Shop house rental demand decline

Small and medium enterprises – the major sources of tenants in the shophouse rental market, have all scaled-down and terminated their contracts early as a result of the impacts from COVID-19. The current trend of rising vacant commercial properties is likely to last until the end of the year when business activities are poised to rebound, as economies further reopen.
In the end, landlords should maintain their rental concessions such as rent discounts, or rent deferment until the overall situation improves, as there are still significant uncertainties about growth and the shape of recovery amid the COVID-19 pandemic. Shop house usually running by small and medium business, as the decline demand rent of shop house,we can see that the business are affected by epidemic greatly.

Date from related real estate agency released that land and new project transaction has fallen too. Cambodia are taking all the efforts to bring economy back on right track. As for trade, with the withdraw of EBA, Cambodia are negotiating with eight countries for trade. As for real estate, real estate insider believes that in post epidemic time, the transaction market will be normal and thriving again. As for future development, government are planning the development plan for the kingdom. As for tourism industry, government also making the plan of tourist cities by imprving infrastructure to attract tourists. In the various aspects, Cambodia are making changes to develop the kingdom.