Article: High-quality office space direly needed in Phnom Penh

High-quality office space direly needed in Phnom Penh

PHNOM PENH, Aug. 15 (Xinhua) -- Rising foreign investment is leading to an office shortage in Phnom Penh, with some analysts expecting pent-up demand to generating a building boom over the next two years, national media said Friday.

"There is nothing of an international standard in Phnom Penh right now. Many businesses are having to rent out villas," Naim Khan- Turk, director of research at the CB Richard Ellis (CBRE) in Ho Chi Minh city, Vietnam, was quoted by Cambodia's daily English newspaper the Phnom Penh Post as saying.

Analysts say the office market hasn't had time to catch up to the pace of economic growth, with only low- or ...

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