Penonomé: A Premier Destination for Commercial Real Estate

Introduction

Penonomé, the capital of Coclé Province in Panama, presents an emerging landscape for commercial real estate (CRE) investment. With its strategic location in central Panama, Penonomé offers unique advantages for businesses looking to capitalize on its growing economy and industry clusters. Known for its agricultural and industrial sectors, this city is increasingly appealing to CRE professionals seeking opportunities in diverse property types, from industrial to office spaces.

Economic and Industry Overview

Penonomé's economy is predominantly driven by agriculture, manufacturing, and increasingly, renewable energy. The city has seen substantial growth in commercial property demand, particularly in industrial and office spaces, due to its burgeoning industries. Regional initiatives such as the Panama Canal Expansion have further bolstered the local economy, enhancing demand for CRE.

• Major Industries: Agriculture, Renewable Energy, Manufacturing
• Economic Initiatives: Supported by the Panama Ministry of Commerce and Industries

Strategic Location and Transportation Infrastructure

Penonomé is strategically positioned along the Pan-American Highway, providing excellent connectivity for logistics and distribution. It is also within a reasonable distance from Panama City, enhancing its appeal as a secondary market.

• Highways: Pan-American Highway
• Proximity: Centrally located, accessible to Panama City
• Panama Department of Transportation

Commercial Real Estate Inventory & Zoning

Penonomé's CRE market is characterized by diverse submarkets, including a central business district and industrial zones. The city offers a mix of industrial, office, and retail spaces, with zoning regulations favoring development in specific corridors.

• Key Submarkets: Central Business District, Industrial Zones
• Asset Classes: Industrial, Office, Retail
• Zoning Resources: City Zoning Map (link placeholder)

Major Employers and Institutions

Penonomé hosts several key employers and institutions that drive CRE demand, including agricultural companies and educational centers.

• Top Employers: Local agricultural firms, renewable energy companies
• Institutions: Local universities and government offices
• Economic Development Resources (link placeholder)

Notable Commercial Developments & Projects

Recent developments in Penonomé include mixed-use projects and public-private partnerships aimed at revitalizing the urban core and industrial areas. These projects are crucial in accommodating the city's growing commercial needs.

• Development Projects: Mixed-use developments, industrial parks
• Opportunity Zones: Identified areas for investment incentives
• Planning Department (link placeholder)

Building Permits, Planning, and Development Tools

For CRE professionals looking to develop in Penonomé, the city provides a comprehensive suite of tools and resources.

• Building and Safety Department: Building Department (link placeholder)
• Permitting Portal: Permit Applications (link placeholder)
• GIS and Parcel Viewer: Parcel Map Viewer (link placeholder)
• Planning Commission: Planning Resources (link placeholder)
• Development Code: Development Code PDF (link placeholder)

Market Data & Economic Reports

Access public data sets and economic reports to gain insights into Penonomé's CRE market. Utilize Brevitas for AI-powered data aggregation and explore tailored dashboards for comprehensive analysis.

• Public Data Sets: Census Data
• Open Data Portal: City Open Data (link placeholder)
• Brevitas Dashboards: Explore Brevitas-powered dashboards (link placeholder) for Penonomé

Why Use Brevitas for Penonomé CRE?

Brevitas offers a robust platform for discovering commercial real estate opportunities in Penonomé. With AI-driven insights, real-time alerts, and seamless collaboration tools, Brevitas is the ideal marketplace for CRE professionals.

• AI-Driven Discovery: Automated insights and market alerts
• Smart Property Pages: Detailed listings with integrated marketing tools
• Collaboration Tools: Dealroom features for brokers and developers
• Exclusive Listings: Premium exposure and unique property offerings

Explore Penonomé's commercial real estate potential with Brevitas, your trusted partner for intelligent CRE solutions.