Mixed-use residential and retail property
A mixed-use residential and retail property integrates commercial space at street level with living quarters in the stories above. The ground floor typically contains a shop, office, or service establishment, while upper floors serve as residential units.
These buildings are characteristic of traditional shopping districts and urban centres. For investors and owners, they offer revenue diversification through both retail and residential rent streams. However, the dual-use nature means compliance with separate building codes and rental laws, making both technical maintenance and tenancy management more intricate.