What are the effects of very high costs of CBD land in developed countries?

Very high costs of CBD (Central Business District) land in developed countries can lead to increased commercial rents, which may drive out small businesses and startups that cannot afford the high overhead. This can result in a concentration of larger corporations and a homogenization of urban landscapes, reducing local diversity and character. Additionally, high land costs can exacerbate income inequality, as wealthier individuals and companies are often the only ones able to invest in prime real estate, further entrenching economic disparities in urban areas.