Mixed-use property refers to a type of development that combines elements of residential, commercial, cultural, institutional, or entertainment-based property into a single, cohesive unit. These properties are designed to foster a closer integration of different aspects of daily life, promoting convenience, and efficiency. By bringing together various functionalities, such as living spaces, office areas, retail, and entertainment venues, mixed-use properties embody a modern, holistic approach to urban planning.

The importance of mixed-use properties in the contemporary urban landscape cannot be understated. In the context of the United States, these developments serve as catalysts for community revitalization, facilitating social interaction, reducing commute times, and contributing to a more sustainable way of living. Economically, they also often provide property owners with an attractive investment opportunity with potentially higher returns, due to the diversified revenue streams they offer.

At the intersection of this modern real estate trend, Offices.net plays a vital role in connecting businesses and individuals with the perfect mixed-use commercial spaces. With a comprehensive listing of executive office suites, shared workspaces, flexible office spaces, and more, Offices.net makes the process of finding and moving into mixed-use commercial properties in the United States as straightforward as possible. Whether you are looking for a fully equipped, turn-key small office rental or a creative shared space, Offices.net’s free search tools can help you navigate through the options available online. Read the rest of this entry »

Even though Florida’s office sector held strong during the pandemic, some investors are now feeling cautious as a result of geopolitical tensions, inflation, reduced spending, and rising interest rates. Despite the cooling sentiment, vacancy rates for commercial spaces are continuing to decrease across the State, especially in the office market. Fuelling Florida’s continued market positive is an overall increase in jobs, combined with low unemployment rates and generally favorable business conditions.

Market Highlights

Asking rates in Miami Beach have increased significantly, with some offices costing more than $120 sq/ft. On average, however, actual rental prices for this premium market are much lower, at roughly $70 sq/ft.

Additionally, the vacancy rate for Miami Beach is relatively low at 12.7%, just behind Brickell and Wynwood. Consequently, there has been a recent uptick in development activity driven by those looking to take advantage of the favorable conditions. Some notable projects include 1177 Kane Concourse (101,000 sq/ft) and Terminal Island Office Project (161,000 sq/ft), slated for delivery in 2024.

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