Central business district
Encyclopedia
Activity centre
Activity centre is a term used in urban planning and design for a mixed-use urban area where there is a concentration of commercial and other land uses...
) is the commercial and often geographic heart of a city. In North America
North America
North America is a continent wholly within the Northern Hemisphere and almost wholly within the Western Hemisphere. It is also considered a northern subcontinent of the Americas...
this part of a city is commonly referred to as "downtown
Downtown
Downtown is a term primarily used in North America by English speakers to refer to a city's core or central business district ....
" or "city center". "City centre" is commonly used in Britain
Great Britain
Great Britain or Britain is an island situated to the northwest of Continental Europe. It is the ninth largest island in the world, and the largest European island, as well as the largest of the British Isles...
, Ireland
Ireland
Ireland is an island to the northwest of continental Europe. It is the third-largest island in Europe and the twentieth-largest island on Earth...
and Canada
Canada
Canada is a North American country consisting of ten provinces and three territories. Located in the northern part of the continent, it extends from the Atlantic Ocean in the east to the Pacific Ocean in the west, and northward into the Arctic Ocean...
.
Overview
The term city place is similar to CBD in that both serve the same purpose for the city, and both are marked by a higher-than-usual urban density as well as often having the tallest buildings in a city. City centre differs from downtown in that the latter can be geographically located anywhere in a city, while a city centre is generally located near the geographic heart of the city. London
London
London is the capital city of :England and the :United Kingdom, the largest metropolitan area in the United Kingdom, and the largest urban zone in the European Union by most measures. Located on the River Thames, London has been a major settlement for two millennia, its history going back to its...
arguably has three city centres, the City of London
City of London
The City of London is a small area within Greater London, England. It is the historic core of London around which the modern conurbation grew and has held city status since time immemorial. The City’s boundaries have remained almost unchanged since the Middle Ages, and it is now only a tiny part of...
, the medieval City of Westminster
City of Westminster
The City of Westminster is a London borough occupying much of the central area of London, England, including most of the West End. It is located to the west of and adjoining the ancient City of London, directly to the east of the Royal Borough of Kensington and Chelsea, and its southern boundary...
and the transformed Docklands area. Mexico City
Mexico City
Mexico City is the Federal District , capital of Mexico and seat of the federal powers of the Mexican Union. It is a federal entity within Mexico which is not part of any one of the 31 Mexican states but belongs to the federation as a whole...
also has more than one city centre: Centro Histórico
Historic center of Mexico City
The historic center of Mexico City is also known as the "Centro" or "Centro Histórico." This neighborhood is focused on the Zócalo or main plaza in Mexico City and extends in all directions for a number of blocks with its farthest extent being west to the Alameda Central The Zocalo is the largest...
, the colonial; Paseo de la Reforma
Reforma
Reforma is a Mexican newspaper based in Mexico City. It has 276,700 readers in Mexico City. The paper shares content with other papers in parent newsgroup Grupo Reforma. The cumulative readership of the newsgroup is above 400,000...
- Polanco (Mexico) the mid-late 20th century CBD, and Santa Fe
Santa Fe (Mexico City)
thumb|400px|Panoramic view of Santa Fethumb|200px|Carlos Lazo AveSanta Fe or City Santa Fe is one of Mexico City's major business districts, located in the west part of the city in the delegaciones of Cuajimalpa and Álvaro Obregón. Paseo de la Reforma and Constituyentes are the primary means of...
, the new CBD. In Taipei
Taipei
Taipei City is the capital of the Republic of China and the central city of the largest metropolitan area of Taiwan. Situated at the northern tip of the island, Taipei is located on the Tamsui River, and is about 25 km southwest of Keelung, its port on the Pacific Ocean...
, Taiwan
Taiwan
Taiwan , also known, especially in the past, as Formosa , is the largest island of the same-named island group of East Asia in the western Pacific Ocean and located off the southeastern coast of mainland China. The island forms over 99% of the current territory of the Republic of China following...
, the area around its main railway station is regarded as the historic city centre while the Xinyi Planned Area located to the east of the said railway station is the current CBD of Taipei and not only is it considered the financial district of Taipei, but it is arguably the premier shopping area in Taipei and Taipei's most modern cosmopolitan district. Taipei 101
Taipei 101
Taipei 101 , formerly known as the Taipei World Financial Center, is a landmark skyscraper located in Xinyi District, Taipei, Taiwan. The building ranked officially as the world's tallest from 2004 until the opening of the Burj Khalifa in Dubai in 2010...
, Taipei's tallest building and currently the world's second tallest habitable skyscraper, is located in Xinyi Planned Area.
The shape and type of a CBD or downtown almost always closely reflect the city's history. Cities with maximum building height restrictions often have a separate historic section quite apart from the financial and administrative district. In cities that grew up suddenly and more recently, such as those in the western half of North America, a single central area will often contain all the tallest buildings. It has been said that downtowns (as understood in North America) are therefore a separate phenomenon.
