All financial roads lead to ratchadaphisek | Bangkok Post: news

Ratchadaphisek Road stands to become the future financial district of Bangkok. The road will be home to the AIA Capital Centre, a 35-storey commercial office building, and the Stock Exchange of Thailand's new office, which will form an integral part of the country's first financial hub.

Recently office space in the area was limited to 296,482 square metres. The average occupancy rate as of the end of last year was high at nearly 90%. The average rental rate increased from 502.5 baht per square metre in 2008 to 530 baht last year. Rama XI Road and most parts of Ratchadaphisek will see an increase in new office buildings with a total area of 211,195 square metres.

Ratchadaphisek is already Bangkok's latest lifestyle hub. The area is surrounded by shopping venues such as Central Plaza Grand Rama 9, the Esplanade and Fortune Town IT Mall, among others. There's also a thriving nightlife scene there with many pubs and entertainment venues such as RCA. Ratchadaphisek is also close to many schools and universities, including the Srinakarinwirot University Prasarnmit Demonstration School, St Dominic School and the Wattana Wittaya Academy. It is also close to many hospitals such as Rama 9 Hospital and Piyavej.