Office Space in Cambodia
Phnom Penh’s office market is comprised of refurbished colonial style villas, converted shophouses, adapted rooms of local hotels, small low rise business centers and purposely built single tenant offices of local commercial enterprises.
There are a growing number of office building under construction and/or renovation. We count as many as 12 office buildings in Phnom Penh center, that deserve to be mentioned as they are regarded as an equivalent of appropriate business office environment that is close to that of the West.
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Vattanac Bank building
Sun Wah Financial Center
GS’s International Financial Center
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IOC (Intelligent Office Centre) is in the heart of the business area on Monivong Street. However, as the building has very little parking facilities, it is very inconvenient to utilize this 6 story structure. Though the street access is easy, Monivong Street is divided by a separator making it difficult to approach the building if on the other side of the road. Price per sqm: unknown
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Hong Kong Centre is ideally located on Sothearos street close to the Royal Palace, restaurants, and convenient stores. It was the best office building in Phnom Penh at one point. The ground floor is dedicated to an airline and hospital representatives as well as Siemens representative offices. Other major tenants that occupy this 4 story structure include Total Cambodge – French petroleum company and Thai Airways’ cargo division. Price per sqm : unknown
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Phnom Penh Center is probably the most popular office center at the moment as it is conveniently located near Independence Monument and provides an easy access with minor traffic congestion. This 6 story building is nestled in the premises of what used to be a university campus. The neighboring two buildings are still used as an academic facilities whereas Building A and part of Building F are used as serviced offices. The main interior features (bathrooms, stairs) are very old fashioned reminding of the times when the building was a university. The exterior is in a fair condition and the surrounding premises are not well kept. However, this building offers the largest parking area in the whole city. Price per sqm: USD 11
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VTRUST Property have recently renovated the second and third floor of the Parkway Square Shopping Center. Parkway complex was the first and major multi purpose center in Phnom Penh providing sort of one stop and shop destination. It was a first attempt to introduce western inspired modern facilities to Phnom Penh. Parkway became largely successful; however, due to a lack of maintenance and deterioration, it lost its popularity and currently has rather a negative connotation. Nevertheless, VTRUST Office Center has brought life back into the complex. Tenants today include: Levi's Corporation, Burumgrad Hospital, Opus Cambodia, 5 Arc architects, Cosmos and more. Large secured parking available, a fitness center with an olympic size swimming pool is located on the ground floor and a supermarket is open 7 days a week.
Price per sqm: USD 11 (Jan.2009)
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Cambodiana Hotel has perhaps the best location in town nestled on the Tonle Sap riverbank right in between the two major business districts, BKK I and Wat Phnom. Ground and first floors’ converted hotel rooms are rented as serviced offices. Other hotel amenities such as restaurants, gym, secured overnight parking and etc. provide an additional benefit. Majority of tenants rent 46-110 sqm units. The biggest current tenant is Ericsson with over 600 sqm of space. Other tenants are mostly representative units of international companies or offices of local companies set up by expatriates. Rents vary from $11 for the tenants that have joined several years ago to $18 and even $20 for new tenants.
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Intercontinental Hotel has a separate serviced office complex called Regency Complex. It is comprised of two buildings. The 4 story building is divided between Maersk International and Thai Airlines, whereas each tenant occupies two floors. The other Regency building is divided between minor tenants mostly airline companies and representative units of international companies. The location is a bit far from the main commercial center and increasing traffic of Mao Tse Toung and Monireth streets make an access difficult. However, the hotel provides its multi-story parking facilities as well as hotel amenities for the use of tenants compensating for location drawbacks.
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Attwood Center is a new addition to the office market of Phnom Penh. Built by one of the biggest and well known companies of Phnom Penh Attwood Import-Export LTD (the family behind Intercontinental Hotel) the building looks modern and efficient. Located on National Road N 4 close to the airport, this 4 story office center is perceived to be far from the city’s commercial life. However, with the increasing significance of Russian boulevard and extension of a traditional commercial center, this location has a great future potential. The relatively low rent price ($9-$12) compensates for its isolated location. Attwood Center also has an F&B outlet and some minor retail on the ground floor for the use of its tenants launching a new trend on the office market of Phnom Penh.
