ROBERTO GONZALEZ JIMENEZ
Rgjimenez@prensa.com
According to a report published by the promoter CB Richard Ellis, the rent for Class A office reached in the third quarter of 2007, 18.94 dollars per square meter, 40% more than in 2006.
Class A offices have high standards of quality are located in exclusive areas, have an area of at least 300 square meters and incorporate the latest technology. The rental price of all kinds of offices has risen to 11.55 dollars per square metre, 5% more than last year. The office market shows a very dynamic and proof of this is that the unemployment rate for Class A offices has increased from 35% in 2006 to 2.34% in the third quarter of 2007, according to the study.
This means that the new spaces have been absorbed almost entirely. For Ramon Roux, managing director of CB Richard Ellis Panama, "this is a sign that we need offices in the medium and long term." The selling price of the offices has also increased in the past year. In 2006 paid 2 thousand dollars per square metre at the offices of Class A, while in 2007 the square meter has risen 2 to 267 thousand dollars.
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