Tiny Apartments and Condos Proliferate, Solve Affordability Problem, Business and Industry Trends Analysis

Apartment sizes are shrinking, with new apartments in San Francisco averaging 18% smaller than a decade ago, while units are 22% smaller in Boston, according to Axiometrics, Inc.  A number of urban areas in the U.S. are seeing the construction of micro-apartments, typically 300 square feet in size (about the size of a hotel room).  CoStar Group reported 26 micro-apartment projects totaling 2,000 units built or under construction in San Francisco, Washington, Los Angeles, Boston, New York and Seattle as of early 2014.  In 2015, CoStar reported more than 2,200 additional units under construction or proposed in the U.S.  Rents…

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