noun
prime location; best district; excellent piece of land
Used in real estate and urban planning to describe the most desirable land or area, typically for offices, housing, or commercial use.
このビルは都心の一等地にあります。
This building is in a prime location in the city center.
一等地は地価が非常に高い。
Land prices are extremely high in the best districts.
Compound of 一等 (first class) + 地 (land). The term follows standard kanji composition and has no irregular historical derivation.