CHICAGO: Expect mixed-use properties, where residential and commercial buildings come together, to be the next big trend, according to the Emerging Trends in Real Estate 2015 report released this week.
A common trend among all industry players will be the search for opportunities in and around the city core. With more people moving into city centers for work and lifestyle purposes, companies and retailers are following them and driving new office and commercial developments.
According to the report, urbanization is blurring industry lines as commercial and residential developers discover the opportunities that mixed-use properties bring. The convergence of commercial and residential development is driven by developers’ desire to control more aspects of a project and to add value to their property holdings…