Search
 

Luxury Rentals Provide On-Property Perks for Residents

SCOTTSDALE, AZ— As a way to attract non-traditional and luxury residents, as well as for employers to hire and retain talent, mixed-use projects are incorporating a live-work-play environment into new projects.

By Lisa Brown | lisabrown | Updated on June 01, 2016

Optima Sonoran Village Optima Sonoran Village features a luxury resort lifestyle with five-star amenities and concierge service.

SCOTTSDALE, AZ—The real estate market is coming back, but it is not a traditional real estate market. Instead, it is a new age market with different needs and consumer wants, with luxury leasing and non-traditional residents at the forefront.

As a way to attract those non-traditional and luxury residents, as well as for employers to hire and retain top-level talent, mixed-use projects are incorporating  a live-work-play environment into new projects. From an employee perspective, working at mixed-use developments provides convenience, culture and value—spending long hours at an office is not an issue because of the property perks at community-only spaces. Residents who live at mixed-use projects have walkable access to on-property amenities, services and retailers like a coffee shop or restaurant without having to leave the premises.

Want to continue reading?
Become a Free ALM Digital Reader.

Once you are an ALM digital member, you’ll receive:

  • Unlimited access to GlobeSt and other free ALM publications
  • Access to 15 years of GlobeSt archives
  • Your choice of GlobeSt digital newsletters and over 70 others from popular sister publications
  • 1 free article* every 30 days across the ALM subscription network
  • Exclusive discounts on ALM events and publications

*May exclude premium content
Already have an account?

NOT FOR REPRINT

© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.

GlobeSt

Join GlobeSt

Don't miss crucial news and insights you need to make informed commercial real estate decisions. Join GlobeSt.com now!

  • Free unlimited access to GlobeSt.com's trusted and independent team of experts who provide commercial real estate owners, investors, developers, brokers and finance professionals with comprehensive coverage, analysis and best practices necessary to innovate and build business.
  • Exclusive discounts on ALM and GlobeSt events.
  • Access to other award-winning ALM websites including ThinkAdvisor.com and Law.com.

Already have an account? Sign In Now
Join GlobeSt

Copyright © 2024 ALM Global, LLC. All Rights Reserved.