{"id":16172,"date":"2022-09-14T15:00:00","date_gmt":"2022-09-14T19:00:00","guid":{"rendered":"https:\/\/www.renthop.com\/content-manager\/?p=16172"},"modified":"2023-07-22T11:36:27","modified_gmt":"2023-07-22T15:36:27","slug":"mixed-use-property-guide","status":"publish","type":"post","link":"https:\/\/www.renthop.com\/blog\/mixed-use-property-guide\/","title":{"rendered":"The Pros and Cons of Renting in a Mixed Use Property: Is It Right For You?"},"content":{"rendered":"\r\n

If you’re in the market to rent in New York City<\/a>, you might encounter something you’ve never heard of before: a mixed-use property. Shifting real estate trends have popularized mixed-use buildings. While there are many advantages to renting in a mixed-use building, there are also a few things to consider before renting from one.<\/p>\r\n\r\n\r\n\r\n

Let’s take a look at the definition of a mixed-use property, the pros and cons of living in this property type, and where you might find them.<\/p>\r\n\r\n\r\n\r\n

What is a Mixed Use Property?<\/h2>\r\n\r\n\r\n\r\n

By definition, a mixed-use property is a building that contains both commercial and residential space. Mixed-use buildings combine multiple types of real estate within a single building and offer an array of options to renters. Within mixed use, there are a number of spatial combinations you might see: retail, residential, office, or industrial. Residents love having their favorite shops and restaurants within walking distance of their homes, and these buildings help meet those needs.<\/p>\r\n\r\n\r\n\r\n

Types of Mixed Use Properties<\/h2>\r\n\r\n\r\n\r\n

It is most common for mixed-use development to include complementary property types: an apartment complex with attached restaurants or a hotel connected to a boutique or gym. Let’s look at the most common types you might see on the market.<\/p>\r\n\r\n\r\n\r\n

Main Street<\/h3>\r\n\r\n\r\n\r\n

The “Main Street” is America’s oldest mixed-use real estate model. Mixed commercial and residential properties located in the center of town are a staple to most communities. Cities are often built around these buildings. The Main Street building type could include a two or three-story residential building with commercial units on the ground floor. Harkening back to its name, they are generally located on the main street of a town.<\/p>\r\n\r\n\r\n\r\n

Live\/Work Space<\/h3>\r\n\r\n\r\n\r\n

The quintessential live and work mixed-use space offers small businesses with living space in the same building. Often above, below, or alongside the residential space, an example is business partners living next door to one another and alongside their business.<\/p>\r\n\r\n\r\n\r\n

Residential and Office<\/h3>\r\n\r\n\r\n\r\n

Generally a commercial building with multifamily residential units in the same building, this type of space blends office and residential units while providing increased walkability for tenants.<\/p>\r\n\r\n\r\n\r\n

Mixed-Use Hotels<\/h3>\r\n\r\n\r\n\r\n

One of the newer models of mix-use properties, mixed-use hotels include a hotel with retail space, a gym or fitness center, and some sort of food and entertainment.<\/p>\r\n\r\n\r\n\r\n

Learn more:\r\n