While yes, the footprint is small and small does not always mean less expensive, it does require thinking creatively to achieve the greatest return and yes, the return can be great.
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We all enjoy trying on clothes before buying them, right? Think of test fits as the real estate equivalent of trying on clothes. Lately, we've seen a surge in feasibility studies for potential properties, which are often referred to as "test fits". This increase may be a response to last year's freeze on short-term rentals in Orleans Parish, which left many developers wondering, "What else can I do with this property?" Let's explore some key questions that test fits are designed to address.
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The term “third place” has infiltrated our market as a space to be in that isn’t - one, our home, or two, our office…it’s our third place: a place to socialize, be creative, relax, meet and entertain.
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Those of us involved in building things - planners, city governments, developers and architects and designers - need to advocate to fundamentally change they physical framework of daily commerce, and we need the support of the citizens to do so.
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