Despite the fact that many Belgraders consider the Republic Square or Kalemegdan to be the city's centerpiece areas, Terazije is Belgrade's designated center. When street numbers are assigned to the streets of Belgrade, numeration begins from the part of the street closest to Terazije.
Terazije itself is also a short street, connected by the King Milan Street, the main street in Belgrade, to the Slavija square, by the Nikola Pašić Square to the King Alexander Boulevard, the longest street in Belgrade, by Prizrenska street to the neighborhood of Zeleni Venac and further to New Belgrade, and by the Kolarčeva street to the Square of the Republic. The neighborhood also borders Andrićev Venac and Pioneers Park on the southeast, and
Varoš Kapija on the west. A small, covered square of Bezistan connects it to the Nikola Pašić Square.