Commercial Real Estate Dictionary

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Central business district (CBD)

Definitions of Central business district (CBD)
  • The central business district, or CBD, is the downtown or center of commercial activity in a city.
    Los Angeles has made a significant investment in revitalizing its Central Business District turning it into an attractive place to be located.


What Is The Central Business District? What Is A CBD?

The central business district, or CBD, is the center of business and economic activity in an urban area. The high concentration of business activity tends to push land values higher than in surrounding areas.

Many models of urban development center their theories of urban growth around the central business district. These models include the sector theory and concentric zone model of urban development. These models address different patterns of growth driven by access and land values relative to the CBD.

Major cities around the world have easily identifiable central business districts. New York, Chicago, and Los Angeles all have downtown areas considered to be central business districts.


        

Real Estate Terms

1. How much cash will be required to make your mortgage payments? Debt Service >>


2. Who can you go to to finance your construction or development project? Construction Lender >>


3. What professional can assist you in maximizing the value of your investment property? Asset Manager >>


4. How can we assess future commitment to infrastructure to support our communities and future development? Capital Improvements Projects >>


5. What measurement indicates if a property's financial performance can cover its debt? DSCR >>


6. What part of a city is the center of urban economic development? CBD >>


7. What allows property owners and professionals to estimate the market value of a commercial property? Comparable Property >>


8. What can landords do to entice prospective tenants? Concession >>


9. What critical factor do stores depend on to drive traffic? Anchor Tenant >>


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