Commercial real estate is enjoying a trend near residential neighborhoods
Imagine if the tables at this gourmet restaurant were only 10-20 paces from your front door?
A recent study from Daily Real Estate News shows that the suburban neighborhood developments are now preferred to be more walk-able. In these walk-able communities, developers are locating commercial real estate properties in prominent locations alongside residential properties. The result? Neighborhoods with greater walk-ability tend to yield higher resale values than properties that are exclusively residential or commercial. Examples of these types of developments in Oxford is the Oxford Commons neighborhood or the Thacker shopping center surrounded by rental housing on Old Taylor Road. To read more, check out this article detailing the growing trend of walk-able neighborhoods. Also, browse homes for sale here.
Increasing amount of mixed-use property
Among other housing trends in the Oxford area, many commercial real estate developers are focusing on the mixed-use concept. The mixed-use concept combines a small number of commercial retail businesses with residential spaces attached to the building. An example of this type of property is Uncommon located on Jackson Avenue. The mixed-use concept provides reserved parking for employees as well as residents and offers pedestrian features with common spaces. Businesses love it, because they have a micro-localized target market to advertise. Likewise, residents love being able to make a short walk to buy their goods and services. This type of living is especially beneficial to buyers seeking a second home for vacation. Though many full-time residents long for the benefits as well. The end result is a live-work-play atmosphere with individuals able to experience any of the features or all of the features.
Searching for mixed-use property? You can find all types of commercial real estate for lease and sale at Kiamie Real Estate. Click the link to begin your search now!