Raising the Bar: The Investment Potential of Mixed-use Office Enclaves
Convenience is a crucial component in any office space. As developers continue to meet the demands of the 21st-century workforce, they have started responding with innovative solutions to set their community apart. The Live-work-play trend is slowly catching up with city dwellers & as the name suggests is simply an effective blend of residential, commercial & industrial developments.
This type of development is greatly enjoyed by Millennials because it matches one of their chief values: Maximum connectivity & convenience. A 2015 report by National Association of Realtors revealed that millennials prefer walking as a mode of transport by 12 percent over driving. Mixed-use enclaves allow occupants to avoid lengthy polluted commutes to work & give them the benefit to enjoy a smart lifestyle where restaurants & fitness centers may all be within walking distance. Moreover, a study conducted by Manpower Group said that by 2020, Millennials will make up over one-third of the global workforce & thus appealing to them is a smart move.
Experts have claimed that integrated enclaves greatly enhance the experience of its occupants. For instance, Signature Towers located in Brigade Golden Triangle at Old Madras road has to be one of the best office enclaves in the city conceptualized by Brigade Group. With its strategic location and unmatched amenities, this mixed enclave proves to be a class apart. Such convenience is difficult to come by at a city like Bangalore where beating the traffic is a once-in-a-blue-moon situation.
While not all mixed enclaves are created with such detail, there are few which have been created successfully i.e. Signature Towers, Brigade Tech Gardens, Brigade Orchards, Brigade Gateway, Arcade at Meadows & these are the ones that are likely to inspire other developments to follow their lead.
It’s safe to assume that urban style office enclaves have a bright future as they serve multiple needs & add tremendous value to one’s work life.