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Abstract

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In many central business districts (CBDs), job growth has occurred since the 1990s, but at a far slower rate than in non-CBD areas. Over this time, there has been a great divergence in economic performance among CBD areas, with a handful of CBD economies far outperforming the rest. Overall, CBD economies have become home to higher paying economic activities, compared with non-CBD areas, because industries comprising higher levels of “cognitive” tasks locate a higher share of jobs in CBD areas. As such, CBD performance seems to be tied to the mix of industries present in a given region’s economy.

Keywords

urban resurgence central business districts decentralization

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A Tale of a Few CBDs: The Uneven Resurgence of Central Business District Economies across U.S. Cities,1994–2019

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