During 2020, the real estate market for offices in Panama City showed a significant slowdown in its commercial activity, as a result of strict mobility measures imposed by local health authorities to address the global health crisis, which kept demand paused for the past nine months of the year.
During this time, the imposition of the telework model also predicts the return of spaces by companies looking for a more flexible model between work from the office and the home, in order to experience savings in leasing costs that support mitigation of the effects of COVID-19 on the positive performance of their businesses.
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Download Panama Real Estate Officies Market Q4 2020