Mixed-use projects that include three or more land uses in the same structure are more and more common nowadays, as landlords try to meet consumers’ growing needs. Such complex developments have a lot of potential to enhance the local economy through commercial stimulation. Currently, the recipe for a successful mixed-use formula includes an office component.
Adam Felson
With more than 17 years of experience in managing office projects, Adam Felson, principal of San Francisco-based firm officemorph, guides companies in navigating workspace buildouts. In an interview with Commercial Property Executive, he discusses how adding an office space can resurrect an old property and outlines the most relevant trends in office development.
Mixed-use projects are a major trend now. What are the reasons behind this rise in popularity?
Felson: Landlords have realized that multiple uses feed off each other and building mixed-use projects that allow for flexibility can minimize vacancies.
What should developers take into consideration when working on mixed-use projects with office components?
Felson: Any mixed-use project really benefits everyone. Each market and each site has different requirements, but it’s important to evaluate the needs in advance to maximize occupancy and allow for flexibility should the uses need to change.