Obarrio

Obarrio is Panama City's classic central business neighborhood: dense, walkable, and full of mid-size towers that turn over steadily. October 2026 research puts the median asking price near $2,057 per square meter, about $191 per square foot, essentially at the citywide norm (ACTIVE LISTING DATA). Its practical appeal is rental economics: asking rents near $12.59 per square meter per month and gross yields near 7.35% for well-located units, above the roughly 7% citywide average, and Obarrio is consistently named among the fastest-selling districts for correctly priced condos (MARKET ESTIMATE). The stock is mixed-age, so older buildings offer real discounts per square meter while newer towers price at a premium. For buyers, Obarrio works best as an income-oriented purchase or a central pied-a-terre: the neighborhood lacks waterfront scenery, but it sits minutes from the business district and the Cinta Costera. As with all central districts, verify the building's age, maintenance history, and HOA financials before relying on a yield projection.