Impact of CBD decline

Impact of CBD decline

1. Advantages for companies

   • less competition in CBD
   • Land prices/rent drop

2. Disadvantages for Companies

   • Shops left
     • closed shops around repels shoppers
     • Low value - pound shops, charity shops
     • lndependent shops not chain stores
   • On going issues with planning - limit development
   • Old Buildings not efficient or suitable for modern shopping

3. Advantages for Customers

   • Easier access to shops
     • Don't have to walk a large distance between shops
   • Dont have to travel into CBD
   • Car Parking becomes cheaper to help shoppers
   • More convenience shops open
   • A social CBD
     • Café, Bars etc..

4. Disadavantages for Customers

   • May have to travel further to shops
   • Issues for specific groups
     • Elderly
     • Disabled
     • Inner city residence

5. Councils/govt

   • Advantages
     • Chance to redevelop
       • Access to big funding
     • Decreases congestion and pressure on CBD
   • Disadvantages
     • Loss money and investment options
     • cost of redevelopment - large
     • Crime
     • Under use of Public Transport
     • Prestige is lost of CBD
     • innovation to keep customers