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Market-Insights
Wednesday, 22 March 2023 / Published in Base4

2023 Insights | Apartments Are Getting Smaller

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The apartment market has seen significant variations from one year to another. However, we’re experiencing a different reality with the size of newly built apartments shrinking. The average size of new apartments in 2022 was 887 sq. ft., 54 sq. ft. less than ten years ago.

Evolution of Average Apartment Size-BASE4

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The drop in size can be attributed to more studios and one-bedroom apartments entering the market in 2022, reaching a historic share of 57%.


BASE4 | Your Multifamily Partner

BASE4 is the right architecture and engineering firm for all of your design needs. We have a product-centered approach using 100% Revit design. We perform all services in-house, including architecture, structural engineering, MEP engineering, interior design, 3D BIM visualization, and construction administration.

BASE4: The GO-TO Firm for Optimal Design

We know we are in volatile times, where supply chain issues…

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You need design partners who understand how to create an efficient and high-quality living space. With experience all over the country, our designers work with these goals in mind:

  • Giving you diverse floor plan options to find the perfect balance for your next multifamily space.
  • Designing apartments with affordable construction options using industrialized construction methods.
  • Suggesting the right prefab methods for flexibility and speed-to-market.

Micro Apartment Unit-BASE4

Let’s talk about your next project!

 

Thank you,

Blair Hildahl
BASE4 Principal
608.304.5228
BlairH@base-4.com

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