Welcome to the gray area of commercial real estate, the question of living and operating a business in a loft for rent. The answer is not an easy one, but we will do our best to shed some light on this topic.
We are RDS Real Estate, serving the Greater Fort Worth Metro area with affordable industrial space and commercial property for rent. Call us at 817-439-3224 for more information.
All right, let’s dive into this murky question.
What is a loft for rent?
A loft apartment is a large space, typically over 1,000 square feet, that has one room. Aside from a separate bathroom, these apartments lack distinct rooms like bedroom (s), a kitchen, dining room, and living area. Additionally, lofts have open areas that blend all the rooms together, much like a studio for rent apartment. They are often called multi-use spaces because the single room serves multiple purposes i.e. bedroom, kitchen, living room, etc.
What is the problem with working and living in a loft?
The problem with the working/living scenario is one of zoning. Almost always, a loft for rent is considered residential in nature; rarely is one considered commercial. And, without the proper zoning regulations, it is legally impossible to live and work in a loft.
Solutions? Are there any?
A live-work loft is a residential space within an area zoned for residential and commercial use. It’s typically a warehouse for rent loft with raw brick, large windows, and a spacious living area. Commercial laws vary based on the state and city a live-work loft is located in.
For communities, Live-Work Units can be a boon for economic development. Local businesses and entrepreneurs can thrive and create new job opportunities by promoting a mixed-use development model. Live Work Units can help reduce traffic congestion, as fewer people must travel to work or run errands outside their neighborhood. This can also promote a more sustainable lifestyle by reducing the need for transportation and lowering carbon emissions.
The key, then, is to concentrate on the zoning regulations.
An all-too often assumption is that zoning regulations cannot be changed, and that assumption is incorrect. There are variances granted to existing zoning regulations daily across this country.
A variance is an exception to a zoning restriction that allows the use of the land outside the requirements of the zoning for that area. Variances can be given by a locality for businesses who present valid reasons for the variance and who can show that the variance will not lessen property values or interfere with the use of the property by current residents. In some cases, you may have to go before the city council or municipal government and plead your case.
A competent commercial real estate agent, building contractor, or leasing consultant can help guide you through the process of obtaining a zoning permit or variance for commercial property for lease. The zoning or planning board must give you the permit or variance before you can begin construction or use the building for business purposes.
A final word about RDS Real Estate.
RDS Real Estate is locally owned and operated, and we are well-versed and very familiar with the zoning regulations in Tarrant, Parker, and Johnson Counties. This is our backyard, and we know our way around it very well. Call us today, tell us what you need, and we will find it for you.