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What are micro-apartments? Are they the next big thing in rentals?

3 Tips to Protect Your Stockton California Rental Property and Keep Your Tenants Happy

Rental properties are always changing, especially in California where we’ve seen more tiny houses than ever before but what about micro-apartments? Are they the next big trend in rentals?

What is a Micro-Apartment?

Micro-apartments are smaller-than-average studios intended for a single resident. Ultra-efficient design packs a kitchen, bathroom, and other necessities into a unit of 200 to 400 square feet, while high ceilings and large windows create the illusion of space.

Many micro-unit buildings provide common areas where residents can relax and socialize. Some are designed for co-living, in which your bedroom is private, but all other amenities are shared with other residents. Thriving communities, appealing amenities, and prime downtown locations balance out micro-apartments’ small size. With the building as their living room and the city as their backyard, residents often only return to their rooms when it’s time to go to bed.

A prime example is Carmel Place, located in the Kips Bay neighborhood of Manhattan. The building has a footprint of just 4725 square feet. Its 55 modular micro-units are 260 to 360 square feet each; each boasts 9’8” ceilings, 8’ sliding windows, and Juliette balconies. The building has a large lobby, a gym, a roof deck, and multiple lounges and community rooms to be used as gathering places, as well as storage space for each unit. A live-in community manager plans barbecues, guest speakers, and other social events. The majority of units cost between $2440 and $2910 per month, which includes a private bedroom, bathroom, and kitchen; an app-based butler service; Wi-Fi and cable; and custom furniture. In addition, 8 units were designated for homeless veterans; the remaining 14 units set aside as affordable housing received over 60,000 applications. – Learn more here!

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