An article from RealtyTimes.com, reports that according to Mike Cannon, executive director of Integra Realty Resources of Miami, small to moderate-scale investors should be looking hard at central-city properties that currently have traditional, relatively inefficient uses that can be transformed into creative combinations of residential, retail, even office and light industrial. He said, "The move is back to the urban core. All the economic and demographic forces are pushing in that direction." Many of the high-potential properties Cannon recommends are the "live-work" modern equivalents of traditional American urban combinations, such as the retail store on the first floor, and residential units on the one or two floors above. Cannon said some of the most attractive real estate returns in the coming decade will go to investors who can identify and acquire urban-core land or buildings that are currently underperforming, but that have multiple, adaptive-use potentials going forward.
http://realtytimes.com/rtpages/20080620_investorreport.htm
http://realtytimes.com/rtpages/20080620_investorreport.htm
