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The shape and type of a CBD almost always closely reflect the city's history. In Singapore, "CBD" refers to districts within the Central Region of the country, specifically the Downtown Core, being home to many of its national monuments as well as its most prominent tourist attractions. Moscow and Russia's largest central business district is the Moscow International Business Center. 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 – Polanco, and the new Santa Fe, respectively. It is also referred to as the core of the city's downtown. In Chicago, the Chicago Loop is the second largest central business district in the United States. In New York City, Midtown Manhattan is the largest central business district in the city and in the world. įor 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.
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The CBD is characterized as the area within a city with the highest accessibility plus having a greater variety and concentration of specialized goods and services than any other area. However, these 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. Geographically, it often coincides with the " city center" or " downtown". In larger cities, it is often synonymous with the city's "financial district". It contains commercial space and offices. Midtown Manhattan in New York City, the largest central business district in the worldĪ central business district ( CBD) is the commercial and business center of a city.