What are Mixed Use Properties?
Mixed-use commercial property is either a building or a land development that includes both residential and commercial space. For example, a structure that has office space on the ground floor and apartment units on the top floor would be considered mixed-use residential or mixed-use office space. As is familiar with most mixed-use properties, the residential portion takes up more square footage than the commercial share. For tenants, mixed-use space is commonly referred to as a live-work space. Mixed-use commercial real estate has also become a central piece of urban development planning. Developers may combine residential, commercial, cultural, institutional, and even…
