Thursday, October 11, 2012

part 2: Micro-Studios

Source: California's Smallest Legal Apartment: SmartSpace

San Fran Traditional Rental Stock + Micro-Studios
(Excerpt) "[San Francisco] Supervisor Scott Wiener ... said smaller units will mean cheaper and more plentiful housing options. With a tech boom underway, thousands of new hires have been snapping up San Francisco's rental stock.

The micro-units will probably go for $1,200 to $1,700 a month, Wiener said. According to the real estate service RealFacts, an average studio apartment in San Francisco now goes for $2,075.

So in a metropolis where 41% of residents live solo, Wiener said, the units would fill a niche by allowing people to stay who might otherwise have to take on roommates or leave town."  Source here.

On Topic:
San Francisco Considers: Micro-Studios

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