CBD is a common abbreviation for central business district. This part of a city is also commonly known as downtown, or the city center. Central business districts are characterized by high-density development of office buildings, often including government centers and transportation hubs. The “CBD office market” is the term for demand for office real estate in a central business district. In most cities, the central business district represents an important part of the local commercial real estate market.
CBD Real Estate
During decades when suburban development was booming, demand declined in central business district markets. In many cities, corporate headquarters relocated from the CBD; over time, smaller companies began to follow them. Shoppers were more likely to head to a suburban mall than downtown shops or department stores.
CBDs and Suburbanization
Office space is the mainstay of central business districts, though they may also have tourist attractions, such as museums, sports and entertainment complexes. The real estate market is likely to include businesses that appeal to travelers, such as hotels, retail shops and restaurants.
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CBD is one of the most commonly used terms in commercial real estate, but it’s definition has changed dramatically. As a young researcher, I first came across statistics for the CBD and non-CBD market. “Central Business District” or CBD was a more impressive way to say Downtown and non-CBD was basically suburban. Today, CBD is impacting the Commercial Real Estate market in a different way.
So real estate analysts and consumers must be sensitive to the new double meaning for CBD which will have an increasing impact on Commercial Real Estate. But I don’t think we have reached the point where “non-CBD” will refer to THC.
CBD also stands for cannabidiol, which according to the Harvard Medical School is the second most prevalent chemical in the cannabis sativa (hemp or marijuana) plant. The other, THC (tetrahydrocannabinol) is the chemical that produces the psychoactive effects or “high.” But we are seeing an ever-increasing number of CBD products in stores, medicinal marijuana is now legal in Florida and legalization of recreational use is almost inevitable.
A Special Shout Out
I am told the number 420 and the date 4/20 have special significance. The term CBD has been used in Commercial Real Estate for years. More recently it has taken on a new meaning in cannabis culture. Here is my special 4/20 edition of KensTrends. I also want to take this opportunity to make a special shout out at the bottom of this article.
Proponents claim CBD can treat all of these
Miami CBD – Original Definition
But barely a moment has gone by in the past month where I wasn’t thinking about Alan Levy who was fighting and is now winning an intense battle against an invisible enemy, Covid-19. I am very thankful that he’s out of the hospital and wanted to thank all those who have reached out to me.
From my understanding, and I don’t claim to be an expert, both CBD and THC are extracted from the hemp plant. Hemp fibers have been used for centuries to make rope, paper and even clothing. Thomas Jefferson actually drafted the Declaration of Independence on hemp paper. But the cultivation of industrial hemp has only been legal in the U.S. since 2018. Legal hemp, defined as having a THC content of less than 0.3 percent can be grown and distributed across the U.S. It is only when the hemp is specifically grown to produce flowers with THC content in the 20 to 30 percent range, that it’s legality comes into question. Proponents claim that CBD Oil UK helps with pain, inflammation, anxiety and insomnia. While many medicinal benefits of CBD are unproven, the FDA has approved a CBD product to reduce epileptic seizures among children.