Are Micro-Units the Next BIG thing in Commercial Real Estate?
The buzzword in many commercial real estate circles over the last economic cycle has been “affordable housing.” As costs of living have continued to increase, developers, government officials, and special interest groups have been fighting to figure out how can we continue to provide affordable and attainable housing for those in need. But no one is talking about the affordability crisis for entrepreneurs and startups. The cost of commercial space has also risen dramatically - sometimes 50% or more in some cases around Nashville. Micro-units may be the way for entrepreneurship to continue thriving in an evermore expensive environment - here’s why.
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In an upcoming discussion with Jacob Kromhout, my project manager from Bentwood Construction, we'll share the latest construction updates at Salt Ranch, my boutique hotel in East Nashville.