Commercial Real Estate Market in Panama, OK
Updated monthly: sale, lease, property records, location trend, and more… · Last update: August 31
2 active listings and 5 off-market properties in Panama, OK.
Market Trends
Panama, OK spans 4.5 square miles in Le Flore County, Oklahoma. Figures below refresh monthly; last updated 31 August 2026.
Office
Office space in Panama, OK asks $62/SF to buy. Vacancy runs 20.2% across the South region in 2025, up from 14.4% in 2019.
Average Sale Price $/SF
Listings
Vacancy Rate % in South region
Retail
Retail space in Panama, OK asks $99/SF to buy. Vacancy runs 5.4% across the South region in 2025, down from 7% in 2020.
Average Sale Price $/SF
Listings
Vacancy Rate % in South region
Industrial
Industrial vacancy in Panama, OK runs 7.9% across the South region in 2025, up from 6% in 2019. Nearly 2.3x the 2022 low of 3.5%.
Vacancy Rate % in South region
Multifamily
Multifamily vacancy in Panama, OK runs 11.3% across the South region in 2025, up from 8.5% in 2022.
Vacancy Rate % in South region
Market overview
Demographics & Economy
Panama, OK has 1,332 residents in 745 households. Density runs 297 people per square mile. Median household income here is $50,813 and median gross rent $816 a month.
1,332
Population
745
Households
1.8
Avg Household Size
39
Median Age
7%
College-Educated
89%
High-School Grad
4.5 sq mi
ZIP Area
297
Density / Sq Mi
$50,813
Median Household Income
$40,052
Median Earnings
$816
Median Rent
$124,800
Median Home Value
Tools
Nearby Markets
| Market | Average Sale Price, $/SF | Average Lease Price, $/SF/Yr |
|---|---|---|
| Shady Point | — | — |
| Spiro | — | — |
| Bokoshe | — | — |
| Cameron | — | — |
Commercial property in Panama, OK asks $40/SF.
Frequently Asked Questions
What is the average price per square foot for commercial property in Panama?
Commercial property in Panama, OK asks an average of $40 per square foot. Retail carries the highest asking price at $99/SF.
Methodology & data sources
- Asking prices and averages
- Computed from 2 active for-sale and 0 active for-lease listings in Panama, OK. These are ASKING figures from live listings, not closed-transaction prices, and a segment carried by a handful of listings reads as indicative rather than an average.
- Vacancy rates
- Published per-sector market series, taken at the metro level where one exists and otherwise at the Census-region level — a chart reading "in <region> region" is a regional number, not this city's.
- Refresh
- The monthly aggregates close at the end of the previous month, so 31 August 2026 — not today — is the honest last update.
- Known limitations
- office vacancy is reported at South region level, retail vacancy is reported at South region level and industrial vacancy is reported at South region level.
- Coverage
- Metrics below the 10-observation threshold fall back one geographic level. The geography used is named on each figure.
Compiled by the Realmo Data team · reviewed 31 August 2026 · report a data issue
