Myanmar's Foreign Investors Face Office Space Shortage

Companies setting up in Myanmar face a shortage of office space
A building boom in Yangon still isn’t sufficient to meet demand Photograph by Christopher Wise for Bloomberg Businessweek

Sean Danley has spent the past six months in Yangon scouting office space for his U.S.-based employer, which wants to open an outpost in Myanmar. He checked out the city’s three office towers. Annual rents in those buildings, none of which is taller than 27 stories, now surpass $100 a square foot, higher than the $75 average for downtown Manhattan, according to broker CBRE Group.

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