Central business districts usually have very small resident populations. For example, the population of the City of London
City of London
The City of London is a small area within Greater London, England. It is the historic core of London around which the modern conurbation grew and has held city status since time immemorial. The City’s boundaries have remained almost unchanged since the Middle Ages, and it is now only a tiny part of...
declined from over 200,000 in the year 1700 to less than 10,000 today. In some instances, however (and particularly in large Australian and Canadian cities), CBD populations are increasing as younger professional and business workers move into city centre apartments.
Central Business District is the central district of any town or major city.
Usage
The alternative term city centre is used in BritainGreat Britain
Great Britain or Britain is an island situated to the northwest of Continental Europe. It is the ninth largest island in the world, and the largest European island, as well as the largest of the British Isles...
and Ireland
Ireland
Ireland is an island to the northwest of continental Europe. It is the third-largest island in Europe and the twentieth-largest island on Earth...
, and also in some urban areas of British-influenced countries, such as the Commonwealth
Commonwealth of Nations
The Commonwealth of Nations, normally referred to as the Commonwealth and formerly known as the British Commonwealth, is an intergovernmental organisation of fifty-four independent member states...
and Mainland China
Mainland China
Mainland China, the Chinese mainland or simply the mainland, is a geopolitical term that refers to the area under the jurisdiction of the People's Republic of China . According to the Taipei-based Mainland Affairs Council, the term excludes the PRC Special Administrative Regions of Hong Kong and...
, or the equivalent city center in some Rocky Mountain
Rocky Mountains
The Rocky Mountains are a major mountain range in western North America. The Rocky Mountains stretch more than from the northernmost part of British Columbia, in western Canada, to New Mexico, in the southwestern United States...
cities such as Salt Lake City or Cheyenne
Cheyenne, Wyoming
Cheyenne is the capital and most populous city of the U.S. state of Wyoming and the county seat of Laramie County. It is the principal city of the Cheyenne, Wyoming, Metropolitan Statistical Area which encompasses all of Laramie County. The population is 59,466 at the 2010 census. Cheyenne is the...
in the United States. In the United Kingdom
United Kingdom
The United Kingdom of Great Britain and Northern IrelandIn the United Kingdom and Dependencies, other languages have been officially recognised as legitimate autochthonous languages under the European Charter for Regional or Minority Languages...
, Australia
Australia
Australia , officially the Commonwealth of Australia, is a country in the Southern Hemisphere comprising the mainland of the Australian continent, the island of Tasmania, and numerous smaller islands in the Indian and Pacific Oceans. It is the world's sixth-largest country by total area...
, South Africa
South Africa
The Republic of South Africa is a country in southern Africa. Located at the southern tip of Africa, it is divided into nine provinces, with of coastline on the Atlantic and Indian oceans...
, Canada
Canada
Canada is a North American country consisting of ten provinces and three territories. Located in the northern part of the continent, it extends from the Atlantic Ocean in the east to the Pacific Ocean in the west, and northward into the Arctic Ocean...
and New Zealand
New Zealand
New Zealand is an island country in the south-western Pacific Ocean comprising two main landmasses and numerous smaller islands. The country is situated some east of Australia across the Tasman Sea, and roughly south of the Pacific island nations of New Caledonia, Fiji, and Tonga...
, the term is often just shortened to "city", as in "going to the city". This term is also used in the New York City
New York City
New York is the most populous city in the United States and the center of the New York Metropolitan Area, one of the most populous metropolitan areas in the world. New York exerts a significant impact upon global commerce, finance, media, art, fashion, research, technology, education, and...
area in the same manner, using the term the city to mean Manhattan
Manhattan
Manhattan is the oldest and the most densely populated of the five boroughs of New York City. Located primarily on the island of Manhattan at the mouth of the Hudson River, the boundaries of the borough are identical to those of New York County, an original county of the state of New York...
. Similarly, San Francisco is referred to as "the City" in the Bay Area. One exception is in London
London
London is the capital city of :England and the :United Kingdom, the largest metropolitan area in the United Kingdom, and the largest urban zone in the European Union by most measures. Located on the River Thames, London has been a major settlement for two millennia, its history going back to its...
where "the City" specifically refers to the City of London
City of London
The City of London is a small area within Greater London, England. It is the historic core of London around which the modern conurbation grew and has held city status since time immemorial. The City’s boundaries have remained almost unchanged since the Middle Ages, and it is now only a tiny part of...
financial district rather than to any other part of Central London
Central London
Central London is the innermost part of London, England. There is no official or commonly accepted definition of its area, but its characteristics are understood to include a high density built environment, high land values, an elevated daytime population and a concentration of regionally,...
. In many parts of the world, including the UK, Australia, New Zealand, South Africa, India
India
India , officially the Republic of India , is a country in South Asia. It is the seventh-largest country by geographical area, the second-most populous country with over 1.2 billion people, and the most populous democracy in the world...
(especially Mumbai
Mumbai
Mumbai , formerly known as Bombay in English, is the capital of the Indian state of Maharashtra. It is the most populous city in India, and the fourth most populous city in the world, with a total metropolitan area population of approximately 20.5 million...
, where CBD is also known as "Townside") and Ireland, it is often also referred to as "town" ("going (in)to town", "going up town", or "going down town").
