There are only three office towers in Myanmar: Sakura Tower, FMI Centre, and Centrepoint. Sakura Tower is completely occupied.
According to The Phuket Insider, office space in Yangon is being rented at 150 USD per square meter.
Property reserved for future business districts is going at 4,000 USD per square meter.
Yangon’s total stock of office space is only 63,000 sqm, which represents less than 1% of 8.1mn sqm of office space in Bangkok.
As demand by foreign companies increased, the average rental rates for office space in 2012 year-to-date jumped 50%. In the downtown area, office rental rates currently exceed US$50 per sqm/month. The retail supply in Yangon is also very low compared to its peers in Asia-Pacific, although at over 150,000 sqm it is significantly more than office space
Total stock of office space
Did You Know?
The climate of Myanmar is generally humid, and it receives less rainfall but the temperature remains quite mild all through the year.