by Hang Sokunthea - Cambodia Daily
When Duong Kim Hak and his business partner decided to expand their online bookstore to a brick-and-mortar location, the entrepreneurs went for a non-traditional store site that’s growing in popularity abroad and in Phnom Penh: a co-working space.
“It would be at least 30 percent more expensive to rent an individual house to run our business, and we would not make much profits at the end,” he said.
Through their bookstore at workspace Emerald Hub, Mr. Kim Hak has joined dozens of entrepreneurs who are warding off Cambodia’s rising rents by sharing office spaces.
When comparing the space, location and other costs associated with parking, security and utilities, Mr. Kim Hak concluded that using a co-working space would allow them to sell books while cutting some of the costs of running a business.