CBRE Cambodia | Phnom Penh Market Update Q3 2021
During the third quarter of the year, Cambodia emerged as a leader in the global vaccination race, with 66% of the population fully vaccinated.
As developers pressed forward in Q3, the city’s underlying supply and demand dynamics shifted further. Particularly, imbalances continue to appear in the office and retail segments. As stock vacancy rises, reductions in rental rate for the commercial segments grew to -1.35% and -5.85% Q-o-Q, respectively.
How landlords take heed of these stressors and adapt will play a critical role in how the market develops. All stakeholders must now ask, how has the pandemic accelerated changes in market dynamics?
You can download our full report here: Cambodia_Phnom-Penh_Figures_2021_Q3