14 Commercial co-ownership property

Commercial co-ownership is becoming increasingly popular 

Some co-ownership properties are solely for commercial or industrial purposes. Often, the advantage of such properties is the pooling of several expenses related to the operation of a building, such as maintenance and repair costs, insurance, property taxes, etc. 

A property can also be a mixed-use co-ownership, i.e. where the building is made up of units with different uses. The concept of mixed-use co-ownership has greatly evolved in recent years. Whereas mixed-use properties were previously limited to businesses on the first floor and residential units on the upper floors, developers are now innovating by designing “micro-cities” within a building (or group of buildings) that can combine retail businesses, residential and commercial parking, restaurants, daycare centres, offices, hotels, residential units, etc.