Australia
The term is used to refer to the business and financial area of a state capital city such as the Sydney CBDSydney central business district
The Sydney central business district is the main commercial centre of Sydney, New South Wales, Australia. It extends southwards for about 3 kilometres from Sydney Cove, the point of first European settlement. Its north–south axis runs from Circular Quay in the north to Central railway station in...
, Melbourne CBD
Melbourne city centre
Melbourne City Centre is an area of Melbourne in Victoria, Australia. It is not to be confused with the larger local government area of the City of Melbourne...
, Brisbane CBD
Brisbane central business district
The Brisbane central business district , sometimes referred to as the city, is a suburb of Brisbane, Queensland, Australia and is located on a point on the northern bank of the Brisbane River. The triangular shaped area is bounded by the Brisbane River to the east, south and west...
, Perth CBD and Adelaide CBD
Adelaide city centre
The Adelaide city centre is the innermost locality of Greater Adelaide, known by locals simply as "The City" or "Town". The locality is split into two key geographical distinctions: the city "square mile", bordered by North, East, South and West Terraces; and that part of the Adelaide Parklands...
.
Argentina
The Buenos Aires central business districtBuenos Aires Central Business District
The Buenos Aires central business district , is the main commercial centre of Buenos Aires, Argentina, though not an official city ward.-Overview:...
(CBD and also referred to as the City Porteña), is the main commercial centre of Buenos Aires, the capital of Argentina. The actual area was the point of first European settlement. Its north-south axis runs from Monserrat in the north to Retiro railway station in the south. Its east-west axis runs from Buenos Aires Ecological Reserve and Puerto Madero
Puerto Madero
Puerto Madero, also known within the urban planning community as the Puerto Madero Waterfront, is a barrio of the Argentine capital at Buenos Aires CBD, occupying a significant portion of the Río de la Plata riverbank and representing the latest architectural trends in the city of Buenos...
.
The district is the financial, commercial, and cultural hub of Argentina
Argentina
Argentina , officially the Argentine Republic , is the second largest country in South America by land area, after Brazil. It is constituted as a federation of 23 provinces and an autonomous city, Buenos Aires...
. Its port is one of the busiest in South America
South America
South America is a continent situated in the Western Hemisphere, mostly in the Southern Hemisphere, with a relatively small portion in the Northern Hemisphere. The continent is also considered a subcontinent of the Americas. It is bordered on the west by the Pacific Ocean and on the north and east...
; navigable rivers by way of the Río de la Plata
Río de la Plata
The Río de la Plata —sometimes rendered River Plate in British English and the Commonwealth, and occasionally rendered [La] Plata River in other English-speaking countries—is the river and estuary formed by the confluence of the Uruguay River and the Paraná River on the border between Argentina and...
connect the port to north-east Argentina, Brazil
Brazil
Brazil , officially the Federative Republic of Brazil , is the largest country in South America. It is the world's fifth largest country, both by geographical area and by population with over 192 million people...
, Uruguay
Uruguay
Uruguay ,officially the Oriental Republic of Uruguay,sometimes the Eastern Republic of Uruguay; ) is a country in the southeastern part of South America. It is home to some 3.5 million people, of whom 1.8 million live in the capital Montevideo and its metropolitan area...
and Paraguay
Paraguay
Paraguay , officially the Republic of Paraguay , is a landlocked country in South America. It is bordered by Argentina to the south and southwest, Brazil to the east and northeast, and Bolivia to the northwest. Paraguay lies on both banks of the Paraguay River, which runs through the center of the...
. As a result it serves as the distribution hub for a vast area of the south-eastern region of the South American continent. Tax collection related to the port has caused many political problems in the past. Measured in GDP, the economy of Buenos Aires was the 13th largest economy among the world's cities in 2005 at US$245 billion in purchasing power parity, which, based on the population of that year, translates into US$19,500 per capita. The Buenos Aires Human Development Index (0.923 in 1998) is likewise high by international standards.
The city's services sector is diversified and well-developed by international standards and accounts for 78% of its economy (compared to 58% for all of Argentina's); advertising, in particular, plays a prominent role in the export of services at home and abroad. Manufacturing is, nevertheless, still prominent in the city's economy (17%) and, concentrated mainly in the southside, it benefits as much from high local purchasing power and a large local supply of skilled labor as it does from its relationship to massive agriculture and industry just outside the city limits themselves.
Brazil
The Sao PauloSão Paulo
São Paulo is the largest city in Brazil, the largest city in the southern hemisphere and South America, and the world's seventh largest city by population. The metropolis is anchor to the São Paulo metropolitan area, ranked as the second-most populous metropolitan area in the Americas and among...
central business district is the Avenida Paulista
Avenida Paulista
Paulista Avenue is one of the most important avenues in São Paulo, Brazil...
, in the region close to the city centre, which is also a financial centre, but has the same influence of decades ago. However, there are other central outside the geographical core, as the districts of Santo Amaro and Itaim Bibi
Itaim Bibi
Itaim Bibi is a district in the subprefecture of Pinheiros in the city of São Paulo, Brazil....
, more precisely the regions of Juscelino Kubitschek, Luís Carlos Berrini and Faria Lima avenues, in southwest-central city, which are characterised by intense vertical, and the presence of luxury hotels and multinational companies.
