New models of architecture in the real estate market

Abstract

Problem Statement: The real estate market transforms the built environment radically in the past two decades. Therefore architectural practice as well try to respond by attempting to establish contemporary paradigms of objective reality which used to be determined by specific functional typologies and standards in the past period of socialist modernism in Macedonia. Under the influence of socio-economic, cultural, political, and market proprietary changes today, the emerging architectural mixed-use or hybrid typologies are evidence of transformations and need to be researched as a phenomenology of build space. The problem area of this research is the redefinition of the role of architectural practice in the commercial real estate market where a building is a product that is used specifically for real estate business or income-generating purposes. Purpose of Study: To respond to the global and regional economical development of the real estate market today and create more community-oriented sustainability of buildings today, it's very important to define the particular program to meet the needs of future users of buildings. Through the research of recently emerging architectural concepts of hybrid/mix-used buildings, the purpose of this paper is to recognize the model of integration through the program and determine the factors that have a decisive influence on real estate buyers and also have the potential to provide rental income as well as a capital appreciation for investors. Methods: The research is focused on public mix-used buildings with disparate program contents and program integrated hybrid models, as case studies. The research process will investigate and observe the flows in the commercial real estate market to quantify the program. Through statistical methods of particular stakeholders, this research will recognize models for sustainable economy of the built environment. Findings and Results: The expected results of the research will determine the economic and social factors that trigger transformative processes from existing to new models of architectural typologies. Conclusions and Recommendations: The assumption that mix-used/hybrid models give the possibilities for a sustainable market economy, this research re-presents architecture as contemporary paradigms of the built environment. The unifying character of mixed-used and hybrid buildings is ready to accommodate planned and unplanned activities in the city. The hybrid scheme proposes environments that mix already known typologies and create allies that improve existent conditions.