“Live-work” Properties Invigorate Commercial Districts
Posted August 28, 2007
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In recent years, work-at-home entrepreneurs are taking a giant step out of their home offices in suburban neighborhoods and into “live-work” units in commercial and industrial areas once practically vacant after 6 p.m. In commercial districts from North Hollywood to Santa Ana, the units can be rented like apartments or purchased like condos. Some are simply empty lofts that can be divided up by their owners. Other units are more elaborate, with separate “work” entrances into walled-off spaces. Several factors make live-work units attractive to certain small-business operators, including an end to commuting and the opportunity to own their office or manufacturing space. For small-business owners and others, the idea offers lots of advantages — and certain drawbacks. A live-work space can mean a major reduction in commuting time and costs. But like a home office, it can also nurture your inner overachiever. |
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