A central business district (CBD) is the commercial and business center of a city. It contains commercial space and offices. In larger cities, it is often synonymous with the city's "financial district". Geographically, it often coincides with the "city center
" or "downtown
", but the concepts are not mutually exclusive: many cities have a central ''business'' district located away from its commercial and or cultural center and or downtown/city center, or even several CBDs at once. For instance, London
's city center is usually regarded as encompassing the historic City of London
and the medieval City of Westminster
, while the City of London
and the transformed Docklands
area containing Canary Wharf
are regarded as its two respective CBDs. In New York City
, Midtown Manhattan
is the largest central business district in the city and in the world. In Chicago
, the Chicago Loop
is the second largest central business district in the United States and in the world. It is also referred to as the core of the city's downtown. Mexico City
also has its own historic city center
, the colonial-era "Centro Histórico," along with two CBDs: the mid-late 20th century Paseo de la Reforma
, and the new Santa Fe
, respectively. Moscow
's largest central business district is the Moscow International Business Center
The shape and type of a CBD almost always closely reflect the city's history. Cities with strong preservation
laws and maximum building height restrictions to retain the character of the historic and cultural core will have a CBD quite a distance from the city center. This practice is quite common for European cities such as Paris
, or Vienna
. In cities in the New World
that grew quickly after the invention of modern transportation such as road
, a single central area or downtown will often contain most of the region's tallest buildings and act both as the CBD and the commercial and cultural city center. Increasing urbanization
in the 21st century have developed megacities
, particularly in Asia
, that will often have multiple CBDs scattered across the urban area. It has been said that downtowns (as understood in North America) are therefore conceptually distinct from both CBDs and city centers. Although no two CBDs look alike in terms of their spatial shape, however, certain geometric patterns in these areas are recurring throughout many cities due to the nature ofa78 centralized
commercial and industrial activities.
In Australia, the acronym "CBD" is used very commonly to refer to major city "centers," in particular, the skyscraper districts in several state capital cities: Adelaide
, and Sydney
File:Sydney City Business District.jpg|Sydney's CBD, Australia's most populous city.
File:Melbourne skyline - cropped and contrast.jpg|Melbourne, Australia's largest CBD.
File:Skylines of Brisbane CBD in June 2019 seen from Paddington, Queensland (cut).jpg|Brisbane CBD
File:Perth (AU), View from Kings Park -- 2019 -- 0435-42.jpg|Perth CBD
The largest CBD in Colombia is arguably Bogotá’s ''Centro Internacional'', where some of the tallest buildings in South America have been repurposed as national headquarters for Scotiabank Colpatria
, among others.
Over the years, Bogotá has developed minor business districts, which include ''Avenida Chile'', ''Ciudad Salitre'', with companies like Avianca
, Johnson & Johnson
, City Express
; or ''Complejo Santa Bárbara'', the last of which features the only W Hotel
in the city.
Colombia’s other notable CBDs include ''Parque Berrío'' in Medellín
'' in Cartagena
(the largest touristic CBD in the country) and ''Paseo de Bolívar'' in Barranquilla
File:Baluarte de Santiago CTG 11 2019 2137.jpg|''Bocagrande'' in Cartagena, the largest CBD in Colombia's Caribbean Region
File:Iglesia de Nuestra Señora de la Candelaria.JPG|''Parque Berrío'' in Medellín, the second largest CBD in Colombia
File:Torre de Cali (1).JPG|''Cali's Downtown'' it is the largest CBD in Colombia's Pacific Region
File:Edificio North Point Bogotá , Cund.jpeg|''North Point'' CBD in Bogotá, the third largest in the city.
File:Grand Bay Club.jpg|''Grand Bay Club'' in Barranquilla, the second largest CBD in the city
, west of Paris
, is France
's largest Central Business District. La Défense was in 2017 ranked as the leading CBD in continental Europe, and the fourth in the world.
La Défense hosts 19 of the world's biggest 500 companies
, whilst the Paris region
as a whole hosts 29 of the world's 500 largest companies, establishing itself as the first city in Europe (and 3rd worldwide) for the number of companies classified in ''Fortune
'' Fortune Global 500
, the terms ''Innenstadt'' and ''Stadtzentrum'' may be used to describe the central business district. Both terms can be literally translated as "inner city
"/"city center". Some of the larger cities
have more than one central business district. For example, Berlin
alone has three.
Due to Berlin's history of division during the Cold War
, the city contains central business districts both in West (Kurfürstendamm
) and East Berlin (Alexanderplatz
), as well as a newly built business district near the Potsdamer Platz
. The city's historic center
– home to the Reichstag building
, as well as the Brandenburg gate
and most federal ministries – was largely abandoned when the Berlin Wall
cut through the area. Only after the reunification with the redevelopment of Potsdamer Platz
, and the construction of numerous shopping centers, government ministries, embassies, office buildings and entertainment venues, was the area revived.
In Frankfurt am Main
's city center, there is a business district called the "Bankenviertel
, there is a business district which is located around the famous High-Street Königsallee
with banks, shops and offices.
