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Seoul Central Business District: Yesterday, Today, and Tomorrow

2024. 04. 19 · Suah Baek
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Providing Up-to-date news and contents of Korean commercial real estate market including investment, REITs and market players.

    The central business district, often abbreviated to ‘CBD’, is an area of a large city dominated by office buildings, corporate headquarters, financial institutions, and large commercial facilities and is considered the center of the city’s commercial and economic activity.   Every major city has its own CBD. For example, the CBD in New York City is Manhattan, especially the Midtown and Lower Manhattan areas. This is the largest CBD in the United States, and includes the nation’s financial heart, Wall Street. In Japan, Tokyo’s Chiyoda Ward, particularly the Otemachi and Marunouchi areas where the headquarters of Japan’s largest companies and banks are located, is considered the city’s CBD. […]

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