The biggest financial centre in Brazil
Brazil
Brazil , officially the Federative Republic of Brazil , is the largest country in South America. It is the world's fifth largest country, both by geographical area and by population with over 192 million people...
and one of the biggest finacional centres in the world, Sao Paulo's economy is going through a deep transformation. Once a city with a strong industrial character, São Paulo's economy has become increasingly based on the tertiary sector, focusing on services and businesses for the country. Although being the most important financial centre of the country, Sao Paulo also presents a high degree of informality in its economy.
Rio de Janeiro
Rio de Janeiro
Rio de Janeiro , commonly referred to simply as Rio, is the capital city of the State of Rio de Janeiro, the second largest city of Brazil, and the third largest metropolitan area and agglomeration in South America, boasting approximately 6.3 million people within the city proper, making it the 6th...
downtown remains the heart of the city's business community, and the second largest in South America
South America
South America is a continent situated in the Western Hemisphere, mostly in the Southern Hemisphere, with a relatively small portion in the Northern Hemisphere. The continent is also considered a subcontinent of the Americas. It is bordered on the west by the Pacific Ocean and on the north and east...
. Some of the largest companies in Brazil have their head offices here, including Petrobras
Petrobras
Petróleo Brasileiro or Petrobras is a semi-public Brazilian multinational energy corporation headquartered in Rio de Janeiro, Brazil. It is the largest company in Latin America by market capitalization and revenue, and the largest company headquartered in the Southern Hemisphere by market...
, Eletrobrás
Eletrobrás
Eletrobras is a major Brazilian power utility. It's also Latin America's biggest power utility company, tenth largest in the world and is also the fourth largest clean energy company in the world. It is currently expanding its operations in the continent, as well as in Africa. The company's full...
and Vale (formerly Companhia Vale do Rio Doce), three of the largest Brazilian corporations.
Germany
Germany
Germany , officially the Federal Republic of Germany , is a federal parliamentary republic in Europe. The country consists of 16 states while the capital and largest city is Berlin. Germany covers an area of 357,021 km2 and has a largely temperate seasonal climate...
the terms Innenstadt and Stadtzentrum may be used to describe the central business district. Both terms can be literally translated to mean "inner city
Inner city
The inner city is the central area of a major city or metropolis. In the United States, Canada, United Kingdom and Ireland, the term is often applied to the lower-income residential districts in the city centre and nearby areas...
" and "city centre". Some of the larger cities
Metropolitan regions in Germany
The Metropolitan regions in Germany are eleven densely populated areas in the Federal Republic of Germany. They comprise the major German cities and their surrounding catchment areas and form the political, commercial and cultural centers of the country...
have more than one central business district, like Berlin
Berlin
Berlin is the capital city of Germany and is one of the 16 states of Germany. With a population of 3.45 million people, Berlin is Germany's largest city. It is the second most populous city proper and the seventh most populous urban area in the European Union...
which has three. Due to Berlin's history of division during the Cold War
Cold War
The Cold War was the continuing state from roughly 1946 to 1991 of political conflict, military tension, proxy wars, and economic competition between the Communist World—primarily the Soviet Union and its satellite states and allies—and the powers of the Western world, primarily the United States...
, the city contains central business districts both in West Kurfürstendamm
Kurfürstendamm
The Kurfürstendamm, known locally as the Ku'damm, is one of the most famous avenues in Berlin. The street takes its name from the former Kurfürsten of Brandenburg. This very broad, long boulevard can be considered the Champs-Élysées of Berlin — full of shops, houses, hotels and restaurants...
and East Berlin (Alexanderplatz
Alexanderplatz
Alexanderplatz is a large public square and transport hub in the central Mitte district of Berlin, near the Fernsehturm. Berliners often call it simply Alex, referring to a larger neighborhood stretching from Mollstraße in the northeast to Spandauer Straße and the City Hall in the southwest.-Early...
), as well as a newly built business centre near Potsdamer Platz
Potsdamer Platz
Potsdamer Platz is an important public square and traffic intersection in the centre of Berlin, Germany, lying about one kilometre south of the Brandenburg Gate and the Reichstag , and close to the southeast corner of the Tiergarten park...
. The city's historic centre, location of the Reichstag building as well as the Brandenburg gate
Brandenburg Gate
The Brandenburg Gate is a former city gate and one of the most well-known landmarks of Berlin and Germany. It is located west of the city centre at the junction of Unter den Linden and Ebertstraße, immediately west of the Pariser Platz. It is the only remaining gate of a series through which...
and most federal ministries was largely abandoned when the Berlin Wall
Berlin Wall
The Berlin Wall was a barrier constructed by the German Democratic Republic starting on 13 August 1961, that completely cut off West Berlin from surrounding East Germany and from East Berlin...
cut through the area. Only after the reunification with the construction of numerous shopping centres, government ministries, embassies, office buildings and entertainment venues, was the area revived. In Frankfurt
Frankfurt
Frankfurt am Main , commonly known simply as Frankfurt, is the largest city in the German state of Hesse and the fifth-largest city in Germany, with a 2010 population of 688,249. The urban area had an estimated population of 2,300,000 in 2010...
there is a business district which is in the geographical centre of the city and is called the Bankenviertel.
