The term “mixed-use community” can refer to a single building or, more often, to a larger urban or suburban community. These communities provide space for both residential and commercial use within a relatively small area of property.
As the population of cities across the globe increases, mixed-use development offers both an economically and environmentally sustainable alternative to urban sprawl, pollution and a decreased quality of life. There are several benefits for retail, restaurant, manufacturing, and corporate businesses who choose to locate in a mixed-use community, including greater exposure to pedestrian traffic, the relative ease in complying with local safety and zoning regulations, and access to quality property management services. Mixed-use development also promotes “smart growth,” which describes building and planning that benefits both residents, businesses, and the environment.
Business Benefits in Mixed-Use Communities
For commercial businesses, locating within a mixed-use community offers greater exposure and access to customers, especially pedestrian traffic. One of the many reasons people choose to live and work in a mixed-use community is to reduce or even eliminate the need to drive a car. Residents in a mixed-use community are more likely to patronize a business that may be within walking distance of their home, rather than venture into the traffic and congestion they left behind when they moved into a mixed-use community. It’s also a fact that people are social beings, and are compelled to go out, shop, and interact with their fellow residents when they are not at work.
Opening and operating a business in a mixed-use building or community makes it easier for that business to comply with safety and zoning regulations, including fire alarm, sprinkler, handicap access, and elevator codes. Buildings in mixed-use communities are constructed and maintained to be “rental-ready.” This ensures each business leasing space in the building will be in compliance with codes and regulations, so long as the building owner is conscientious and committed to safety.
Great commercial property management service is another distinguishing characteristic of mixed-use communities. Businesses benefit from the fact that the goal of great service is to encourage more renters into a community and keep the ones who are already there. This type of proactive, community-oriented service includes providing quick response to inquiries and emergencies, performing regular, preventive maintenance, and investing in and installing “green” energy-saving technologies.
Mixed-Use Development and PinPoint Commercial
PinPoint Commercial is a leading, full-service development company, and specializes in all types of developments, including mixed-use. Contact us for more information about our development projects and the benefits of locating business in a mixed-use community.