Why does the value of land change as you move further from the cbd in a city?

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2026-05-14 18:10

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The value of land typically decreases as you move further from the Central Business District (CBD) due to factors like accessibility, demand, and land use. The CBD is usually the hub of economic activity, attracting businesses and services, which drives up land prices. As you move outward, land tends to be used for residential purposes or less intensive commercial activities, resulting in lower demand and value. Additionally, transportation costs and commuting times often increase with distance from the CBD, further influencing land prices.

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