India
Central business district
A central business district is the commercial and often geographic heart of a city. In North America this part of a city is commonly referred to as "downtown" or "city center"...
that is moving some of the economy out of congested central Mumbai
Mumbai
Mumbai , formerly known as Bombay in English, is the capital of the Indian state of Maharashtra. It is the most populous city in India, and the fourth most populous city in the world, with a total metropolitan area population of approximately 20.5 million...
into the hinterland. Belapur is also one of the largest assembly constituencies from this region. CBD Belapur has been growing since the 1990s, and is now home to colleges as well as a number of technology businesses.
It was designed and developed in order to promote businesses. The Reserve Bank of India
Reserve Bank of India
The Reserve Bank of India is the central banking institution of India and controls the monetary policy of the rupee as well as US$300.21 billion of currency reserves. The institution was established on 1 April 1935 during the British Raj in accordance with the provisions of the Reserve Bank of...
maintains a branch office at CBD Belapur. This area is one of the fastest developing region in Navi Mumbai in terms of new residential and commercial construction projects.
Pakistan
In PakistanPakistan
Pakistan , officially the Islamic Republic of Pakistan is a sovereign state in South Asia. It has a coastline along the Arabian Sea and the Gulf of Oman in the south and is bordered by Afghanistan and Iran in the west, India in the east and China in the far northeast. In the north, Tajikistan...
, a central business district or a large, concentrated urban setting within a settlement is called a shehar. Karachi
Karachi
Karachi is the largest city, main seaport and the main financial centre of Pakistan, as well as the capital of the province of Sindh. The city has an estimated population of 13 to 15 million, while the total metropolitan area has a population of over 18 million...
is Pakistan's largest city and the country's economic hub; the Ibrahim Ismail Chundrigar Road
Ibrahim Ismail Chundrigar Road
Ibrahim Ismail Chundrigar Road aka I. I. Chundrigar Road could be considered the financial headquarters of Pakistan and the center of Karachi's banking and financial institutions. Situated in the heart of Karachi, Sindh, it was known as McLeod Road during the Colonial rule but was later renamed...
of the city, often called the "Wall Street of Pakistan," acts as Karachi's main financial district and is essentially a center of economic and industrial activity.
Santa Fe
Santa Fe (Mexico City)
thumb|400px|Panoramic view of Santa Fethumb|200px|Carlos Lazo AveSanta Fe or City Santa Fe is one of Mexico City's major business districts, located in the west part of the city in the delegaciones of Cuajimalpa and Álvaro Obregón. Paseo de la Reforma and Constituyentes are the primary means of...
, CBD in Mexico City
Mexico City
Mexico City is the Federal District , capital of Mexico and seat of the federal powers of the Mexican Union. It is a federal entity within Mexico which is not part of any one of the 31 Mexican states but belongs to the federation as a whole...
Peru
In PeruPeru
Peru , officially the Republic of Peru , is a country in western South America. It is bordered on the north by Ecuador and Colombia, on the east by Brazil, on the southeast by Bolivia, on the south by Chile, and on the west by the Pacific Ocean....
the central business district is San Isidro, in Lima
Lima
Lima is the capital and the largest city of Peru. It is located in the valleys of the Chillón, Rímac and Lurín rivers, in the central part of the country, on a desert coast overlooking the Pacific Ocean. Together with the seaport of Callao, it forms a contiguous urban area known as the Lima...
, which hosts the majority of Peru's financial industry headquarters. Although still a largely residential district, the commercial and business activity located in or in the vicinity of the area defined by avenues Camino Real, Javier Prado Este, República de Panamá and Aramburú is highly regarded as Peru's financial and corporate heart. It has a permanent population of around 63,000 inhabitants and, during weekday business hours, a floating population that exceeds 700,000 daily commuters from other districts of Lima
Lima
Lima is the capital and the largest city of Peru. It is located in the valleys of the Chillón, Rímac and Lurín rivers, in the central part of the country, on a desert coast overlooking the Pacific Ocean. Together with the seaport of Callao, it forms a contiguous urban area known as the Lima...
. San Isidro is served by three stations of El Metropolitano
El Metropolitano
El Metropolitano is a new Bus Rapid Transit system serving the city of Lima, Peru. Its construction began in the year 2006 during Luis Castañeda Lossio's period as Mayor of Lima.-Services:...
, Lima's bus rapid transit
Bus rapid transit
Bus rapid transit is a term applied to a variety of public transportation systems using buses to provide faster, more efficient service than an ordinary bus line. Often this is achieved by making improvements to existing infrastructure, vehicles and scheduling...
system: Estación Javier Prado, Estación Canaval y Moreyra (with over 16,000 daily passengers) and Estación Aramburú.
Since the late 2000s the southeastern district of Surco has experienced a significant increase in upscale corporate developments in the area comprised by avenues Manuel Holguín, El Derby, El Polo and La Encalada due to lower restrictions to grant construction licences and proximity to residential middle and upper class districts and is set to become, after traditional San Isidro and Miraflores
Miraflores District
Miraflores is a district of the Lima Province in Peru. Known for its shopping areas, gardens, flower-filled parks and beaches, it is one of the upscale districts that make up the city of Lima....
