Supply is up, but so are occupancy rates, with new office space to be added to the market this year, including the first strata-titled units.

After a strong year that saw new competition in prime office space with the opening of Exchange Square, Phnom Penh’s first Grade A office building since Vattanac Tower opened in 2014, the market for office space in the capital is expected to grow this year with more supply and greater variety.

According to a recent report by real estate firm CBRE Cambodia, total office space in Phnom Penh reached 335,000 square metres by the end of 2017 with the occupancy rate climbing to around 90 percent.

“Occupancy reached its highest level since early 2009,” the report said. “Space was absorbed by Chinese tenants and expanding companies already present in the city.”http://www.phnompenhpost.com/supplements-post-property/supply-office-space-grow-diversify