Quick reference: Phnom Penh Class A rent is $264/sqm/yr · ≈ $24.5 PSF/yr USD ($25 USD), typical term 3 years, 6 months free.
Class A rent: $264/sqm/yr · ≈ $24.5 PSF/yr USD.
Typical term: 3 years.
Typical rent-free: 6 months.
Vacancy: 22.4%.
Phnom Penh Class A office: frequently asked questions
Quick reference: Phnom Penh Class A rent is $264/sqm/yr · ≈ $24.5 PSF/yr USD ($25 USD), typical term 3 years, 6 months free.
TL;DR
Class A rent: $264/sqm/yr · ≈ $24.5 PSF/yr USD.
Typical term: 3 years.
Typical rent-free: 6 months.
Vacancy: 22.4%.
Quick reference
Use this page as the fast-answer reference for Phnom Penh. Deep coverage lives on the city page, the topic pages, and the comparison views.
Key facts
city
Phnom Penh
country
Cambodia
region
APAC
classARentLocal
$264/sqm/yr · ≈ $24.5 PSF/yr USD
classARentUsd
$25/sqft/yr
vacancy
22.4%
typicalLeaseYears
3
typicalRentFreeMonths
6
submarkets
5
primeYieldPct
8%
Frequently asked questions
How developed is the Phnom Penh Class A market?
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.
What is the role of Chinese FDI?
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.
Is the market dollarized?
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.