September 16, 2016 Comments Off on Teensy-Tiny Apartments Views: 516 National News, New York, Northeast

Teensy-Tiny Apartments

We’re fresh off of Connect Apartments, where there was a lot of talk about climbing rental rates, especially in urban core metros like San Francisco and New York where rents can reach $11-12 per square-foot. Some millennials’ solutions?

The New York Times profiled one musician in the Williamsburg neighborhood of Brooklyn, who for $450 per month, lives in a 40 square-foot crawlspace above a performance space. His home is 9 feet long by 4.5 feet wide, and 5 feet high. Considering he has to crouch in order to enter his living room, traditional micro-units like what is being built in SOMA at 235 SF, seem like cavernous rooms.

Looking at the math, that’s still $4.50 a square-foot… rental rates being commanded in Class-A projects in the most exciting neighborhoods across the country.

We call sub-500 square-foot spaces micro-units. What do you call a home that’s less than 50 square-feet? How small could you go?

Read More at NYTimes.com

For comments, questions or concerns, please contact Sarah Quinn

Share on FacebookTweet about this on TwitterShare on LinkedInEmail this to someone

Tags: , , , ,

Comments are closed.