Apartments shrink to smallest size in a decade

By Samantha Goldberg | Multi-Housing News

Many of today’s renters are willing to give up space in exchange for a good location and a variety of amenities.

When it comes to living spaces, size doesn’t always matter. Especially for young professionals, location is a more important factor than the size of the apartment as the cohort is more concerned with proximity to jobs, restaurants and other sources of entertainment, a recent RENTCafe report found. The proof is in the numbers with the average size of new apartments (those completed in 2016) now at 934 square feet, 8 percent smaller than those 10 years ago.

Continued:

As Apartments Are Shrinking, Seattle Tops New York with the Smallest Rentals in the U.S.

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June 29, 2016

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