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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