The average size of new apartments dropped sharply in 2022, as tracked by RentCafe.
Across the U.S., the average new apartment size was 887 sf, down 30 sf from 2021, which was the largest year-over-year decrease, according to the apartment search service. It was also 54 sf less than the average size of a new apartment 10 years ago.
The drop in size can be attributed to more studios and one-bedroom apartments entering the market in 2022, reaching a historic share of 57%. Tallahassee, Fla., led the nation with the largest apartments, while Seattle’s apartment portfolio had the smallest-sized units.
“The post-pandemic apartment market has seen significant fluctuations from one year to another, including oscillations in the size of new apartments,” according to RentCafe. “From the need for more space in 2020 to the need for more homes in 2022, the rising demand for rentals is affecting the size of newly built apartments.”
Tracking the size of U.S. apartments, in six charts (courtesy RentCafe)
Related Stories
| Sep 3, 2013
Delinquency rate for commercial real estate loans at lowest level in three years
The delinquency rate for US commercial real estate loans in CMBS dropped for the third straight month to 8.38%. This represents a 10-basis-point drop since July's reading and a 175-basis-point improvement from a year ago.
| Aug 26, 2013
What you missed last week: Architecture billings up again; record year for hotel renovations; nation's most expensive real estate markets
BD+C's roundup of the top construction market news for the week of August 18 includes the latest architecture billings index from AIA and a BOMA study on the nation's most and least expensive commercial real estate markets.
| Aug 23, 2013
Mack Urban, West Coast real estate and development firm, formed from intercompany collaboration
Urban Partners, LLC, Harbor Urban, LLC, and Mack Real Estate Group, three leading full service real estate firms known for high quality urban infill development, today announced the formation of Mack Urban, LLC, a premier West Coast real estate investment and development company.
| Aug 22, 2013
Energy-efficient glazing technology [AIA Course]
This course discuses the latest technological advances in glazing, which make possible ever more efficient enclosures with ever greater glazed area.
| Aug 22, 2013
6 visionary strategies for local government projects
Civic projects in Boston, Las Vegas, Austin, and suburban Atlanta show that a ‘big vision’ can also be a spur to neighborhood revitalization. Here are six visionary strategies for local government projects.
| Aug 21, 2013
Chicago's Magellan Development Group builds national presence with new luxury apartments
Chicago-based Magellan Development Group, one of the Midwest’s most prolific large-scale, mixed-use developers, is building a national footprint through two mixed-use projects in Minneapolis and Nashville.
| Aug 21, 2013
SummerHill Apartment Communities creates SoCal division, hires SVP, announces development plans
SummerHill Apartment Communities, a division of SummerHill Housing Group based in San Ramon, Calif., announced today that the firm has hired multifamily industry veteran Patrick S. Simons as senior vice president to lead SummerHill Apartment Communities' new Southern California division. Simons will be focused initially on creating a high volume of future projects throughout Southern California.
| Aug 14, 2013
Green Building Report [2013 Giants 300 Report]
Building Design+Construction's rankings of the nation's largest green design and construction firms.
| Jul 25, 2013
First look: Studio Gang's residential/dining commons for University of Chicago
The University of Chicago will build a $148 million residence hall and dining commons designed by Studio Gang Architects, tentatively slated for completion in 2016.
| Jul 19, 2013
Reconstruction Sector Construction Firms [2013 Giants 300 Report]
Structure Tone, DPR, Gilbane top Building Design+Construction's 2013 ranking of the largest reconstruction contractor and construction management firms in the U.S.