#live-work

FOR LEASE: Office or Live-Work in Remuera

1st floor premises of approx. 35m2.

Open plan and partitioned areas.

Kitchen with an extraction system. Shower and toilet.

Great position and signage options.

The Remuera suburb bridges Newmarket and Greenlane and is a residential area supported by a high quality of commercial and retail tenants. In the suburb, a wide range of food and beverage options are available.

There is immediate access to the southern motorway, Remuera train station, and several bus routes.

Among its unique characteristics is the high proportion of medical tenants forming the well-known medical mile that serves the local community as well as Auckland at large.

The asking price is $22,050 p.a. + GST + OPEX

Contact us today and we will provide you with all options that meet your search criteria.

I can’t believe that other landowners/property owners haven’t figured out how to repurpose their retail space to live-work-play-make spaces, all at grade.

 There is demand for these types of spaces from gigpreneurs who, for example, want to work in a street-facing studio and live behind their store, all on one level (ie, the ground floor).

 Thee types of uses are more resilient than, say, a lady’s dress shop or a men’s shoe store. Yet in a recent Bloomberg article (https://www.dropbox.com/s/loq42xd8mhw8y5n/how-retail-is-surviving-the-pandemic-bloomberg-2021-jan-11.pdf?dl=0), landlords are cutting deals to keep retail tenants alive, tenants are asking governments for more and more help and, at least from what I can tell, no one is talking about moving towards a more sustainable set of uses… that are:

 a) pandemic-resistant,

 b) internet-resistant (or they know how to take advantage of an online presence) and

 c) big box store-resistant.

 I was also surprised when a clever investor asked me to answer this question—which is more profitable, residential microsuites at grade or commercial space—and it turned out that per sq ft, microsuites were.

 Here’s my analysis for a project I am working on in Belleville ON:

 A 300 sq ft microsuite will probably rent for $1,100 per month or around $44 per sq ft per year gross.

Conventional commercial/retail space is anywhere from $16 to $24 per sq ft triple net in downtown Belleville, which works out to around $31 to $39 per sq ft gross (assuming OPEX—property taxes, operating costs and utilities—are approximately $15 per sq ft per year). That is, if you can find a retailer that is interested in renting anything these days and if they have a sustainable business model. 

So, somewhat surprisingly (at least to me), residential might be a bit more $$$ per sq ft with a lower risk of long-term vacancy.

  Here's our architect's sketch of how we might demise our ground-floor space--

Commercial space along Belleville’s main street right now is about 20 to 25% vacant. Some stores have been left empty for two years or more. That is a long time to wait if you a landlord. And I suspect residential is less than 2%.

 So, live-work-make-play at grade is good for tenants and residents, good for their guests, visitors, clients and customers, good for passersby, good for the neighborhood, city and town (not to have gaping holes in their street-life, that is, vacant stores that look like a hockey player with few teeth left) and, happily, good for a landlord’s bottom line too.

 Prof Bruce

 +++

 FOR REAL ESTATE INVESTMENT AND BUSINESS COACHING THAT’LL HELP YOU PROVIDE FOR YOURSELF AND YOUR FAMILY FOR 3-GENERATIONS, PLEASE CONTACT:

 Bruce M Firestone, B Eng (civil), M Eng-Sci, PhD Real Estate Investment and Business coach Ottawa Senators founder ROYAL LePAGE Performance Realty broker 613-762-8884 [email protected] brucemfirestone.com https://www.linkedin.com/in/profbruce https://brucemfirestone.com/blog/ profbruce.tumblr.com/archive https://www.youtube.com/user/ProfBruce/ https://twitter.com/ProfBruce https://www.facebook.com/groups/reiroi https://www.facebook.com/ProfBruce

 BOOK YOUR FREE CLARITY CALL WITH PROF BRUCE NOW, https://brucemfirestone.com/coaching/prof-bruce-real-estate-investment-and-business-coaching/talk/

 • MAKING IMPOSSIBLE POSSIBLE • FREEDOM VIA REAL ESTATE INVESTMENT AND PB4L, PERSONAL BUSINESS FOR LIFE • FEHAJ, FOR EVERY HOME A JOB, FEJAH, FOR EVERY JOB A HOME • MAKE YOUR HOME WORK FOR YOU, INSTEAD OF YOU WORKING FOR IT • HIGHER ROI NOT JUST FOR OWNERS AND INVESTORS, BUT FOR TENANTS, GUESTS, VISITORS, NEIGHBORHOODS, COMMUNITIES, TOWNS, VILLAGES, CITIES AND THE ENVIRONMENT TOO

Downtown LA 2-Level Industrial Live/Work Lofts and Raised Bed Platforms

Hello Corey  —  Two-Story Industrial Live/Work Lofts

Downtown Los Angeles 2-Story Lofts with Upstairs Mezzanine Bed Area

Hello Corey, For the life of me I don’t know what the name of this specific style of loft is it’s pretty open and industrial looking and the bed area is a big platform that over hangs and has stairs leading to it that’s what I’m looking for any leads would be much appreciated!…

U N I T   D E S I G N  -  live-work space proposal.