Do you by any chance know what does "CBD" stand for in "CBD multifamily"?

The walls are cbd.

My Area of choice at the moment is the Victoria Embankment in Durban's CBD. 

For example: a retail building located in the CBD and leased to Pep Boys with 15 years left on the lease might achieve a 5 - 6 cap on the open market whereas an industrial building leased to a mechanic with 3 years left on the lease is probably 10 - 12.

There is a lot of focus on the communities south of Dallas and significant money being spent on roads and other infra-structure that will allow future growth in that direction. 4-5 years from now it will be significantly closer (time-wise) to the CBD that anything price comparable to the north. 

I live in Corktown, a small neighborhood immediately west of the Detroit CBD and I am a commercial real estate attorney just getting started with my own investments.  

So far we are looking at; both student flats and family homes in the Roslyn, Takaro, Awapuni, CBD and Kelvin Grove areas of Palmerston North; single family homes in Kamo, Raumanga, Kensington and Hikurangi of Whangarei; and both student flats and single family homes in areas of Otago.

Let's see in 2020.As in every Historical Industrial City as the masses of the population grew, Gentrification "away" to the suburbs happened.And the trend had begun in 2012 and is ongoing with the next 5-10 years re-Gentrification pacing to the Inner core (we know the situation in CBD already) and spreading to the suburbs.

Just as @Bill S. mentioned the most of the  new units being built, especially in the CBD and urban core are appealing to the new residents that are a different demographic than historically.  

At least it would help with the first year.There are no other storage facilities in the town @Brad T. and this facility is right in the CBD of a town that's only 1.5 square miles.