Various office and residential towers recently constructed in Panama City remain unoccupied or under-occupied with more and more new construction coming out of the ground. The new Revolution Tower built by F&F remains almost totally empty with only about four occupied offices in the entire building. The three Oceania Office Towers is another empty project with about 100,000mt2 office space. Trump Ocean Club has only about 20% occupancy at the present time. All over Panama City the unsold and unoccupied residential, office and commercial inventory is piling up and much more new inventory is under construction.
What am I missing ??? Who is going to occupy all this excess supply ??? Isn't there about ten years supply of excess inventory ???