This Grade B office space presents an ideal leasing opportunity for businesses seeking a functional, well-maintained workspace with a balance of affordability and professional appeal. Offering an efficient design, the property is located in a thriving commercial district, benefiting from proximity to key amenities and major transport links.

With a modern, clean aesthetic, the building is well-suited to accommodate both small and mid-sized companies, providing a cost-effective solution without compromising on quality. Whether you’re a growing business, a startup, or an established company in need of upgraded office space, this Grade B property offers a practical and flexible environment for your team.Norea Center is a newly developed Grade C office building located in Phnom Penh, Cambodia. As a Grade C property, it is designed to offer more affordable office space compared to higher-grade buildings like Grade A or Grade B, while still providing essential features and a practical environment for businesses. Norea Center is well-suited for small to medium-sized enterprises, startups, or companies looking for an economically viable office solution.

Key Features of Norea Center:

• Location:
  • Norea Center is situated in a developing commercial area of Phnom Penh, making it an attractive location for businesses looking for office space outside of the central business district (CBD). The exact location will likely provide good connectivity to main roads and transport links, making it easily accessible for employees and clients.
  • The area around Norea Center is expected to have essential services like restaurants, retail outlets, banks, and residential complexes, providing convenience to both tenants and employees.
• Building Specifications:
  • Height: As a Grade C building, Norea Center is likely a mid-rise structure, typically around 5 to 10 stories tall, offering relatively standard-sized office floors.
  • Architecture: The design of the building is functional and simple, with a focus on providing basic office infrastructure rather than luxury finishes. The exterior may be modern, but without the high-end materials or innovative design features found in Grade A or B buildings.
• Office Spaces:
  • The office spaces are typically designed to be practical and efficient, offering open-plan layouts that can be customized or partitioned based on the tenant's needs.
  • These spaces are well-suited for businesses that don’t require highly flexible or upscale office designs but still need a functional environment for daily operations.
  • As the building is newly constructed, the interior is likely to be in good condition with basic, modern finishes and essential utilities.
• Facilities and Amenities:
  • Elevators: Basic elevators will be available to service the building’s floors, but they may not be as fast or modern as those in higher-grade buildings.
  • Parking: There will likely be parking available for tenants and visitors, although the number of spaces might be limited. It’s important to check the exact availability and conditions for parking.
  • Air Conditioning: The office spaces are expected to have air conditioning, providing a comfortable working environment, though the system might be less sophisticated compared to Grade A properties.
  • Security: Standard security features such as 24/7 security personnel and surveillance cameras will likely be in place to ensure safety for tenants and visitors.
  • Common Areas: The building’s common areas, such as lobbies and restrooms, are functional but likely more basic compared to higher-grade office spaces.
  • Back-up Power: A backup power system (such as a generator) may be available to ensure the continuity of business operations in case of a power outage.

Advantages of Norea Center:

• Affordability: Norea Center offers cost-effective office spaces, which is a major advantage for small and medium-sized businesses, startups, or companies operating on a budget.
• New Construction: Being a newly built property, Norea Center provides modern infrastructure and well-maintained facilities, which can be a significant benefit compared to older Grade C buildings.
• Location: While not located in the heart of the central business district, Norea Center's location is likely to be convenient for businesses looking to be in a developing area with good access to major roads and public transport links.
• Flexible Leasing Terms: Grade C buildings often offer flexible leasing arrangements, which can be an attractive option for businesses with shorter-term needs or those seeking more adaptable rental agreements.

Considerations:

• Basic Amenities: While the building will provide the essential amenities like air conditioning, security, and parking, the features will not be as high-end or luxurious as those in Grade A or Grade B buildings.
• Limited Premium Features: Norea Center may not have additional facilities such as high-end meeting rooms, fitness centers, or premium business services, which are often found in Grade A or Grade B buildings.
• Parking Space: Depending on the demand and location, the parking spaces could be limited, which might be a challenge if your business expects a high number of staff or clients who drive.

Conclusion:

Norea Center offers affordable and functional office space for businesses that need a cost-effective solution in a newly constructed building. It’s a great option for small businesses, startups, or companies seeking a practical, no-frills environment. The building’s modern infrastructure and basic amenities make it a strong contender for companies that do not require the luxury or high-end features of Grade A or Grade B office spaces but still want a well-maintained and convenient location for their operations.