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ARTICLE · 13 APRIL 2017

Is The Future Of Real Estate In Mixed-Use 'Live, Work, Play' Developments?

Gowling WLG
Gowling WLG
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Gowling WLG

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Updated attitudes towards home ownership and space sharing are changing the social fabric of urban communities and creating a demand for multi-use developments.

CanadaReal Estate and Construction

Updated attitudes towards home ownership and space sharing are changing the social fabric of urban communities and creating a demand for multi-use developments.

The real estate needs of the North American and European population are changing, requiring developers to adapt their schemes. Where once the retail and office elements were the drivers of any development, the explosion in digital technology has changed how space is utilised.

Not only has the growth in online commerce led to a steady decline in retailers' space requirements, but the demands made on office space have also evolved. A workforce that would once have made a daily commute to an urban conurbation is now working more flexibly: be it from home or a co-working space.

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