, the new corporate center of Lima
Lima
Lima is the capital and the largest city of Peru. It is located in the valleys of the Chillón, Rímac and Lurín rivers, in the central part of the country, on a desert coast overlooking the Pacific Ocean. Together with the seaport of Callao, it forms a contiguous urban area known as the Lima...
.
Poland
In PolandPoland
Poland , officially the Republic of Poland , is a country in Central Europe bordered by Germany to the west; the Czech Republic and Slovakia to the south; Ukraine, Belarus and Lithuania to the east; and the Baltic Sea and Kaliningrad Oblast, a Russian exclave, to the north...
, the terms Śródmieście may be used to describe the central business district. In many of the largest Polish cities, however, śródmieście refers to an historic district rather than a business district, or it may not be used at all.
South Africa
South African cities like Cape TownCape Town
Cape Town is the second-most populous city in South Africa, and the provincial capital and primate city of the Western Cape. As the seat of the National Parliament, it is also the legislative capital of the country. It forms part of the City of Cape Town metropolitan municipality...
and Johannesburg
Johannesburg
Johannesburg also known as Jozi, Jo'burg or Egoli, is the largest city in South Africa, by population. Johannesburg is the provincial capital of Gauteng, the wealthiest province in South Africa, having the largest economy of any metropolitan region in Sub-Saharan Africa...
have three CBDs while cities like Durban
Durban
Durban is the largest city in the South African province of KwaZulu-Natal and the third largest city in South Africa. It forms part of the eThekwini metropolitan municipality. Durban is famous for being the busiest port in South Africa. It is also seen as one of the major centres of tourism...
and Port Elizabeth have only one. Cape Town is known for having South Africa's most iconic skyline (including the famous Table Mountain
Table Mountain
Table Mountain is a flat-topped mountain forming a prominent landmark overlooking the city of Cape Town in South Africa, and is featured in the flag of Cape Town and other local government insignia. It is a significant tourist attraction, with many visitors using the cableway or hiking to the top...
) and CBD.
Francophonie
France
The French Republic , The French Republic , The French Republic , (commonly known as France , is a unitary semi-presidential republic in Western Europe with several overseas territories and islands located on other continents and in the Indian, Pacific, and Atlantic oceans. Metropolitan France...
and French-speaking regions, the most common term for a city's centre is centre-ville (town centre). In many of the largest francophone cities, however, centre-ville refers to an historic district
Historic district
A historic district or heritage district is a section of a city which contains older buildings considered valuable for historical or architectural reasons. In some countries, historic districts receive legal protection from development....
rather than a business district, or it may not be used at all.
In Paris
Paris
Paris is the capital and largest city in France, situated on the river Seine, in northern France, at the heart of the Île-de-France region...
, the main business district is in La Défense
La Défense
La Défense is a major business district of the Paris aire urbaine. With a population of 20,000, it is centered in an orbital motorway straddling the Hauts-de-Seine département municipalities of Nanterre, Courbevoie and Puteaux...
, distant from the geographical centre of the city, on the western edge of the boundaries of the Paris commune
Communes of France
The commune is the lowest level of administrative division in the French Republic. French communes are roughly equivalent to incorporated municipalities or villages in the United States or Gemeinden in Germany...
(municipality). The historic centre of Brussels is bounded by the inner ring road
Small ring (Brussels)
The Brussels small ring or inner ring road is a series of roadways in central Brussels, Belgium, surrounding the historic city centre. It was built on the site of the Second walls of Brussels, built in the 16th century, after they were torn down....
. However, the financial and administrative district is the Leopold Quarter
Leopold Quarter
The Leopold Quarter is a quarter of Brussels, Belgium. Today the term is sometimes confused with European Quarter, as the area has come to be dominated by the institutions of the European Union and organisations dealing with them, although the two terms are not in fact the same, with the Leopold...
. Montreal
Montreal
Montreal is a city in Canada. It is the largest city in the province of Quebec, the second-largest city in Canada and the seventh largest in North America...
's historic core, Old Montreal
Old Montreal
Old Montreal is the oldest area in the city of Montreal, Quebec, Canada, dating back to New France. Located in the borough of Ville-Marie, the area is bordered on the west by McGill St., on the north by Ruelle des Fortifications, on the east by Berri St. and on the south by the Saint Lawrence River...
, is no longer the financial district, which is now Downtown Montreal
Downtown Montreal
Downtown Montreal is the central business district of Montreal, Quebec, Canada. It is nearly enitirely located at the southern most slope of Mount Royal and is approximately bounded by Sherbrooke Street to the north, Papineau Avenue to the east, Guy Street or until Shaughnessy Village to the west,...
.
Some francophone cities use centre-ville to refer to the CBD. In Beirut
Beirut
Beirut is the capital and largest city of Lebanon, with a population ranging from 1 million to more than 2 million . Located on a peninsula at the midpoint of Lebanon's Mediterranean coastline, it serves as the country's largest and main seaport, and also forms the Beirut Metropolitan...
