Research Paper
Year: 2020 | Month: June | Volume: 7 | Issue: 6 | Pages: 447-452
An Analysis on the Factors which Influence the Development of Central Business District (CBD) Property Polonia, Medan
Markus Tarigan1, Nazaruddin Matondang2, Dwira Nirfalini Aulia2
1Postgraduate Students at Universitas Sumatera Utara, Indonesia
2Postgraduate Lecturer at Universitas Sumatera Utara, Indonesia
Corresponding Author: Markus Tarigan
ABSTRACT
The objective of the research was to prove the influence of the variables of location and accessibility, socio-economy, the availability of facility, and land use on the development of central business district (CBD) Property Polonia, Medan. The phenomenon in the research location was that there was still low activity in goods and services which was different from its strategic location which should be the attraction for the people surrounding it and the people in Medan in general as the place for the economic, social, and cultural activities. Besides that, it is located beside the of air force complex. The research used correlation research method which studied the correlation of two or more variables to find out how far the variation of the correlation. There were 90 samples consisted of the owners of store houses and the person who was in charge of the operation of the store houses. The result of the research showed that, simultaneously, the variables of location and accessibility, socio-economy, the availability of facility, and land use had positive and significant influence on the development of central business district (CBD) Property Polonia, Medan.
Keywords: Location and Accessibility, Socio-Economy, The Availability of Facility, Land Use, Central Business District (CBD)
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