File:Mumbai skyline.jpg|Nariman Point, Mumbai
File:J-K-Bank-0-Bandra-Kurla-Complex-Mumbai.jpg|Bandra Kurla Complex, Mumbai
File:UB City at night .jpg|UB City, Bangalore
File:Gachibowli hyd.jpg|Gachibowli, Hyderabad
File:Cyber City View.jpg|Cyber City, Gurgaon
File:Hotel Classic Bokaro.jpg|City Centre, Bokaro Steel City
File:Parrys Corner, Chennai, India.jpg|Parrys Corner, Chennai
File:Palm Beach Road, Belapur, Navi Mumbai.jpg|CBD Belapur, Navi Mumbai
File:Brigade Gateway.gif|Brigade Gateway, Bangalore
File:Sakchi Golchakkar.jpg|Sakchi, Jamshedpur
File:Koramangala Junction2.JPG|Koramangala, Bangalore
File:Cyber Tower, Hitech city,Madhapur, hyderbad.jpg|HITEC City, Hyderabad
File:Infosys (4911287704).jpg|Electronic City, Bangalore
File:Kolkata Chowringhee3.jpg|Chowringhee, Kolkata
File:Dhanbad 0873.jpg|City Center, Dhanbad
India's largest and famous CBD is The Bandra Kurla Complex
. And in the same city Mumbai
itself there is Nariman Point
, which is another CBD including Parel
. In India
CBDs are often also referred as "City Center" or elsewhere "Downtown". In Delhi
or New Delhi Connaught Place
is the CBD of the city. Bangalore has the four famous business district which are UB City
, Brigade Gateway
and Electronic City
. Hyderabad has many central business districts.
The largest CBD in Indonesia is known as the Golden Triangle
(''Segitiga Emas'' in Indonesian language
) in Jakarta
. The area is located along the main avenues of Jakarta, Jalan Jenderal Sudirman
– Jalan M.H. Thamrin
-Jalan H.R. Rasuna Said
– Jalan Prof. Dr. Satrio
– Jalan Jenderal Gatot Subroto
. Sudirman Central Business District
, a super block that is located within the Golden Triangle, is the first of its kind in Indonesia, and one of the largest commercial center development in the city. Jakarta started developing the sophistication of its Business District in the early 1960s before to host the Asian Games in 1962
in East Java
, built its first central business district in the Darmo region. The construction was expected to be completed by 2018 with 150 SOHO units and 500 residences.
In Pakistan, a central business district or a large, concentrated urban setting within a settlement is called a ''shehar''. Karachi
is Pakistan's largest city and the country's economic hub; the I. I. Chundrigar Road
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. Shahra-e-Faisal
in Karachi is also one of the most important business districts of Pakistan.
Another important business district is Gulberg, Lahore
. It has a large number of important office buildings as well as many high-rises and shopping malls. City Towers,
The Pace Tower, M.M Alam road, Vogue Towers, Park Plaza Hotel, Tricon Tower,
Boulevard Heights, and Ali Trade Center, respectively, are all present in this area. Ferozepur Road
is also central business district of Lahore
. It is served by Lahore bus rapid transit
. Kayre International Hotel, and Arfa Software Technology Park
are also present on Ferozepur Road.
is the main business district of the city. It is lined with numerous office buildings. Blue Area
is the central business district of Islamabad
. The Rawalpindi-Islamabad Metrobus Service
is bus rapid transit system that is currently under-construction and will serve these business districts which will connect them to key city areas in Rawalpindi
is the central business district of Faisalabad
is the main central business district of Rawalpindi
the central business district is San Isidro
, in 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
. San Isidro
is served by three stations of El Metropolitano
, Lima's bus rapid transit
system: Estación Javier Prado, Estación Canaval y Moreyra (with over 16,000 daily passengers) and Estación Aramburú.
Since the late 2000s (decade), 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 permit
and proximity to residential middle and upper class districts and is set to become, after traditional San Isidro
, the new financial center
File:Business Centre of Moscow 2.jpg|MIBC in Moscow is one of the largest financial centres in Europe and the world—featuring some of Europe's tallest skyscrapers.
File:E-burg asv2019-05 img46 view from VysotSky.jpg|Yekaterinburg-City in Yekaterinburg is the second-largest central business district in Russia.
The largest central business district in Russia
is the Moscow International Business Center
(MIBC) in Moscow
—a commercial development located just east of the Third Ring Road
at the western edge of the Presnensky District
in the Central Administrative Okrug
of the city. As of 2021, it is still under development. The construction of the MIBC takes place on the Presnenskaya Embankment of the Moskva River
, approximately 4 kilometers (2.5 mi) west of Red Square
, overlooked by the Third Ring Road. The project occupies an area of 60 hectares.
The second-largest central business district is Yekaterinburg-City
, the fourth-largest city
in the country. It is located on the Iset River
, and is under development as of 2021. The area occupies five hectares.
