Live-work-play buildings offer access to residential areas, office & coworking spaces, as well as retail and entertainment under one roof, thus making the switch from workstyle to lifestyle convenient and quick. While not necessarily a novelty, mixed-use development is a concept that has taken off significantly in more recent years.
To further explore the evolution of LWP and its intersection with the coworking segment, the researchers at CoworkingCafe determined the top U.S. cities with the highest number of live-work-play buildings in 2022, as well as their growth throughout the last decade.
Findings in Denver:
- Denver completed 11 live-work-play buildings from 2012 to 2022 and has two more such projects in the pipeline for 2023.
- In line with the national trend, mixed-use buildings in Denver are primarily composed of residential areas (58% of the total square footage), whereas office spaces claim 33% and retail 9%. Three of those mixed-use buildings in Denver also include coworking spaces.
- 60% of the LWP developments in Denver have class A ratings, while 30% have class B ratings and 10% class C.
- Nationwide, 512 live-work-play communities were built between 2012-2022, with another 101 in the pipeline for the next two years.