, for example, although the CBD is officially called Beirut Central District
Beirut Central District
The Beirut Central District or Centre Ville is the name given to Beirut’s historical and geographical core, the “vibrant financial, commercial, and administrative hub of the country.” At the heart of Lebanon’s capital, Beirut Central District is an area thousands of years old, traditionally a...
, the Lebanese use the French term centre-ville.
United States and Canada
In the United StatesUnited States
The United States of America is a federal constitutional republic comprising fifty states and a federal district...
and Canada
Canada
Canada is a North American country consisting of ten provinces and three territories. Located in the northern part of the continent, it extends from the Atlantic Ocean in the east to the Pacific Ocean in the west, and northward into the Arctic Ocean...
, central business districts are often referred to as "downtown" (even if there is no "uptown"). In most cities the downtown area will be home to the financial district
Financial District
A Financial District is the central area in some large cities where banks, insurance companies and other large corporations have head offices. Financial districts are often home to skyscrapers...
, but usually contains entertainment and retail of some kind as well. The downtown areas of many cities, such as Chicago
Chicago
Chicago is the largest city in the US state of Illinois. With nearly 2.7 million residents, it is the most populous city in the Midwestern United States and the third most populous in the US, after New York City and Los Angeles...
, New Orleans and Houston, are also home to large sports and convention venues. Historic sections of a central business district may be referred to as "old town", while decaying parts of the centre city are commonly referred to as the "inner city
Inner city
The inner city is the central area of a major city or metropolis. In the United States, Canada, United Kingdom and Ireland, the term is often applied to the lower-income residential districts in the city centre and nearby areas...
". The term inner city is sometimes not used literally but rather evocatively, applying a negative connotation and referring paradoxically to peripheral areas blighted during a mass exodus of middle class residents.
Some cities in the United States, such as Minneapolis, and Dallas, have mixed use
Mixed-use development
Mixed-use development is the use of a building, set of buildings, or neighborhood for more than one purpose. Since the 1920s, zoning in some countries has required uses to be separated. However, when jobs, housing, and commercial activities are located close together, a community's transportation...
districts known as "uptown" in addition to the primary downtown core areas. In some cities, such as Charlotte, North Carolina
Charlotte, North Carolina
Charlotte is the largest city in the U.S. state of North Carolina and the seat of Mecklenburg County. In 2010, Charlotte's population according to the US Census Bureau was 731,424, making it the 17th largest city in the United States based on population. The Charlotte metropolitan area had a 2009...
, Chicago, Illinois and Oklahoma City
Oklahoma city
Oklahoma City is the capital and largest city of the U.S. state of Oklahoma.Oklahoma City may also refer to:*Oklahoma City metropolitan area*Downtown Oklahoma City*Uptown Oklahoma City*Oklahoma City bombing*Oklahoma City National Memorial...
, "uptown" is instead the historic name for a separate business centre or neighbourhood. Philadelphia and Wilmington, Delaware
Wilmington, Delaware
Wilmington is the largest city in the state of Delaware, United States, and is located at the confluence of the Christina River and Brandywine Creek, near where the Christina flows into the Delaware River. It is the county seat of New Castle County and one of the major cities in the Delaware Valley...
use the term center city instead of downtown for their central business districts. In Canada, "city centre" is used, more or less, as a synonym for "downtown". Some cities, such as Toronto
Toronto
Toronto is the provincial capital of Ontario and the largest city in Canada. It is located in Southern Ontario on the northwestern shore of Lake Ontario. A relatively modern city, Toronto's history dates back to the late-18th century, when its land was first purchased by the British monarchy from...
, regard as many as four business districts as being central. In other cities, like Los Angeles
Los Ángeles
Los Ángeles is the capital of the province of Biobío, in the commune of the same name, in Region VIII , in the center-south of Chile. It is located between the Laja and Biobío rivers. The population is 123,445 inhabitants...
and Indianapolis
Indianapolis
Indianapolis is the capital of the U.S. state of Indiana, and the county seat of Marion County, Indiana. As of the 2010 United States Census, the city's population is 839,489. It is by far Indiana's largest city and, as of the 2010 U.S...
, the city core is simply known as "downtown". In New Orleans, the phrase Central Business District is used; and while downtown is sometimes used synonymously, traditionally it referred to parts of the city downriver from Canal Street
Canal Street, New Orleans
Canal Street is a major thoroughfare in the city of New Orleans. Forming the upriver boundary of the city's oldest neighborhood, the French Quarter , it acted as the dividing line between the older French/Spanish Colonial-era city and the newer American Sector, today's Central Business District.The...
, which would not include the CBD. One exception is the population in Seattle, local residents refer to the center of the city as the CBD. In Miami, "Downtown Miami
Downtown Miami
Downtown Miami is an urban residential neighborhood, and the central business district of Miami, Miami-Dade County, and South Florida in the United States...
" refers to the neighborhoods (such as Brickell
Brickell
Brickell is an urban neighborhood in Miami, Florida, United States. A neighborhood of greater Downtown Miami, Brickell is Miami and South Florida's major financial district.-Background:...
and Omni) within the city center, not just the central business district.
By broad definition, New York City
New York City
New York is the most populous city in the United States and the center of the New York Metropolitan Area, one of the most populous metropolitan areas in the world. New York exerts a significant impact upon global commerce, finance, media, art, fashion, research, technology, education, and...
