The digital economy has become a major force shaping the expansion of commercial layouts. This study focuses on the business districts around stations along Zhengzhou Metro Line 1. Using panel data from 2014 to 2024 collected from SDE, KD, CV, and buffer overlay indicators, the paper examines the spatial evolution of the area. An individual fixed-effects panel model is constructed by integrating relevant datasets and characteristic variables associated with the digital economy. Through regression estimation, the study explores how digital-economy-related factors affect the development of commercial space. The results indicate that changes in firm space are positively and significantly associated with the platform economy, the sharing economy, and mobile payment systems (P<0.001), while the four crowds model, artificial intelligence applications, and blockchain applications are also significant at the 0.05 level..
