745 Square Feet: Are DC's New Apartments Getting Bigger Or Smaller?
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Apartments in major metros across the country continue to shrink, but is that happening in the DC region?
A recent study from RENTCafé found a dynamic in the nationwide rental market akin to what most grocery shoppers have observed: people are paying more, but are getting less.
The average size of a new apartment in the U.S. was 908 square feet this year, a small increase from last year (904 square feet), according to the report.
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Out of 100 cities nationwide with the largest rental markets, DC has the eighth-smallest apartments, with an average size of 745 square feet. Studios, one-bedrooms, and two-bedroom apartments in the city have all gotten smaller over the last decade. One-bedrooms -- which make up 60% of new apartments -- saw average size drop by 55 square feet.
"Three-bedrooms were the only layout to gain space, adding 91 square feet, but they remain a niche offering, representing just 2% of new construction," the report stated.
For the full report, click here.
See other articles related to: dc apartment market, dc apartments
This article originally published at https://dc.urbanturf.com/articles/blog/745_square_feet_are_dcs_new_apartments_getting_bigger_or_smaller/23390.
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