The increasing desire for socialization, mainly fueled by the expansion of the work-from-home revolution and rising construction costs, has led to a trend of shrinking apartment units. Last year, the average size of new rentals decreased by 54 square feet compared to ten years ago, with the average size being 887 square feet. Read on.
Smaller Apartments on the Rise
This year also saw the largest year-over-year decrease, reducing 30 square feet. One of the contributing factors to this size drop is the increased availability of studios and one-bedroom apartments, which accounted for a historic share of 57% in the market. Smaller apartments have become more popular due to increased demand from single-person households and cost-effectiveness.
BASE4—Your Multifamily Partner
BASE4 is the right architecture and engineering firm for all 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.
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:
We understand the market and are committed to helping developers, and GCs navigate these challenging times. We believe in a PRODUCT mindset—bringing standardization and manufacturing principles to the AEC industry. We help developers, general contractors, and factories find better and cheaper ways to build through innovative technology, forward-thinking design, and offsite manufacturing.