While mixed-use properties have been around for decades, perhaps even centuries, it hasn’t experienced the popularity it does nowadays not just in real estate developers and investors’ circles, but also with everyone else. For this blog, Steven Rindner focuses on some of the main benefits of mixed-use properties.
Flexibility for sellers and investors: Real estate agents have quite a flexible experience selling mixed-use properties as it can appeal to people looking for either commercial or residential spaces. Planning mixed-use property construction is also quite attractive to investors because of the potential profit and more diverse portfolios.
Cross-appeal for residents and tenants: Mixed-use properties are appealing to residents because of the proximity of many businesses. Whether it be restaurants or shops, residents see these establishments being close to where they live is a huge bonus as they no longer need to travel that far. For business owners, residents living just above their places of business represents a whole new market.
Sustainability for office workers: People who both work and live in a neighborhood filled with mixed-use properties know all too well the convenience of simply walking to one’s office. It eliminates the need for using the car or commuting. It’s also good for one’s health and great for the environment.
What about you? What other benefits can you think of that mixed-use properties bring to the table? Feel free to share your thoughts with Steven Rindner in the comments section below.
A graduate of the University of Delaware and St. John’s University School of Law, Steven Rindner has served in various companies across different industries, real estate included. He is also a fan of marathon running. Visit this page for similar reads.
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Cross-appeal for residents and tenants: Mixed-use properties are appealing to residents because of the proximity of many businesses. Whether it be restaurants or shops, residents see these establishments being close to where they live is a huge bonus as they no longer need to travel that far. For business owners, residents living just above their places of business represents a whole new market.
Sustainability for office workers: People who both work and live in a neighborhood filled with mixed-use properties know all too well the convenience of simply walking to one’s office. It eliminates the need for using the car or commuting. It’s also good for one’s health and great for the environment.
What about you? What other benefits can you think of that mixed-use properties bring to the table? Feel free to share your thoughts with Steven Rindner in the comments section below.
A graduate of the University of Delaware and St. John’s University School of Law, Steven Rindner has served in various companies across different industries, real estate included. He is also a fan of marathon running. Visit this page for similar reads.
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