Tag

Square Footage

All articles tagged with #square footage

real-estate2 years ago

"Shrinking 1-Bedroom Apartments: Now Under 900 Sq. Feet"

New apartments in the US have seen a reduction in size, with the average square footage dropping by 30 square feet to 887 in 2022, according to a report by RentCafe. The decrease in size was most significant in studio and one-bedroom apartments, which have seen an increase in market share. The report also found that the average apartment size varied by region, with the South, Southeast, and Western regions offering the most space, while the Pacific Northwest, California, and Mid-Atlantic regions offered the least. The average apartment size has seen a 5.7% drop between 2013 and 2022.

real-estate2 years ago

U.S. cities see trend of shrinking apartment sizes.

New apartments in Seattle are the smallest in the US, with an average size of 659 square feet, 26% smaller than the national average. This trend of shrinking apartment sizes is happening nationwide, with newly built apartments shedding an average of 30 square feet compared to 2021. The decrease is due to more studios and one-bedroom apartments entering the market, accommodating more units in projects. The size of apartments under construction could signal whether the trend of smaller rentals will continue.