Tag live work play communities

Office tenants prefer mixed-use centers

According to NAIOP Research Foundation report. office tenants prefer amenity-rich, mixed-use centers (also known as “live, work, play” locations) over single-use office parks by a margin of 83 percent to 17 percent. The report states that “overall, office tenants show no strong preference for either downtown or suburban locations. Yet the study reveals a clear preference for suburban vibrant centers over typical single-use suburban office environments, and demonstrates that office properties in suburban vibrant centers are outperforming those in typical single-use suburban office areas on almost all metrics.” Bodes well for the Pike District, don’t you think?

(Bettercities.net has a good summary of the report.)