Developers are thinking small when it comes to studio apartments. The average size of studio units has shrunk by 54 square feet to 445 square feet since 2014, making them 10% smaller today than they were a decade ago, according to a new report from RentCafe.
Smaller studios, which are self-contained apartments without walls between the living space and kitchen, appeal to renters and landlords. Tenants in these apartments tend to care more about saving on cost than about absolute size, so most are willing to sacrifice a little space if it keeps the monthly charge down.
Source: America’s Smallest Apartments Are Getting Even Smaller – WSJ
