Address Common Issues Before Signing Lease for Mixed-Use Space
Mixed-use commercial property has become wildly popular in recent years. Mixing residential property and retail spaces has benefitted many owners and the people who live there. After all, residents have the ease of convenient shopping and dining literally at their doorsteps, and owners of this type of property reap profits from the residential component and don’t have to worry as much as traditional retail property owners about drumming up foot traffic that increases the percentage rent they can collect. A built-in customer base can be great for commercial tenants, too.