Supply drives office rentals to highest in region
Demand for top-quality workspace in Phnom Penh is increasing, so much so that property firm Knight Frank has labelled the capital as the fastest-growing city for rented prime office space in the entire Asia Pacific region. The firm’s June 3 quarterly report, which marks the first time Phnom Penh has been included in the study, shows that monthly prime office rent prices in the capital reached more than $27 per square metre (after services, taxes and charges) in the first quarter of this year. The figure represents a jump of 18 per cent compared with the first quarter in 2013 – the highest of the 20 nations included in the report. …
Annie Lee
http://www.phnompenhpost.com/business/supply-drives-office-rentals-highest-region
