page_title: Auckland CBD
section_title: Economy
hierarchical_section_title: Auckland CBD / Economy
caption_attribution_description: English: Symonds Street overlooking the WZ Building of the Auckland University of Technology (AUT) and the Science Centre (Building 302) of the University of Auckland
context_page_description: The Auckland central business district, also called the city centre by Auckland Council, is the geographical and economic heart of the Auckland metropolitan area. It is the area in which Auckland was established in 1840, by William Hobson.
  The CBD is one of the most densely developed places in New Zealand, with many commercial and some residential developments packed into a space of only 433 hectares. The area is made up of the city's largest concentration of skyscrapers and businesses. Bounded by several major motorways and by the harbour coastline in the north, it is surrounded further out by mostly suburban areas; it is bounded on the North by Waitematā Harbour, east by Parnell, southeast by Grafton, south by Mount Eden, southwest by Newton, west by Freemans Bay and northwest by Viaduct Harbour.
context_section_description: With 8,500 businesses, the CBD accounts for 18% of all businesses in Auckland City, with the largest being Ports of Auckland, and the largest employment sectors being financial services, business and ICT services. The CBD is also the largest employment centre in New Zealand, with around 65,000 jobs, representing 13% of the regional workforce, and 25% of the Auckland City workforce. Around 73,000 people enter the CBD every morning between 7 am and 9 am, 60% of these by car, while the total 'turnover' is around 270,000 people per day. In 2003 many large corporations were housed in the Auckland CBD. During the same year, an Auckland City report stated that the Auckland CBD, compared to several central business districts in Australia, had "a broader and more dominant role in its regional economy" compared to the economies of the Australian central business districts.
  The CBD remains attractive to shops, partially due to the very high pedestrian numbers on the main shopping streets like Queen Street, where footfalls are estimated to be up to 10 times as high as on Broadway in Newmarket, seen as Queen Street's closest rival.
  Auckland CBD has a higher share of employment in large firms than other areas in Auckland. Over half of the large firms in Auckland CBD are in office-based sectors (such as property and business services and finance and insurance) and are in the Downtown and Waterfront areas of the CBD. In 2004 Auckland CBD had 72,540 employees and 9125 businesses. 2006 Auckland CBD had 78,444 employees and 9,461 businesses.
  Air New Zealand was formerly headquartered in Auckland CBD. In 2006, from late September to early October, the airline moved employees out of the four buildings it occupied in Auckland CBD and relocated them to the new headquarters in the Wynyard Quarter. In September 2003 Air New Zealand was the only one of the very largest corporations in New Zealand to have its headquarters within the Auckland CBD.
caption: Symonds Street of the Auckland CBD overlooking the Auckland University of Technology (middle) and the University of Auckland (right).
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