By Ashley Halligan, a managing editor at Software Advice
Some U.S. cities are maxing out their population capacity with little room to grow. In response, they have two options: develop higher or now, in the case of the latest trend, smaller. Introducing micro-apartments, a new housing option that's popping up in population-dense cities like Vancouver, Chicago, San Francisco, New York City and Boston.
Designed to meet the growing demand for one- and two-person households in urban centers, micro-apartments target middle-class, single, and Generation Y residents, who may otherwise be unable to afford housing in these prime neighborhoods. Often smaller than existing city codes allow, the rise of micro-apartments has driven some mayors, like Mayor Bloomberg, to modify minimum living space ordinances.
Read more...Why Property Managers Should Consider Micro-Apartments via Software Advice