Vacant Retail Space Increased in Phnom Penh
By B2B Cambodia
on
The latest report from The Mall Company, suggests retail vacancy levels in Phnom Penh rose by 85% in 2020, almost doubling compared to year-end 2019.
In the 4th Edition of “Retail Insights”, The Mall Company analyses vacancy trends from 2019 to Q4 2020 in Phnom Penh, including breakdowns of vacancy rates by districts, retail categories and retail classifications.
Retail vacancy levels in Phnom Penh rose by 85% in 2020 according to The Mall Company
Some of the key takeaways from the latest report on Phnom Penh are:
- Total existing retail supply stands at 370,781 sq.m as of year-end 2020.
- In Q4 2020, vacancy levels reached 16,247 sq.m
- The Chamkarmon district recorded the highest vacancy levels in Q4, 2020 with 4,825 sq.m of vacant retail space.
- Food & Beverage operators accounted for 9,492 sq.m in new vacancies.
- Community Malls experienced the highest levels of retail vacancy among other modern retail classifications, with 9,565 sq.m of vacant retail space.