Saudia Arabia's capital city is Riyadh
. Riyadh has several business districts. Here business districts are:
* King Abdullah Financial District
* King Abdullah Economic City
* Kingdom Centre
* Abraj Al Bait
File:The king Abdullah Financial District..JPG
File:King fahad olaya-road Riyadh.jpg
File:Abraj-al-Bait-Towers.JPG|Abraj Al Bait
Central, Hong Kong
The area commonly called the "CBD" is located within the Downtown Core
, one of the constituent planning areas
of the Central Area
, the country's city center
. Its densest point is centered around Raffles Place
, where most of Singapore's skyscrapers are located. The "CBD" term has also been used at times to refer to the Central Area as a whole.
In the future, the Singaporean government will redevelop Jurong East
into a secondary satellite CBD. The area has also been earmarked as the site of the rail terminus for the Kuala Lumpur–Singapore High Speed Rail
South Africa's largest cities, namely Cape Town
, and Port Elizabeth
, have CBDs which house the headquarters of many of the country's largest companies as well as convention center
s and the respective cities' tallest buildings.
Cape Town is renowned for having South Africa's most iconic skyline (including the famous Table Mountain
) and CBD.
The term CBD is used in formal contexts, such as news reports, however, the term ''town'' is used colloquially.
The biggest central business districts of Spain are located in the country's capital, Madrid
. The Paseo de la Castellana
holds the city's main business districts: the Gate of Europe
. AZCA is super block near Real Madrid's
stadium Santiago Bernabéu
. It used to be the country's main business area during the 1980s and 1990s, when most of its skyscrapers were built. The tallest building of AZCA is the Torre Picasso
, a 158-tower designed by the World Trade Center's
architect, and contains the main offices in Spain of Google
. The Gate of Europe consists of two twin towers, which hold Spanish bank Bankia
and real state company Realia. Just a few blocks north is the CTBA, a complex of four skyscrapers which are the tallest in Spain. Architects such as Norman Foster
, Ieoh Ming Pei
and Cesar Pelli
have designed its towers, which were completed in 2008. The tallest building, the Torre de Cristal
, is the fourth tallest building is Western Europe
, with a height of . The complex is home to offices from well known companies such as KPMG
and holds the embassies of the Netherlands, United Kingdom, Canada and Australia, as well as a 5-star hotel from Eurostars
. A fifth tower is currently being built and will have the campus of the Instituto de Empresa
, the 22@
, Gran Via
, and Granvia l'Hospitalet
are the main business districts. Despite the fact that the Catalan capital does not have a reputation for skyscrapers and financial hubs, in recent years it has attracted several media and technology companies such as Microsoft
. In 2005, the Torre Agbar
, designed by French architect Jean Nouvel
, became the third-tallest building in the city with a height of . The building soon became a symbol of Barcelona and was going to become a Hyatt
hotel. However, the tower is still empty due to administrative problems.
Taipei, Taiwan CBD Skyline.jpg|Taipei's CBD – Xinyi District's skyline, with Taipei 101 in the background.
Taichung skyline.png|Taichung's 7th Redevelopment Zone is the main CBD of Taichung.
Kaohsiung_Tuntex_Sky_Tower_Innen_Bild_2_(2).jpg|Asia New Bay Area is the main CBD of Kaohsiung.
In Taiwan, even though the term "city center" () is often used, a different commercial district outside of the historic core can actually be typically called a "CBD" (), "Financial District" (), or "Yolk area" (), all of which are frequently used terms. There are many central business districts located on the island of Taiwan
. In Taipei
, the capital city of Taiwan
, the area around its main railway station
, i.e. Zhongzheng District
is regarded as its historic city center; the Xinyi District
(especially Xinyi Special District
) or Eastern District of Taipei
located to the east of the said railway station is the current CBD of Taipei, being both the modern financial, political and economic district and Taipei's foremost shopping area, including the location of the -tall Taipei 101
, Taiwan's tallest building.
In the southern Taiwan
ese city of Kaohsiung
, the main CBD is the Asia New Bay Area
; and in the central Taiwanese metropolitan area of Taichung
, the CBD is Situn District
, especially Taichung's 7th Redevelopment Zone
, in which most high-rise buildings containing offices are concentrated.
became the capital of Turkey in the 1920s. Istanbul has remained the main economic center of the country up to this day. Ankara is called as "officer city". Currently, a Central Business District is planned in an area of 262 hectares
ek metin. in Varlık, Altındağ.
São Paulo is a multipolar city, whith many business districts. Avenida Faria Lima and region (Itaim Bibi and Vila Olimpia neighbours) concentrate most of the financial activities on the city and the country. There is also the Avenida Paulista, a older financial center, whith many bank offices and headsquares, and a area between Avenida Berrini/Doutor Chucri Zaidan and Avenida Nações Unidas, a newer business district, with some multinacional offices and business services.
In Rio de Janeiro, Brazil's second largest city, the main business district still in downtown, where Petrobrás and Vale headsquares are located, but there is some concetration of business in Botafogo harbor and in Barra da Tijuca, a newer Rio suburb.
* Business improvement district
* List of central business districts
* Peak land value intersection