Land Values
Land values tend to be very high, this is the result of great competition
to locate here. It is cheaper to build up than out. Also, there is a limited
amount of open space available. New developments tend to focus on redeveloping
existing areas rather than using the limited open space available.
Population Density
During the day the CBD is densely populated. This is due to the high number
of pedestrians and shop and office workers. However, the CBD has a limited
number of houses and flats due to the high land values in this area.
Improvements to the CBD
City councils are keen to make improvements to CBDs so that they can
attract more shoppers and businesses to it. That means more money for
the Council in return! |