Global Trends in Mixed-Use Development and Gyeongju Model

Mixed-Use Development is becoming mainstream in global real estate. According to CBRE's 2025 survey, 73% of tenants prefer properties with mixed-use facilities, and mixed-development asset value appreciation rates (12%) exceeded single-use (8%) by 4 percentage points from 2023-2025. 68% of experts predict walkable mixed communities will become urban planning mainstream.

Mixed development is also expanding in Korea. It's evolving beyond existing 'residential + commercial' levels to forms combining 'industrial + commercial + residential + cultural.' Gyeongju has optimal conditions for applying this trend.

Gyeongju's mixed development model is 'tourism + industry + residential' convergence. The representative example is the Northern Region Economic Industry New Vitality Project (KRW 3 trillion scale). Advanced industrial complexes, logistics infrastructure, and residential environment improvements are pursued as one integrated project.

Culture-leading industrial complex projects can also be understood in mixed development contexts. Adding cultural experiences, youth spaces, and smart infrastructure to existing industrial complexes transforms simple industrial complexes into mixed-use spaces.

From investment perspectives, mixed-use development advantages include risk diversification and revenue diversification. Industrial rental income, commercial rental income, and tourism revenue create portfolios providing buffer effects against economic fluctuations. CBRE analyzes mixed development is surging in population growth regions like Dallas, Miami, and Tampa, with Gyeongju showing similar growth trajectories since APEC.

Mixed-use development requires urban planning-level permits. District unit plans, development activity permits, and environmental impact assessments apply comprehensively, with separate building standards for each use requiring satisfaction. Professional permit consulting is key to project success due to complexity.