Co-working has been revolutionizing the work culture in Phnom Penh. With the rapid rise of entrepreneurial spirit, more and more professionals are craving to look for flexibility environment that motivates or encourages them.
In Phnom Penh, more than 12 co-working spaces have sprung over three years, taken up mostly by startups and remote workers. Users are mainly university students, young entrepreneurs and digital nomads travelling through the region. Many startups using co-working spaces to reduce overhead costs before expanding their business. At the same time, they able to enjoy a communal atmosphere.
While the concept remains novel, the workspace segment has its challenges including the rise of cafes with Wi-Fi facilities. To overcome it, these spaces need to localize the concept to encourage younger groups like students to relocate there. The conversion also helps address the issue of a sustainable income contributed by long-term users.
Going forward, with the expansion of start-ups in Cambodia, co-working spaces own the advantage of providing the venue and avenue for growth for these communities.