If you think apartment units are getting smaller, you’re right. Densification has become a keyword in urban-planning circles, Density-microunitespecially in urban core submarkets.
But while the center-city trend is toward smaller units geared to the active millennials who use their apartments almost solely as a place to sleep, Axiometrics doesn’t expect “microunits” to spread to the suburbs.
Average unit size nationally has fallen from a high of 1,010 square feet (s.f.) in 2006 to 940 s.f. in 2013, though that figure is expected to rise to 959 s.f. this year.
Read more...Urban Cores Getting Denser
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