Searching for the perfect office for rent in Phnom Penh can be an arduous chore at best. With so much supply on offer in the market across many of Phnom Penh’s major districts, selecting the right office space for rent in Phnom Penh is a time consuming task. Thankfully the commercial real estate team at Knight Frank have access to the most up to date Cambodia real estate market analysis and are on hand to help assist you with finding the perfect office space for rent in Phnom Penh.
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Naturally the most concentrated district for office space is Daun Penh, home to the capital’s CBD. Daun Penh houses Phnom Penh’s only Grade A office buildings such as Vattanac Tower and Exchange Square. Rental rates for Grade A office space in Phnom Penh range between USD $28 - USD $40 Per Sqm at the time of writing. Grade B office space in Phnom Penh includes the Canadia Tower office building. Prices currently range between USD $18 Per Sqm – USD $29 Per Sqm at the time of writing with 43% of the overall supply being classed as Grade B. Grade C Office space in Phnom Penh currently ranges in price from USD $9 – USD $18 Per Sqm meter at the time of writing and makes up a total of 45% of the current supply.
When considering looking for an office for rent in Phnom Penh it’s not only the price per Sqm that must be considered, most offices will also add a service charge ranging from USD $2 - $5 Per Sqm meter. These charges cover the costs of up keep and maintenance of the building and common areas. It is also prudent to check if any applicable taxes such as withholding tax and VAT are included or excluded in the price quoted by the landlord. Parking has long been a hot topic for many when considering office space for rent in Phnom Penh as the capital is currently in short supply of car parking spaces. The average car parking space allocation is one space allocated to every 100 Sqm of net lettable space taken by the tenant so it’s advisable that you check on the parking allocation of each office building under consideration.
Please contact our professional team of real estate agents at +855 23 966 878 if you are interested in an office for rent in Phnom Penh.