Average New Apartment Size Shrinks in East and West Coast Cities
December 19, 2019 | Bendix Anderson | National Real Estate Investor
The new apartments now opening tend to have fewer bedrooms spread over fewer square feet of space than just a decade ago.
“They are getting smaller,” says Caitlin Walter, vice president of research for the National Multifamily Housing Council (NMHC). “Part of that is where apartments are getting built.”
As developers build more new apartment buildings in busy urban areas, they are focusing more on studios and one-bedrooms apartments for single people and childless couples. These smaller apartments are most prevalent in urban regions in California and the Northeast, according to experts.
