Micro apartments offer a small solution to big housing problems in expensive markets. With rising rents and housing shortages, these units are gaining popularity in cities like New York, Los Angeles, San Francisco, and even smaller cities like Buffalo and Tampa. Tenants value the affordability, and developers appreciate the higher return on investment.
Frank and Viktorie see micro apartments as ideal in high rent
, high-density urban areas. These units, often pre-furnished with luxury amenities, are 20-30% cheaper than average studios. Although they have higher turnover rates, efficient design and multi-functional furniture can maximize the small space for various uses.
Shared amenities like rooftop decks, gyms, and co-working spaces enhance the appeal, especially for single residents. The growing trend shows no signs of slowing down as cities adopt and promote micro apartments.
Contact Us: For a free evaluation of your apartment building, call Frank at (310) 503-4158 or Viktorie at (424) 301-0075.