private partnerships that aim to enhance infrastructure and attract foreign investment. The city is also exploring the development of Opportunity Zones to stimulate economic growth and job creation.

For more information on these projects, visit the Penonomé Planning Department (link not available).

Building Permits, Planning, and Development Tools

• Penonomé Building and Safety Department (link not available)
• Permitting Portal (link not available)
• Parcel Map Viewer / GIS (link not available)
• Planning Commission (link not available)
• Development Code (link not available)

Market Data & Economic Reports

Public data sets and economic reports are available through the Penonomé Open Data Portal (link not available), offering insights into demographic trends, economic impact assessments, and market conditions. Brevitas leverages AI-powered aggregation from these datasets, providing enhanced market intelligence.

Explore Brevitas-powered dashboards for Penonomé here (link not available).

Why Use Brevitas for Penonomé, Panama CRE?

Brevitas offers an unparalleled platform for discovering CRE opportunities in Penonomé, utilizing AI-driven insights and real-time market alerts. Our services include: - Auto-generated listing pages for streamlined property marketing - Email and landing page tools for targeted outreach - Seamless integration with brokers and developers - Exclusive listings for premium exposure

With Brevitas, investors and brokers can navigate the Penonomé CRE market with confidence, leveraging cutting-edge technology and comprehensive data resources.