Columbus among top "live-work-play" cities
A total of 5,100 mixed-use apartments have been built in Columbus since 2012, making up 18% of all constructed units during that time frame, Axios' Sami Sparber reports.
Why it matters: Rental communities that include residential, office and retail space gained a foothold in the last decade, per a report from apartment search website RentCafe.
- That demand was only amplified as the pandemic heightened renters' preference for daily activities close at hand.
The big picture: Nationwide, apartments constructed in "live-work-play" buildings have quadrupled compared to 10 years ago, from 10,000 in 2012 to 43,000 in 2021, the report states.
The bottom line: Blending different types of real estate is one way cities are evolving in the era of remote and hybrid work.
Yes, but: With rent costs continuing to balloon, many Columbus residents may be priced out of apartment complexes closest to desirable amenities.
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