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International Business House is due for completion at the end of 2008 and will provide Phnom Penh with an additional 4500 sqm of an office space on 8 floors. Location is central and parking garage will be provided. The asking rent price is $15-$20 per sqm for lower floors and $14 for upper floors. As the building is still under construction, it is difficult to judge the quality of it.
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Canadia Bank development (OCIC Tower) is located in the heart of what has recently become Phnom Penh’s banking area. The site area is approximately 6,000 sqm. The development will be comprised of 32 stories with Canadia Bank’s headquarters occupying a significant part of it. The total gross area will be approximately 35,000 sqm with three levels of underground parking and will be attributed to banking facilities, offices for lease, and retail. The asking renting price is $30 per sqm. Known tenants: I-One (Apple Mac Store)
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DELANO'S Business Center Delano Business Center is Cambodia’s first “Premier Office Environment” with a full range of amenities and services to enhance any professional need or requirement. With a total size of 4000 square meters and offering a variety of floor plans to accommodate numerous office settings, Delano is a perfect choice for recently established or existing enterprises. Floor plans range from 100 to 360 square meters. The large window façade and exterior design provides executives pleasant views of Phnom Penh and the surrounding area. Finishes throughout the building are elegant and timeless creating a high end business environment attractive to law, financial and other professional firms.
Secured parking for 30 vehicles and 70 motorbikes
Fiber Connection for high speed Internet Services
Energy Saving German Engineered Windows
Japanese Daiken A/C System
7 floors + Mezzanine floor
24 hour power supply
Dual elevators
Courier Services
Secretarial services
Coffee shop/news stand in Lobby
Prices starting at 15 USD m2 including custom office layout to your requirements.
unknown renants
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GS’s International Financial Center will be a part of GS mixed use development project. Located on the riverside between the Russian embassy, new Sofitel Hotel and Royal Group’s site 22, the site covers over 6 Ha and is subject to a comprehensive development. The site will include a condominium tower, IFC office tower, and a shopping center. Exact details as well as timeline of the project are unknown as the project is still in the initial planning stage. GS is a well respected Korean development company with a proven track record and, therefore, Grade A rating of an office tower is expected. 52 levels are still not finalized and may be changed in the near future.
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Sun Wah Financial Center will be a part of Sun Wah mixed use development project on a 15,000 sqm site and will include 3 luxury residential blocks, a 45 story first class office building, a five star hotel, a private club house and a large shopping mall. The location is central, right behind Naga Casino on Samdech Hun Sen Park street. Sun Wah hired a local division of Archetype, architectural and design agency, to develop an initial design. However, due to the company’s involvement in large Vietnamese project in HCMC, Phnom Penh’s project is currently under progress. Sun Wah is a well known Korean developer with an extensive experience.
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Vattanac Bank building will be a mixed-use development on a 10,000 sqm site. The first tower, facing Monivong will be dedicated to Vattanac’s Bank HQ headquarters, a 6 story building with an average GFA of 1,300 sqm. The bank will occupy the majority of the space. The HQ tower will be linked, by a bridge, to the second tower, comprising 18 stories with 1,300 sqm gross floor plates with 14,000 sqm net leasable area. The office complex will provide 2 level underground parking. The high rise tower’s ground and 1st floor are proposed as retail and F&B areas of approximately 2,000 sqm. Buiulding under construction. Delivery date unknown.
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Phnom Penh Chamber of Commerce Building
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K-Property will be a mixed-use development site.
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unnamed building for rent - Call 016 997 999 | Known tenants: KhmerDev & Around Design
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The Icon Professional Building in Phnom Penh for rent - located south Norodom Blvd, near the Thai Embassy
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The Phnom Penh Daegu Gyeyong Buk Culture, Tourism & Trade Promotion Building [PGCT Center] in Phnom Penh near the Monument of Independence.
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