St. Louis Building Some of Nation’s Smallest Apartments

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Developers are shrinking the size of new apartments to accommodate the increasing demand for urban living. Research by RENTCafe has found that the average size of newly-built apartments fell eight percent in the last decade. In buildings with at least 50 units across the nation, the average size of new apartments – those completed in 2016 – is only 934 square feet, the smallest on record since 2006, when the average size of newly-built apartments was 1,015 square feet. Overall, the average size of a US apartment is currently 889 square feet, irrespective of when a property was built.

 

St. Louis is home to some of the smallest apartments in the country, with studios averaging 465 square feet, 1-bedrooms clocking in at 686 square feet, and 2-bedrooms spanning 941 square feet.

 

For many more data points and the full research, visit: http://www.rentcafe.com/blog/rental-market/us-average-apartment-size-trends-downward/

 

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