Wednesday, July 13, 2016

Apartment Dwellers Are Paying More For Less


It is not uncommon to sacrifice your living space in order to spend less on rent or live in a prime location, but you might be surprised to find that the living space in your apartment might already be getting smaller.

Across the U.S. apartments are averaging smaller in size. Developers in multi-family construction are having to fit more units into their apartment communities to help balance the rise in construction and land costs. 

Downtown apartments aren’t the only ones shrinking in size. Many newer apartments hitting the market are averaging 8% less in square footage than those built over a decade ago. The average size apartment ten years ago measured 1,015 square feet. Today they are averaging 934 square feet. While apartments are slowly shriveling, rent rates continue to climb, over 7% in the past five years.




We break it all down for you:
  • Studio apartments now average 504 square feet in the U.S, having downsized nearly 18% since 2006. 
  • One-bedrooms have shrunken by 5%, averaging 752 square feet today.
  • Surprisingly two-bedroom apartments have held their space and actually increased 1% averaging 1,126 square feet today.
Finding an apartment in San Antonio with enough square footage does not have to be a challenge. Our apartment finders are experts in the apartment inventory in San Antonio and have access to many unadvertised special pricing. It is more important than ever that you get the most space for your rental dollars.  Let us help you maximize your rental dollars and find the perfect apartment!