What does neighborhood business mean?

"Neighborhood business" triggered a new boom in real estate

Source: Hangzhou Daily

2004-10-14

With the development of the housing industry becoming more and more mature, the competition in the real estate market, especially the commercial real estate market is particularly fierce, competition has given rise to new building models, new real estate concepts emerge one after another. The competition has given rise to new architectural models and new real estate concepts. Neighborhood business to pursue the best combination of form and function for the purpose of block business is one of the most eye-catching concepts, is becoming a hot new model of commercial real estate. It is predicted that neighborhood commercial will trigger the next round of market boom. Its emergence is also the inevitable result of a certain stage of urban development

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■ "Neighborhood business" to lead the property market hot current achievement of commercial property

Neighborhood business appeared first in Beijing. First of all, Jianwai SOHO launched a special commercial district, modeled after the business model of Shanghai Xintiandi, to create a commercial district with 16 pedestrian commercial streets, 300 stores along the street, and 20 double-story gardens in Beijing's CBD business district; at the same time, with the neighborhood commercial

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