Boeung Keng Kang is a prime-tier Class A submarket of Phnom Penh with average asking rent around $264/sqm/yr · ≈ $24.5 PSF/yr USD.
Embassy and expat district. · Tier: prime · Avg rent: $264/sqm/yr · ≈ $24.5 PSF/yr USD
Boeung Keng Kang anchors Phnom Penh's principal embassy and expat Class A district. Phnom Penh Tower and a deep cluster of embassy and NGO tenancy.
Embassies, NGOs, expat services, professional services.
15–40,000 sqft floor plates available across newer Class A stock; 9'+ slab-to-slab and modern MEP common.
Bus; tuk-tuk.
Multi-modal transit captures the metro's principal professional catchment.
Independence Monument, Wat Lanka, BKK1 retail.
Boeung Keng Kang is one of 5 Class A submarkets we cover in Phnom Penh, classified as prime tier with an average asking rent around $264/sqm/yr · ≈ $24.5 PSF/yr USD. Compared with the broader Phnom Penh Class A stock, Boeung Keng Kang typically attracts Embassies, NGOs, expat services, professional services and competes most directly with the city's other prime submarkets on building specification, transit access, and amenitisation.
Adjacent submarkets to study alongside Boeung Keng Kang: Daun Penh, Diamond Island (Koh Pich), Chamkar Mon / Toul Tom Poung, Sen Sok / Toul Kork. The full Phnom Penh submarket atlas is at /cities/phnom-penh.
For an institutional Class A occupier evaluating Boeung Keng Kang, the highest-leverage analyses to commission next are the rent benchmark, the concession-package comparable, and the ESG performance baseline. Class A Atlas covers each as a dedicated topic page for this submarket:
Terminology specific to Phnom Penh Class A leasing and to the prime tier: Class A, Trophy asset, Effective rent, Concession package, TI allowance, Submarket tier.
Reviewed by Class A Atlas Editorial Desk — House byline · global editorial team. Last updated 2026-04-15. See our methodology and editorial standards.