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  • By Tom Londres, Metro Commercial

The growing trend of mixed-use shopping centers

Mixed-use developments in commercial real estate have grown in popularity over the past few years. Developers are looking for more opportunities where they can integrate multiple uses, including retail, residential, restaurants, entertainment, hotels, and office, to cater to the shift in consumer preference to live in a walkable environment where they can shop, exercise, dine, and play where they live. In fact, Urban Land Institute included mixed-use in its recent Emerging Trends in Real Estate report as it is considered one of the highest-rated sectors on the market right now. This is due to its ability to attract millennials and baby boomers, create the feel of an urban area (even when in the suburbs), and provide a “one-stop” shopping experience for customers. These positive facets have made the mixed-use sector one that brokers, developers, and investors are keeping their eyes on.

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