{"id":2003,"date":"2019-05-24T01:12:44","date_gmt":"2019-05-23T18:12:44","guid":{"rendered":"https:\/\/capitalcambodia.com\/?p=2003"},"modified":"2019-05-24T08:18:52","modified_gmt":"2019-05-24T01:18:52","slug":"co-working-space-culture-spreads-in-phnom-penh","status":"publish","type":"post","link":"https:\/\/capitalcambodia.com\/co-working-space-culture-spreads-in-phnom-penh\/","title":{"rendered":"Co-working space culture spreads in Phnom Penh"},"content":{"rendered":"

Co-working spaces are gaining momentum in Phnom Penh as they not only offer workspace but also work-life balance<\/em><\/p>\n

Seen as the future of offices, the concept of co-working space is taking the world by storm, and Phnom Penh, no less.<\/p>\n

A recent estimate in an article in The Economist puts the number of remote workers at one billion by 2035.<\/p>\n

In Phnom Penh, more than 12 co-working spaces have sprung over three years, taken up mostly by startups and remote workers.<\/p>\n

Udom Kobe Khy, community manager of Workspace 1, says space users are mainly university students, young entrepreneurs and digital nomads travelling through the region.<\/p>\n

Some 20 small and medium enterprises (SMEs) are sited in Workspace 1, which is located within The Factory in Khan Mean Chey. Factory Phnom Penh is made up of mixed-use IT centres and creative hubs.<\/p>\n

The enterprises in Workspace 1 share the area with undergraduates and post-graduates including young expatriates.<\/p>\n

Khy says the objective of a co-working space is to strike a balance between work and recreation which most traditional workplaces fail to offer.<\/p>\n

Factory Phnom Penh has the only trampoline park in the country and members are allowed to use it while working there. There is also a basketball court, and bicycles to move within the complex.<\/p>\n

\u201cA lot of the startups use co-working spaces to reduce overhead costs. It is a small investment before they expand. At the same time, they enjoy a communal atmosphere,\u201d he adds.<\/p>\n

Similarly, Green Penthouse\u2019 co-working space called Outpost, located in a condominium on Tonle Sap Street has recorded an increase in membership in the last year.<\/p>\n

Green Penthouse houses offices and co-working spaces where users can use all the facilities in the building.<\/p>\n

Its owner and founder, Kim Gjemmestad hopes to build a permanent community of startups in one space which includes a kitchen, breakout rooms, meeting rooms and Internet.<\/p>\n

Lifting financial obstacles<\/p>\n

For ride-hailing startup, TADA, working out of a co-working space makes financial sense. TADA is the first ride-hailing service by Mass Vehicle Ledger (South Korean MVL Foundation<\/p>\n

Pte Ltd), a company that utilises blockchain-based ecosystem.<\/p>\n

\u201cOur parent company is in Singapore and the Cambodian team is small. So working in this place reduces our cost,\u201d says operations head Kalyana Phal.<\/p>\n

She says startups often prefer to minimise costs of doing business such as rental so that it can reinvest that sum into operations.<\/p>\n

Workspace 1 offers individual remote workers $8 a day and $120 a month rent while spaces that can accommodate a six member-team can cost around $500 a month. Flexible packages tend to be more attractive compared to fixed rentals.<\/p>\n

Rental aside, Khy says that collaboration is important for startups and SMEs as it encourages interaction that can spark business ideas.<\/p>\n

Growing local economy, talents<\/p>\n

Part of the sharing economy, the co-working concept generates creative economy. For instance, the spaces enable entrepreneurship to take off.<\/p>\n

In Workspace 1, food and beverage providers share the space which not only develops job opportunities but also talent and a platform to share ideas.<\/p>\n

Homegrown travel website, Bayonia.com, a travel booking website catered to Cambodians, which is based in Siem Reap, has a sales and marketing team in Emerald Hub co-working space to meet the needs of its users, most of whom are from Phnom Penh.<\/p>\n

To encourage growth of its members, co-working space hosts events such as training seminars and talks to help businesses.<\/p>\n

It fosters connection and serves as a platform for businesses to gain new clienteles.<\/p>\n

Newcomer Trybe, a co-working space located in central Phnom Penh, differentiates itself by providing 3D design and printing classes to attract interested parties.<\/p>\n

While the concept remains novel, the workspace segment has its challenges including the rise of cafes with wifi facilities.<\/p>\n

To overcome them, these spaces need to localise 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.<\/p>\n

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.<\/p>\n","protected":false},"excerpt":{"rendered":"

Co-working spaces are gaining momentum in Phnom Penh as they not only offer workspace but also work-life balance<\/p>\n","protected":false},"author":3,"featured_media":1973,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_mi_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"_FSMCFIC_featured_image_caption":"Workspace 1 in The Factory is part of the growing co-working space culture in Phnom Penh Workspace 1 FB","_FSMCFIC_featured_image_nocaption":null,"_FSMCFIC_featured_image_hide":null,"footnotes":""},"categories":[258],"tags":[25,442,441],"yoast_head":"\nCo-working space culture spreads in Phnom Penh - CapitalCambodia<\/title>\n<meta name=\"description\" content=\"Co-working spaces are gaining momentum in Phnom Penh as they not only offer workspace but also work-life balance\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/capitalcambodia.com\/co-working-space-culture-spreads-in-phnom-penh\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Co-working space culture spreads in Phnom Penh - 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