Are you looking for office space that offers more than just a place to work? 

An office space in a mixed-use development could be the perfect option. These developments combine the convenience of retail and commercial amenities with the dedicated workspace that an office provides.

Let’s explore all the benefits, as well as drawbacks, of these types of office spaces to see if they’re suited for you.

The Pros Of Mixed-Use Spaces For Offices

Mixed-use spaces have blown up in popularity in recent years, particularly due to the pandemic, and office space is being used for other purposes as more people work from home.

As this starts to shift back to more office-based work, the potential for mixed-use office space is now very possible, and it has a lot of benefits. 

Networking 

In mixed-use developments, you’re surrounded by a diverse community of professionals and businesses, fostering natural networking opportunities and potential collaborations. You might meet your next client or business partner while grabbing coffee downstairs.

The variety of commercial spaces in these developments also attracts different industries, which can lead to more diverse partnerships or meetings.

Many mixed-use properties host community events, further enhancing networking possibilities. These gatherings can range from informal mixers to structured business seminars, providing valuable connections and knowledge-sharing opportunities.

Convenience and Accessibility

Mixed-use developments prioritize accessibility. You’ll often find these properties in prime locations with excellent public transit connections. This makes commuting easier for you and your employees.

On-site amenities are a major perk. You’ll have easy access to:

• Restaurants and cafes
• Gyms and fitness centers
• Banks and post offices
• Retail stores

These conveniences save time and improve productivity. You won’t need to leave the property for lunch or to run errands.

Parking is usually well-planned in mixed-use developments. You’ll often find ample spaces for both employees and clients, reducing stress and saving time.

Work-Life Balance and Recreation

Working in a mixed-use development can significantly improve your work-life balance. 

You’ll have access to various recreational facilities right at your doorstep, including retail spaces like cafes and restaurants and other commercial opportunities.

These amenities provide opportunities for relaxation and exercise during breaks or after work. You can easily maintain an active lifestyle without traveling far from your office.

The vibrant atmosphere of mixed-use developments also contributes to employee satisfaction., which isn’t something to forget about. The bustling environment, with its mix of offices, retail, and residential spaces, creates a lively neighborhood feel that can boost morale and creativity.

Local Benefits & Impact

Mixed-use developments significantly influence local economies and communities. They create vibrant, interconnected spaces that foster economic growth and social cohesion.

Boosting the Local Market

When you rent office space in a mixed-use development, you contribute to a thriving local market. These properties often include retail outlets and residential units, creating a built-in customer base for businesses. Your presence increases foot traffic, benefiting nearby shops and restaurants.

Mixed-use developments attract diverse income levels, enhancing economic vitality. You’ll find a mix of affordable and market-rate housing, promoting social interaction among various community members.

By choosing a mixed-use office space solution, you support local employment. These developments often create job opportunities in retail, maintenance, and management sectors.

Mixed-Use Office Space vs Traditional Office Space

Let’s see how office spaces in mixed-use developments compare to traditional office spaces.

Space Requirements

Office space in mixed-use developments tends to be smaller.

There are always exceptions to the rule, but this is the case in most scenarios simply due to the nature of mixed-use developments, i.e., less space for offices to make room for other types of businesses. 

Cost

Another factor to consider is that they also tend to cost more money per sq ft.

This is a result of the extras that are on offer, as well as the convenience of being close to other businesses.

Again, this isn’t set in stone, but don’t be surprised if the rent is more expensive than you were expecting.

Productivity

Employees may find it harder to be productive if they’re enticed by the other amenities on offer that are so common in mixed-use developments. 

Potential Downsides

Office spaces in mixed-use developments can foster lower productivity for some people, especially if you’re easily distracted by all the other facilities that are on offer. This doesn’t apply to everyone though, by any means.

The office space does also tend to attract a more premium price, and it’s more common for smaller office sizes to be offered rather than large due to the competition for space.

This isn’t an issue for startups or small businesses or even personal office space, but it’s something to keep in mind.

Overall, you should definitely consider an office space in a mixed-use development, especially if the thought hasn’t crossed your mind before.