's CBD comprises the whole southern half or third of Manhattan
Manhattan
Manhattan is the oldest and the most densely populated of the five boroughs of New York City. Located primarily on the island of Manhattan at the mouth of the Hudson River, the boundaries of the borough are identical to those of New York County, an original county of the state of New York...
island. Narrow definitions include only a square mile or two (3–5 km²) of Midtown
Midtown Manhattan
Midtown Manhattan, or simply Midtown, is an area of Manhattan, New York City home to world-famous commercial zones such as Rockefeller Center, Broadway, and Times Square...
as central, with the lowest tenth
Lower Manhattan
Lower Manhattan is the southernmost part of the island of Manhattan, the main island and center of business and government of the City of New York...
of the island, including the Financial District
Financial District, Manhattan
The Financial District of New York City is a neighborhood on the southernmost section of the borough of Manhattan which comprises the offices and headquarters of many of the city's major financial institutions, including the New York Stock Exchange and the Federal Reserve Bank of New York...
, being a secondary business district rather than the central one. Similar narrow and broad definitions are applied to the Chicago's downtown
Chicago Loop
The Loop or Chicago Loop is one of 77 officially designated Chicago community areas located in the City of Chicago, Illinois. It is the historic commercial center of downtown Chicago...
high rise districts.
Land value variations in a CBD
Land users, whether they be retailRetailing
Retail consists of the sale of physical goods or merchandise from a fixed location, such as a department store, boutique or kiosk, or by mail, in small or individual lots for direct consumption by the purchaser. Retailing may include subordinated services, such as delivery. Purchasers may be...
; office
Office
An office is generally a room or other area in which people work, but may also denote a position within an organization with specific duties attached to it ; the latter is in fact an earlier usage, office as place originally referring to the location of one's duty. When used as an adjective, the...
; or residential
Residential area
A residential area is a land use in which housing predominates, as opposed to industrial and commercial areas.Housing may vary significantly between, and through, residential areas. These include single family housing, multi-family residential, or mobile homes. Zoning for residential use may permit...
, all compete for the most accessible land within the CBD. The amount they are willing to pay is called bid rent. This can generally be shown in a ‘bid rent curve’.
Based upon the reasoning that the more accessible the land, generally in the centre, is the more expensive land.
This is called the bid rent theory
Bid rent theory
The bid rent theory is a geographical economic theory that refers to how the price and demand for real estate changes as the distance from the Central Business District increases. It states that different land users will compete with one another for land close to the city centre...
.
Commerce
Commerce
While business refers to the value-creating activities of an organization for profit, commerce means the whole system of an economy that constitutes an environment for business. The system includes legal, economic, political, social, cultural, and technological systems that are in operation in any...
(especially large department stores/chain stores) is willing to pay the greatest rent
Renting
Renting is an agreement where a payment is made for the temporary use of a good, service or property owned by another. A gross lease is when the tenant pays a flat rental amount and the landlord pays for all property charges regularly incurred by the ownership from landowners...
to be located in the inner core. The inner core is very valuable for them because it is traditionally the most accessible location for a large population. This large population is essential for department stores, which require a considerable turnover. As a result, they are willing and able to pay a very high land rent value. They maximise the potential of their site by building many stories.
As one moves from the inner core, the amount commerce is willing to pay declines rapidly.
Industry
Industry
Industry refers to the production of an economic good or service within an economy.-Industrial sectors:There are four key industrial economic sectors: the primary sector, largely raw material extraction industries such as mining and farming; the secondary sector, involving refining, construction,...
, however, is willing to pay to be in the outer core. There is more land available for their factories
Factory
A factory or manufacturing plant is an industrial building where laborers manufacture goods or supervise machines processing one product into another. Most modern factories have large warehouses or warehouse-like facilities that contain heavy equipment used for assembly line production...
, but they still have many of the benefits of the inner core, such as a market place and good communications.
As one moves farther out, so the land is less attractive to industry due to the reducing communication links and a decreasing market place. Because the householder does not rely heavily on these and can now afford the reduced costs (when compared with the inner and outer core) is able to purchase land.
The farther one goes from the inner core and outer core, the cheaper the land. That is why inner city areas are very densely populated (terraces
Terraced house
In architecture and city planning, a terrace house, terrace, row house, linked house or townhouse is a style of medium-density housing that originated in Great Britain in the late 17th century, where a row of identical or mirror-image houses share side walls...
, flats
Apartment
An apartment or flat is a self-contained housing unit that occupies only part of a building...
and highrises
Tower block
A tower block, high-rise, apartment tower, office tower, apartment block, or block of flats, is a tall building or structure used as a residential and/or office building...
), whilst the suburbs and rural areas are sparsely populated (semi and detached houses with gardens).
Secondary Central business district
is a small business district developing close to the central business district. Examples include the Canary WharfCanary Wharf
Canary Wharf is a major business district located in London, United Kingdom. It is one of London's two main financial centres, alongside the traditional City of London, and contains many of the UK's tallest buildings, including the second-tallest , One Canada Square...
financial district in London, which functions as the secondary financial heart of the city.