Central Business District – CBD | Real Estate Definition of Central Business District (CBD) by Crepedia

Central Business District | Urban Planning And Real Estate Development

What Is The Central Business District Or 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.

What Urban Growth Models Are Based On the CBD?

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.