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Old 08-10-16, 10:06 PM
  #139  
cooker
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Originally Posted by I-Like-To-Bike
"Though the units are nearly half the size of typical studio apartments, monthly rents are not analogously micro with current asking prices ranging from $2,570 to $2,920 per month. That’s an average of $110 per square foot, significantly more than $83 per square foot median studio price in Murray Hill and $60 per square foot in Gramercy."
https://www.6sqft.com/micro-apartmen...o-months-free/

Anyone know how well the apartments that are not being subsidized by the city are being leased at market rates?

More on the "affordable housing" and the zoning change at this isolated micro apartment located in NYC.
https://www.6sqft.com/why-micro-apar...-so-expensive/

More info about issues with micro apartments besides high market prices:
https://www.6sqft.com/living-in-a-mi...o-your-health/
None of that is relevant to the validity of my prediction, which I think remains an open question with four years still to go. I was thinking more along the lines of cities and developers creating a stock of pied a terre one room apartments purchased or rented by workers who live with their families out of town on weekends and only need a minimalist space to sleep in the city during the work week. These exclusive New York apartments don't really fill that niche - but they do show that the zoning impediments can be addressed. So we've started to get over one hurdle.

Last edited by cooker; 08-10-16 at 10:14 PM.
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