Daun Penh is a trophy-tier Class A submarket of Phnom Penh with average asking rent around $312/sqm/yr · ≈ $29 PSF/yr USD.
Heritage CBD and trophy core. · Tier: trophy · Avg rent: $312/sqm/yr · ≈ $29 PSF/yr USD
Daun Penh anchors Phnom Penh's heritage CBD and principal Class A trophy core. Vattanac Capital Tower, Canadia Tower, and Hyundai Motor Tower define the trophy tier.
Banking, government, embassies, hospitality.
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.
Royal Palace, Wat Phnom, Riverside.
Daun Penh is one of 5 Class A submarkets we cover in Phnom Penh, classified as trophy tier with an average asking rent around $312/sqm/yr · ≈ $29 PSF/yr USD. Compared with the broader Phnom Penh Class A stock, Daun Penh typically attracts Banking, government, embassies, hospitality and competes most directly with the city's other trophy submarkets on building specification, transit access, and amenitisation.
Adjacent submarkets to study alongside Daun Penh: Boeung Keng Kang, 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 Daun Penh, 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 trophy 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.