Panama is one of the best shopping destinations in Central America, offering everything from massive budget-friendly malls to sleek luxury shopping centers. Whether you’re visiting Panama City for the first time, relocating, or simply looking for the best places to shop, the city’s malls provide a wide range of international brands, local stores, dining options, and entertainment.
In this guide, we’re breaking down the best malls for shopping in Panama, highlighting what each mall is known for, the types of stores you’ll find, and which one fits your shopping style and budget.
Multiplaza Mall
Best for: Luxury shopping & premium brands
Vibe: Upscale, modern, polished
If you’re into designer labels and a luxury shopping experience, Multiplaza is the place.
Popular stores you’ll find here:
- Louis Vuitton
- Gucci
- Chanel
- Michael Kors
- Zara, Mango
- Sephora
- MAC Cosmetics
What makes it special:
- High-end fashion + beauty brands
- Excellent restaurants and cafés
- Clean, elegant atmosphere
Perfect for: Luxury shoppers, expats, business travelers
Albrook Mall
Best for: Budget shopping, variety, one-stop shopping
Vibe: Busy, massive, local + international mix
Albrook Mall is the largest shopping mall in Central America, and if you only have time for one mall in Panama this is it.
Popular stores you’ll find here:
- Zara
- H&M
- Old Navy
- Victoria’s Secret
- Adidas, Nike, Puma
- Conway
- Stevens
- Félix B. Maduro
What makes it special:
- Hundreds of stores (seriously)
- Huge food court + restaurants
- Direct access to the bus terminal
- Great prices compared to smaller malls
Perfect for: Tourists, families, bargain hunters, first-time visitors
Megapolis outlets Mall (formerly multicentro)
Best for: Convenient shopping near hotels
Vibe: Compact, relaxed, central
Located in the heart of the city near major hotels and Avenida Balboa, Multicentro is easy and stress-free.
Popular stores you’ll find here:
- Conway
- Tommy Hilfiger
- ALDO
- Nautica
- Adidas, Sportline, Crocs
- Calvin Klein
- Kenneth Cole
- Aliss
What makes it special:
- Walkable from many hotels
- Less crowded than Albrook
- Good mix of fashion + dining
Perfect for: Short stays, casual shopping days
AltaPlaza Mall
Best for: Relaxed shopping, families, residential areas
Vibe: Modern, airy, calm
AltaPlaza Mall is located in the northern part of Panama City and is especially popular with locals and expats who live in surrounding residential neighborhoods. It offers a more laid-back shopping experience compared to the busier malls in the city center.
Popular stores you’ll find here:
- Bershka
- Stradivarius
- Pull&Bear
- Adidas, Nike
- Stevens
- Victoria’s Secret
- Félix B. Maduro
What makes it special:
- Less crowded than Albrook or Multiplaza
- Spacious layout with natural light
- Family-friendly atmosphere
- Good mix of fashion, essentials, and dining
Perfect for: Expats, families, long-term visitors, everyday shopping
Soho Mall
Best for: Ultra-luxury & designer shopping
Vibe: Boutique, exclusive, high-end
Soho Mall is Panama’s most exclusive shopping destination—small but powerful.
Popular stores you’ll find here:
- Dior
- Fendi
- Dolce & Gabbana
- Versace
- Balenciaga
What makes it special:
- Premium designer brands
- Ocean views
- Quiet, refined shopping experience
Perfect for: Luxury travelers, designer lovers
Metromall
Best for: Airport-area shopping & everyday needs
Vibe: Practical, local, relaxed
Located near Tocumen International Airport, Metromall is convenient if you’re staying nearby or shopping before a flight.
Popular stores you’ll find here:
- Titan
- El Costo
- Nike, Puma
- Panafoto
- El Machatezo
What makes it special:
- Easy access from the airport
- Good for last-minute shopping
- Less touristy
Perfect for: Travelers, locals, practical shopping
How to Choose the Right Mall in Panama
- On a budget? → Albrook Mall
- Luxury brands? → Multiplaza or Soho Mall
- Staying downtown? → Megapolis Outlets Mall
- Near the airport? → Metromall