Great value 12 floor commercial building for rent Russian Market | central Phnom Penh

43b St 432, Phnom Penh 12305, Cambodia


  • Air Conditioning
  • Backup generator
  • Balconies
  • City views
  • Close to embassies
  • EDC and Water State rates
  • Elevator
  • Good ROI
  • High ceilings
  • Large open plan spaces
  • Natural light
  • Near Russian Market
  • New architecture
  • Non-flooding
  • Parking
  • Roof terrace
  • Street access


This modern design 12 floor mixed use commercial building with office and living units is now available for rent near Russian Market in central Phnom Penh.

Brand new unfurnished office spaces with elevator access, professional reception and secure parking near Russian Market is now available for rent.

Building features:

  • Main road access and visibility
  • Prominent building in a handy location!
  • Large reception area / 24-hour security
  • 200sqm per floor
  • Floors 1 – 2 and 12 perfect for offices (216sqm x 3 floors)
  • Floors 3 – 11 has 1 (24 units 50 – 58sqm), 2 (108sqm 4 units) & 3 (216sqm 1 unit) bedroom apartments
  • ~ 15 car spaces available
  • Elevator access to all floors + stair access
  • Can be furnished (negotiated rental)
  • Good Feng Shui – good corner location
  • Well-maintained and modern building
  • 1 or 2 years 3 month deposit 3 Month + one month rent prepaid
  • 3 years + 4 month deposit + two months rent prepaid

Original ID: TTP.AE1

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We have apartments, condos, office spaces for rent and sale in Phnom Penh, Siem Reap, Kampot and Sihanoukville.

Investment confidence returning in 2024

As the dreary years of 2019-2023 fall away, confidence is returning that the coming months will generate activity essential for a healthy property sector as foreign investment returns to pre-pandemic levels.

The presence of apparent current empty stock, combined with that yet to enter the market, long-term investment is still appealing to foreign investors in this largely stable market.

Many agree that Cambodia weathered the pandemic well and, despite a glut of stock, quality projects will do well as sophisticated investors expect more from developers.

Confidence returning to Cambodia

Russian Market area:

The busy districts surrounding Russian Market are some of the best in Phnom Penh for tourists and locals alike. Its name harks back to the large Russian expat population back in the 1980s.

In the market, you will find many souvenirs, such as silk cloth and scarves from the provinces, stone Buddha carvings and other religious icons, western and local handbags and branded clothing from local factories.

Further inside is an array of fresh foods – fruit, vegetables, seafood and fish.

There are also household items like lamps, wood carvings, fabrics and kitchen wares. At night there are many restaurants serving freshly grilled seafood.

Well priced accommodation centre around the market and Wat Toul Tom Pong.

Nearby you will find many retail outlets catering to foreigners like – Zando, Sundown, Brand Collection, Corner Cafe, Vega, Brown, Starbucks and Amazon Cafe.

On virtually every corner there is a pub or bar where you can find anything from cheap beer to high-end wines and cocktails.

If you live here, you will be within walking distance to everything.

Phnom Penh for rent

Phnom Penh real estate, especially the rental market, is not easy to navigate around as there’s a lot on offer and prices vary depending on where, when and what you are looking for.

The city offers a range of properties, so it is important you know what is available.

Covid made things difficult for everyone and all over Phnom Penh, people started negotiating heavily.

Although there is some residual goodwill, much has gone, and prices are now close to pre-pandemic levels. Don’t expect real estate miracles anymore!

There are essentially four types of rental options (Khmer style shop house, renovated shop house, western apartment, condo / serviced apartment).

Each has a distinct feature and price tag, depending on location…


Post Covid, 2022 and a brave new normal

There is some doubt as to what a post Covid world will look like even though many say things will be back to a brave new ‘normal’ by the end of 2022.

It is widely known that the pandemic changed consumer behavior and spending habits enormously.

The suspension of regional and international travel, for instance, directly impacted retail, tourism and hospitality sectors across the globe.

This led to a rise in online shopping and entertainment platforms and is likely to create long-term effects on retail markets and real estate.

However, the market remains in flux and has already changed irrevocably due to shifted consumer habits (and now the Ukraine war will play a role).

How this will affect real estate in any significant way post 2022 is yet to be seen, but aspects of building design and transport are likely to change as a result.



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Phnom Penh property

Phnom Penh real estate

  • ID: 19184
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