Around the country, young North Americans are ditching the suburbs and are moving to more walkable and convenient cities and communities. Many desire to live where they can work, live, and hang out within a short distance. Mixed-use properties help make these communities possible.
Mixed-use developments are real estate property that combines residential and commercial units. These properties include hotels, healthcare facilities, industrial units, restaurants, local businesses, and educational sectors. These properties offer plenty of unique investment opportunities for diversifying their portfolio.
Let’s dive deep into why mixed-use property is a good investment.
Potential Access to More Investments
Having a diverse portfolio of properties shows investors you can handle the various real estate challenges—residential, commercial, or industrial. You are more likely to gain a return on your investment due to these diverse opportunities and growing demand. That said, you can gain business partnerships, have more access to assets, and easily expand your portfolio.
Brings the Community Together
Another reason why mixed-use properties are a great investment is because they help bring the community together. Mixed-use properties allow commercial, residential, and other services to be within walking distance of each other. Not only does this help your residents save money, but it also turns strangers into familiar faces. This familiarity can help uplift the community since residents and tenants interact often.
Attracts More Businesses to the Area
Businesses will want to reap those benefits when you have a hustling and bustling mixed-use property. Mixed-use properties can help increase brand awareness and foot traffic for local businesses. Additionally, companies can accommodate the residents by extending their hours or offering specials for regulars. These offerings can help boost the local economy and attract more businesses to your property due to its success.
Mixed-use properties are one of the best investment options to consider. While every investment has risks, these properties can build better communities and boost local economies. Contact our team for mixed-use commercial loans if you’re considering investing. We can help you create a lucrative portfolio and a convenient area for residents and businesses to coexist.