As you research commercial real estate opportunities for your business, you have to consider which options fulfill your most pressing needs. Now that mixed residential and commercial developments cropping up across metropolitan areas, it may be easier to meet those needs than you think.
Mixed-use developments are defined as multi-use, multi-purpose buildings that integrate residential, commercial, cultural, institutional and industrial uses, providing functional and physical space for any mixture of these enterprises. For instance, these urban developments may house retail space at the ground level, offices on the second floor and residential housing on any additional floors. And, regardless of the layout, there are significant advantages to establishing your business within a mixed-use development.
When your business relies on foot traffic, mixed-use developments supply a built-in community of residents who can become regular customers. In contrast to traditional stand-alone rental properties, these types of commercial real estate can result in a more immediate increase in the volume of visitors and interest in your business. Just remember, the more diverse the space is, the more attractive and active it will be.
If the mixed-use space you’re considering is clean, of a good reputation and houses favorable renters, your business could fit into a commercial community that reinforces your overall brand image in a positive way. The more the space represents your business and brand values, the deeper your roots can grow.
Because mixed-use spaces have to cater to a number of business types, it is more likely that these developments will comply with fire alarm, wiring, ventilation, sprinkler, handicap access and elevator codes and inspections. Establishing your business within this type of real estate can limit the hassles of dealing with code compliance.
Smart growth refers to building communities with housing and transportation choices near jobs, shops and schools. This approach supports local economies and protects the environment by creating efficiencies in terms of parking, transportation infrastructure and fuel dependency. Plus they inspire safer communities, foster stronger social networks and remove the need for further construction projects.
Whether you work in manufacturing, restaurant, retail or corporate business, the professionals at Intelica Commercial Real Estate can help you find the right space to meet your needs. Contact us today to learn more about our commercial rental properties and investment opportunities.