A very illuminating survey on mixed-use development

The National Multi Housing Council (NMHC) just announced the results of a survey of owners, developers, and building operations managers that it conducted along with the International Council of Shopping Centers (ICSC), the National Association of Industrial and Office Properties (NAIOP), and the Building Owners and Managers Association (BOMA).

The subject of the survey, which received nearly 1,000 responses, was mixed-use development. Many of the results were fascinating. Among them:

• Three quarters of all respondents said that mixed-use development is characterized by having amenities and architectural expression and by mitigating traffic and sprawl.
• The most common reasons given for the popularity of mixed use were convenience of live-work-play options in a single location, rising land prices, and encouragement by local public agencies.
• An overwhelming percentage of respondents said mixed use would characterize an increasing percentage of new projects in the next five years.
• The biggest challenges to mixed use were seen as the issues of assembling land parcels, working with multiple development teams, and managing financial challenges of a sequenced rollout of a project.

Many of the conclusions of the survey are further elaborated at http://www.nmhc.org/Content/ServeFile.cfm?FileID=5660.

The NMHC also plans a 2007 survey about the management of mixed-use developments.

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