Advances in communications and information technology are changing not only how we do business, but also where we do business. Instead of rehabbing older downtown skyscrapers, many firms are building shorter, multi-unit offices with state-of-the-art technologies, located outside the central business district (CBD).
Suggested citation: "Regional Conditions," Federal Reserve Bank of Cleveland, Economic Trends, no. 00-07, pp. 13-14, 07.01.2000.