{
  "url": "https://classa.info/cities/phnom-penh",
  "title": "Phnom Penh Class A Office Market",
  "description": "Cambodia's emerging finance and FDI capital with deep Chinese investment tenancy.",
  "oneSentenceAnswer": "Phnom Penh Class A office rents around $264/sqm/yr · ≈ $24.5 PSF/yr USD, with 22.4% vacancy and 6 months of typical rent-free on a 3-year term.",
  "tldr": [
    "Cambodian banks (ACLEDA, Canadia Bank), Chinese FDI tenants, and garment HQs anchor demand.",
    "Vattanac Capital Tower and Diamond Island anchor the post-2010 trophy tier.",
    "Cambodian corporate tax of 20% with active special economic zone incentives.",
    "Class A market is dollarized — most rents quoted and paid in USD."
  ],
  "keyFacts": {
    "city": "Phnom Penh",
    "country": "Cambodia",
    "region": "APAC",
    "classARentLocal": "$264/sqm/yr · ≈ $24.5 PSF/yr USD",
    "classARentUsd": "$24.52642629530189/sqft/yr",
    "vacancyPct": "22.4%",
    "typicalLeaseYears": 3,
    "typicalRentFreeMonths": 6,
    "submarkets": 5,
    "corporateTaxPct": "20%",
    "talentIndex": 60
  },
  "faqs": [
    {
      "question": "How developed is the Phnom Penh Class A market?",
      "answer": "Early-stage. Trophy product is concentrated in 4-5 buildings (Vattanac, Canadia, Phnom Penh Tower, Diamond Island). Broader Class A inventory is shallow but expanding."
    },
    {
      "question": "What is the role of Chinese FDI?",
      "answer": "Material. Chinese FDI in real estate, hospitality, and infrastructure has driven a wave of mixed-use and Class A delivery since 2015. Some post-2022 supply softening reflects Chinese capital outflow restrictions."
    },
    {
      "question": "Is the market dollarized?",
      "answer": "Yes. Most Class A rents are quoted and paid in USD; the Cambodian riel is pegged informally to the dollar. This limits FX risk for international tenants."
    }
  ],
  "pageType": "city",
  "lastUpdated": "2026-04-15T00:00:00.000Z",
  "license": "CC BY 4.0 with attribution to Class A Atlas (https://classa.info).",
  "citation": "Source: Class A Atlas (https://classa.info/cities/phnom-penh), updated 2026-04-15T00:00:00.000Z."
}