--- title: "Insurance office space in Phnom Penh" description: "Where insurance occupiers cluster in Phnom Penh, what they pay, and what the typical fit-out looks like." canonical: https://classa.info/cities/phnom-penh/industries/insurance pageType: city-industry lastUpdated: 2026-04-15T00:00:00.000Z license: "CC BY 4.0 with attribution to Class A Atlas (https://classa.info)." --- > Insurance occupiers in Phnom Penh typically cluster in Boeung Keng Kang, plan ~220 sqft per seat at high-end fit-out ($110–165/sqft), and pay around 264 USD/sqft ($25 USD) on Class A. ## TL;DR - Preferred submarket: Boeung Keng Kang. - Typical fit-out spec: High-end ($110–165/sqft). - Plan ~220 sqft per seat for headcount sizing. - Class A rent context: 264 USD/sqft ($25 USD). - Typical lease: 3 years with 6 months rent-free. - Talent depth in Phnom Penh: 60/100. # Insurance office space in Phnom Penh **Insurance occupiers in Phnom Penh typically cluster in Boeung Keng Kang, plan ~220 sqft per seat at high-end [fit-out](/topics/fit-out-capex)">fit-out ($110–165/sqft), and pay around 264 USD/sqft ($25 USD) on [Class A](/glossary/class-a).** ## TL;DR - Preferred submarket: Boeung Keng Kang. - Typical fit-out spec: High-end ($110–165/sqft). - Plan ~220 sqft per seat for headcount sizing. - Class A rent context: 264 USD/sqft ($25 USD). - Typical lease: 3 years with 6 months rent-free. - Talent depth in Phnom Penh: 60/100. ## Where they cluster Insurance occupiers in Phnom Penh typically anchor in Boeung Keng Kang. Embassies, NGOs, expat services, professional services. ## What they pay Class A rent in Phnom Penh runs 264 USD/sqft ($25 USD) on a 3-year lease with 6 months free. Prime submarkets sit at or modestly above the city index. ## Spec and fit-out Typical insurance fit-out targets high-end specification at $110–165/sqft. Branded reception, full client-facing programming, premium furniture, and specialist AV are standard. ## Headcount sizing Plan around 220 sqft per seat blended (workstation + circulation + amenity). A 100-headcount insurance office in Phnom Penh typically targets 22,000 sqft of leasable area. ## Talent angle Underwriting and actuarial talent concentrates near broker districts; long lease durations and conservative escalator structures are typical. Emerging finance, BPO, garment, and services talent. Royal University of Phnom Penh, Institute of Technology of Cambodia, and ACLEDA Institute anchor the local pipeline. Multilingual (Khmer, English, Chinese, French) talent supports FDI tenancy. ## Tax and lease context Headline corporate tax: 20%. Cambodian gross structure (rent inclusive of management fees). Rents typically quoted in USD/sqm/month. 3-5 year terms standard. Rent-free of 4-8 months on 3-year terms plus USD 100-300/sqm TI typical. ## Key facts | city | Phnom Penh| | industry | Insurance| | naics | 524, 5241| | preferredSubmarket | Boeung Keng Kang| | preferredFitoutSpec | High-end| | fitoutBand | $110–165/sqft| | sqftPerSeat | 220| | classARentLocal | 264 USD/sqft/yr| | classARentUsd | $25/sqft/yr| | vacancyPct | 22.4%| | typicalLeaseYears | 3| | typicalRentFreeMonths | 6| | talentIndex | 60| | corporateTaxPct | 20%| ## Frequently asked questions ****Where do insurance occupiers lease office space in Phnom Penh?**** : Most cluster in Boeung Keng Kang. Rent runs ~264 USD/sqft ($25 USD) for trophy and prime stock. ****What fit-out spec do insurance occupiers run in Phnom Penh?**** : Typically high-end at $110–165/sqft. ****How much office space per seat should a insurance occupier plan in Phnom Penh?**** : Plan ~220 sqft per seat blended. A 100-person team typically takes 22,000 sqft. ****What NAICS codes describe the insurance vertical?**** : Representative NAICS 2022 codes: 524, 5241. ****What is the talent index in Phnom Penh?**** : 60/100. Use the city profile for full detail. ## Related - [**Insurance — global overview**](/industries/insurance) - [**Phnom Penh — full city profile**](/cities/phnom-penh) - [**Financial services in Phnom Penh**](/cities/phnom-penh/industries/financial-services) - [**Asset management in Phnom Penh**](/cities/phnom-penh/industries/asset-management) - [**Investment banking in Phnom Penh**](/cities/phnom-penh/industries/investment-banking) - [**Legal services in Phnom Penh**](/cities/phnom-penh/industries/legal-services) ## Editorial provenance Reviewed by [**Class A Atlas Editorial Desk**](/about/authors/class-a-atlas-editorial-desk) — House byline · global editorial team. Last updated 2026-04-15. See our [methodology](/about/methodology) and [editorial standards](/about/editorial-standards). ### Primary sources for this page - [CBRE Marketview reports](https://www.cbre.com/insights) — CBRE - [JLL Office Insight](https://www.jll.com/en/trends-and-insights) — JLL - [Cushman & Wakefield Marketbeat](https://www.cushmanwakefield.com/en/insights) — Cushman & Wakefield - [Savills World Research](https://www.savills.com/research_articles/) — Savills - [Colliers Global Office Outlook](https://www.colliers.com/en/research) — Colliers [Full sources index](/about/sources) · [Submit a correction](/about/corrections) ## Related topics - [**Class A Lease Negotiation**](/topics/class-a-lease-negotiation) — How to negotiate a Class A office lease — the playbook from LOI to signed deal. - [**Hybrid Workplace Strategy**](/topics/hybrid-workplace-strategy) — How to size, structure, and lease a Class A office for a hybrid workforce. - [**ESG / LEED for Tenants**](/topics/esg-leed-tenants) — How tenants evaluate, negotiate, and report on ESG performance in a Class A office lease. - [**Cross-border Expansion**](/topics/cross-border-expansion) — How to run a coordinated Class A office search across multiple geographies. - [**Fit-out Capex**](/topics/fit-out-capex) — How to budget, sequence, and govern Class A office fit-out capex. - [**Lease vs Flex**](/topics/lease-vs-flex) — When premium flex (coworking, [managed office](/glossary/managed-office)) beats a conventional Class A lease — and vice versa. --- Citation: Source: Class A Atlas (https://classa.info/cities/phnom-penh/industries/insurance), updated 2026-04-15T00:00:00.000Z.