Benefits of Mixed-Use Developments

Benefits of Mixed-Use Developments Residential • Commercial • Industrial Mixed-use developments integrate residential, commercial and industrial real estate into a single, compact site. These types of developments offer benefits to residents, employers and developers. Benefits to RESIDENTS 囲 1> The close proximity to shops, restaurants or the workplace means residents can choose to walk or bike nearly anywhere they need to go. 2 > Mixed-use developments often offer smaller, more affordable housing than the large properties common in suburbs. Benefits to ΕMPIOYERS 1> Employers can benefit from the less stressed, more productive employees that come with short commutes or pedestrian-friendly access to shops and restaurants. 2 > Business travelers will enjoy the convenience of staying at hotels in the development, eating in the restaurants and exercising in the gyms. Benefits to DEVELOPERS 1> Developers can relax knowing the inherent risks associated with building are spread out over several different markets. 2 > Developers may experience greater financial stability over time by signing longer-term leases with commercial tenants. Chris Falk is Utah's foremost commercial real estate broker. Contact him for any of your commercial real estate questions or needs. (801) 416-1024 • Chrisfalk.com