Beautiful 1st floor office for rent Wat Phnom | central Phnom Penh

Details

This tastefully renovated 1st floor office space located in a tree-lined street near Wat Phnom is now available for rent.

Office features:

• Elevator access
• Car and moto parking
• Various sizes available at $15/sqm (neg)
• 21 sqm, 58 sqm, 60 sqm and 90 sqm
• Natural light and pleasant surrounds
• Close to hospitals, French / USA Embassy as well as French School

Original ID: DP11.K8

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Does this high-profile commercial space interest you?

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Abode Real Estate has an apartment, condo, office space for rent or for sale in Phnom Penh, Siem Reap, Kampot and Sihanoukville.

Riverside: the real downtown

Arguably, Riverside is the real downtown. It is where the old city is found. Here is Wat Phnom, Phsar Chas, Phsar Kandal, Chey Chumneas and Chaktomuk.

Previous generations’ footprints are here from Angkor kings to French colonists to UN troops.

Day and night it is busy and is a very popular tourist spot.

Sisowath Quay (in honor of King Sisowath) is the road on the riverfront.

It starts at the Buddhist Institute (near Sothearos Boulevard) and continues north to Japanese Bridge. There it becomes Road 6 leading out of the city.

Riverside has a wide choice of restaurants, wellbeing services, hotels, shops and bars.

Among the restaurants, you will find Italian, French, Japanese, Vietnamese, Indonesian and Malaysian.

Riverside is where the Mekong, Tonle Sap and Bassac rivers meet.

It is also where the Water Festival is best seen each year and is always stunning. Especially at sunrise and sunset.

A personal reflection on Phnom Penh’s Riverside

Street 172 is punctuated with $3 massage joints and bars occupied by grey faces framed with light grey hair.

Yet, just around the corner, Street 178 is now arguably the rising art gallery district of Phnom Penh with the University of Fine Arts a stone’s throw away.

This is the dichotomy of Riverside and the attraction of opposites that makes it such an interesting place!

Friends Café has made a bold statement and the Mansion House seems to be waiting for reincarnation.

Now the Hyatt has opened its doors to the Jet set, it may well be a different designer-schmick precinct to what is currently now.

In fact, when you look up along 172, the standard of shophouses is somewhat ‘better’ than in other parts of the city: it could be the rising star of Daun Penh and Riverside.

In the streets around Riverside, there is a sense that there are too many hostess bars, each vying for a shifting slice of the tourist and expat pie.

Rents will rise with the inevitable escalation of land values and the ROI of each vendor’s patch will become more and more critical as the clock ticks.

Looking at Phsar Kandal and the open block where Prey Sar prison once sat, one can’t help but wonder what’s coming next.

Given its proximity to the riverfront and the 172 and 178 ‘sweet spot’, maybe there is something special waiting in the sidelines, something for the inspired new generation of architects and artists.

Major retail to dominate city by 2025

According to a recent report, major retail spaces in the city of Phnom Penh are expected to dominate, growing to just under 1M sqm by 2025 across 62 shopping destinations.

This phenomenon is driven by the now global expectation of the youth generation (Gen Z and Millennials).

Quite simply, they want more and better shopping.

They also want a wide range of entertainment options under one safe and comfortable air-conditioned roof.

They differ from previous generations in that they consider the journey to be as important as the destination. If not, more.

Shopping isn’t just about buying stuff, it’s about meeting friends and sharing experiences.

More and more, we are witness to product launches, fashion shows, dance and singing competitions (the list goes on) offered as extras to the shopping environment.

This is changing the major retail landscape in most cities across the globe… and now Phnom Penh.

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Investing in Cambodia

Here is a good guide to investing in Cambodia that should steer you away from total financial disaster.

The real estate market in Cambodia is extremely varied, more so than most countries, which can make investing either a smooth journey or a rocky one.

What separates a successful from unsuccessful investor is not pure luck, as many think, but the ability to recognise and avoid mistakes.

Investing in Cambodia is no different, so here are some things to consider before you part with your hard-earned cash.

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Phnom Penh property

Phnom Penh real estate