- Property type: Commercial Space
- Offer type: For Rent
- City: Phnom Penh
- Neighborhood: Russian Market
- Original Property ID: TTP.RK2
- Property size: 200 - 2000 m²
- 24 Hour Security
- Air Conditioning
- CCTV security
- City views
- Close to Chinese Embassy
- Close to Russian Market
- Contemporary architecture
- Elevator access
- Fire alarms
- Good exposure
- Good visibility
- Large open plan spaces
- Natural light
- Off-street parking
Brand new unfurnished office spaces with elevator access, professional reception and secure parking near Russian Market is now available for rent.
- Main road access and visibility
- Prominent building with the “wow” factor!
- Large reception area / 24-hour security
- 100 + 200sqm per floor
- Floors 8 – 18 available ($10 – $12 per metre)
- 4 car spaces per floor
- Elevator access to all floors (2 cars) + stair access
- Fire / smoke alarms / CCTV security
Original ID: TTP.RK2
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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.
Renting made easy
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 any more!
There are essentially four types of rental options (Khmer style shop house, renovated shop house, western apartment, condo / serviced apartment) each with 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 eventually 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 real estate market in 2021
- ID: 16840
- Published: September 9, 2022
- Last Update: September 9, 2022
- Views: 730