Office workers spend money on retail near their office. That’s fact. So, should a good commercial development also include retail?
By and large, yes, if it’s in the right place and done right.
BENEFITS OF RETAIL TO COMMERCIAL DEVELOPMENT
Based on extensive Urbis analysis of retail components of largely commercial developments, there are five main benefits:
As the density of our CBDs continues to grow, the appropriate provision of retail will become increasingly important. However, planning for retail and managing retail tenancies is different to managing offices, and these 8 key factors need to be considered during any development to ensure success.
This article first appeared in the Urbis Think Tank. Urbis is an interdisciplinary consulting firm offering services in planning, design, property, social planning, economics and research. Working with clients on integrated or standalone assignments, Urbis provides the social research, analysis and advice upon which major social, commercial and environmental decisions are made. With over 300 staff Urbis is uniquely positioned to handle projects from the simplest to the most complex.