We can help you find a shop for rent in Phnom Penh
Are you looking to start your own retail business in Phnom Penh? Perhaps you’re looking to start a café or coffee shop business? Or maybe you have your own clothing line which you want to sell? No matter what kind of retail business you are looking to open the retail real estate leasing experts at Knight Frank Cambodia can help you identify the perfect shop for rent in Phnom Penh.
Customer Demographic: The best location for your shop front in Phnom Penh
One of the most important factors when starting a retail business is foot traffic. Analyzing the surrounding area to understand the local demographic is critical to the success of your retail business operations. For example, if you are starting a coffee shop are you located near office buildings so you can serve the local workforce? Is there a university nearby so you have a weekday flow of students into your business?
Understanding the local demographic in relation to your business model is of the utmost importance when looking for a shop to rent in Phnom Penh.
Find a shop for rent on the high street: Phnom Penh’s Shophouses
Shophouses or shop front properties can be an inexpensive way of starting your business. Rental rates can be cheaper than that of shopping malls for example and Phnom Penh has an abundance of these properties available. The minimum commitment and deposit can also be more favourable compared to renting a space in a mall.
Shophouses have a ground floor retail space and up to two floors of residential or office space above. Sometimes you can rent the whole building, and other times just the ground floor commercial space. For more information on residential shophouses please see our residential real estate in Cambodia page.
The best retail real estate: Shopping Malls
Phnom Penh now has an abundance of local and international standard shopping malls. Aeon Mall, Chip Mong, and Sorya Mall are just a few of the most popular shopping malls in Phnom Penh with each catering to its unique market segment. Due to the relatively high foot traffic and high weekend activity shopping malls represent a great place to look for a shop for rent in Phnom Penh.
Retail real estate rental rates in Phnom Penh
Prime shopping mall real estate can cost from between $31 - $40 Per Sqm. Secondary shopping malls and community malls can command rental rates of between $21 - $31.50 Per Sqm of net lettable space.
The retail sector is undergoing dramatic transformation in Phnom Penh. With an expanding population, especially the younger generation, the retail real estate sector is under constant pressure to keep up with the latest trends.
When you’re looking for a shop for rent in Phnom Penh there are a wide variety of options depending on your budget and target market. Consulting the retail real estate experts at Knight Frank Cambodia when looking for a shop for rent in Phnom Penh is highly advisable our experts can save you both time and money by helping to source the right location for your retail business.
Please contact our professional team of real estate agents at +855 23 966 878 or enquiry@kh.knightfrank.com if you are interested in a shop for rent in Phnom Penh.