Metro

  • Written by Lilly Miller

Micro-apartments are smaller rental spaces that usually measure 350 sq. ft. or less, although they can be as large as 500 sq. ft. in certain locations. Similar to studio apartments, these living spaces offer all the necessary amenities a tenant might need, including a kitchen, bathroom, sleeping and living spaces, all perfectly placed into minimal areas with the help of innovative design solutions.

Although it is difficult to pinpoint exactly where this idea comes from, it’s quite likely that the need for more affordable living options combined with the rising costs of construction and land led to a higher number of smaller apartments packed into buildings at a higher density than before, allowing for a solution that caters to tenants and investors alike. But what exactly is the appeal of such small living areas, and will micro-apartments become the new housing norm?

A more affordable accommodation option

While the standard of life has decreased, the cost of living has actually skyrocketed in the past decades, which might explain why younger generations are so keen to rent smaller living spaces that could be easier on their monthly budget. Even though there are many factors that might affect the cost of micro-apartments, most notably their location, these rental units are considered to be significantly more affordable on average.

In fact, micro-apartments can save renters between 20 and 30 percent compared to a standard, more conventional apartment in the same or similar location. Although it might not seem like a notable difference in price at first, it becomes incredibly important in large metropolises with the highest costs of living, as it allows younger generations to be able to afford life in these expensive cities.

The convenience of top city locations

Even though they might be small in area, the unconventional size of micro-apartments allows for one particularly important benefit; a prime location in the heart of the city. Considering the fact that micro-apartments are usually built in the biggest, most densely populated cities, they are often situated in urban locations that don’t provide plenty of space for construction. However, due to their size, they come at a lower cost, presenting a better compromise for average renters.

What’s more, a high number of tenants, particularly young ones who have only now started looking for their own housing solution, will generally be glad to sacrifice a large living space, on the condition that this means they are located quite close to any universities, business districts, or other amenities that make city life appealing. This might explain why smaller apartments are gaining such popularity with the generations that tend to prefer a life of convenience.

Unique experiences of serviced apartments

Apart from being a sought-after long-term housing option, smaller apartments are also gaining popularity among avid travelers, regardless of the length of their stay. People are opting for service apartments for rent much more often than before, as they not only provide a prime inner-city location, but also come fully furnished with all the amenities one might need, allowing for a more homely and personal feel.

While offering individual bathrooms for more privacy, these types of apartments tend to be located in buildings that also provide communal areas for their renters, including a kitchen, laundry room, and relaxing lounge spaces. Whether it’s a short or a long-term stay, such an arrangement gives tenants the opportunity to socialize and network with like-minded individuals, while also providing enough privacy to cater to personal needs, making it a wonderful option for a generally social generation.

The appeal of innovative design solutions

What would be considered a necessity in the past is now mostly viewed as wasted space when it comes to modern renters. As they move towards more minimalist lifestyles, younger generations tend to consider utilities such as basements and guest rooms to be unnecessary luxuries. Instead, they are happier with smaller living areas that are new, clean and fully equipped, while providing the essential aspects of living one might need.

As these renters generally value the aesthetics of good interior design, the mere confined nature of micro-apartments tends to be an appealing aspect. Such limited space forces architects and designers to come up with smart and innovative solutions that make micro-apartments fully functional, whether it means including space-saving furniture in tiny homes or choosing storage spaces that are cleverly hidden in the walls or under the stairs. Offering function and versatility, as well as brilliant design, micro-apartments evidently cater to all aspects of a minimal lifestyle.

New investment opportunities

Micro-apartments aren’t just favored among renters; they are slowly gaining popularity among developers and investors as well. As even large city areas have already become overcrowded, city planners and developers find it a great challenge to make room for the increasing number of young renters. And that is exactly where the convenience and the appeal of micro-apartments come in.

For investors and developers alike, these small living areas often offer a number of solutions to common housing problems, including the long construction times, as well as cost efficiency. Thanks to their naturally small areas, micro-apartments are surprisingly simple and quick to build, especially compared to more traditional apartments, and they even require less initial investment. In combination with the need for efficient spaces and the continuous rise in micro-apartment living among younger generations, these housing options now present ideal investment opportunities.

The current lifestyle trends and the urban housing industry both seem to be heavily impacted by younger generations of renters who are looking for simpler, more efficient, and more convenient accommodation options. Since micro-apartments evidently offer everything these tenants might need, including the benefits of city living, without the unreasonably right renting costs, it’s no wonder why they gained such popularity in recent years. Combined with the fact that they now present a lucrative investment opportunity, as well as a space-saving solution for developers, there’s no denying that the popularity of living in smaller apartments will continue to rise in the years to come.


Metropolitan News Latest

Pokemon Go: The San Francisco Guide to Capturing Pikachu

If you're seeing more people walking around San Francisco with their eyes looking at their phones, you're not imagining things. In fact, they're most likely looking for Pikachu. Yes, the same Pikachu from the 90's Pokemon franchise and it has taken o...

Laurie Armstrong - avatar Laurie Armstrong

Australia to Host World's 50 Best Restaurants in 2017

The World's 50 Best Restaurants and Tourism Australia have today announced in New York that Melbourne, Australia will be the host destination for the prestigious awards in 2017. The announcement was made by William Drew, Group Editor of The World's ...

Julie Earle-Levine - avatar Julie Earle-Levine

What to Know Before You Go: Sonoma County, California

Located in Northern California just a short drive north of San Francisco, Sonoma County offers a delightful blend of stunning scenery, urban sophistication, agriculture, small-town charm, outdoor adventure, and the food and wine that make this region...

Birgitt Vaughan - avatar Birgitt Vaughan

San Francisco's Annual Festivals and Major Events 2016

San Francisco's Annual Festivals and Major Events 2016   The following events are held on an annual basis and are updated throughout the year. All dates and locations are subject to change and should be confirmed with sponsors before making travel ...

Elisabeth Wieselthaler-Toelly - avatar Elisabeth Wieselthaler-Toelly

Exploring Art in Sonoma County, California

In addition to offering ideal conditions for premium wine grapes and farm-to-table delicacies, Sonoma Wine Country nurtures the creative spirit. It's lush landscapes and dynamic creative culture attract and inspire artists of all types and styles, in...

Tina Luster - avatar Tina Luster

Events in Paradise Upstairs@Hemingway's Brewery

The General Manager of Hemingway's Brewery, Dean Scadding shows off the view Upstairs@Hemingway's  Tuesday, 14 June 2016.…When it opens later this month, Hemingway's Brewery will introduce a breathtaking new venue to Port Douglas' thriving eve...

Pip Miller - avatar Pip Miller

Entertainment News

Ny’a: My Musical Journey

It’s been such an amazing musical journey. Starting my career in the late 1990’s and selling over 500,000 copies of my debut album “Embrace” worldwide was the beginning of it all.  It was an incredible start of my career. It was a whirlwind for m...

Ny’a - avatar Ny’a

Pro Tips for Gambling Online

While online gambling sounds like an entertaining thing to spend your afternoons playing, it is also serious business for professional players. Those that take gambling seriously know all the tips and tricks that make a good game. Not only do the...

News Co - avatar News Co

The New Art: Balancing Human and Synth in Music Creation

It’s a great time to be alive for indie music makers! There are many of us, maybe including you, who are creating good music out there, armed with nothing but our own ingenuity and the few dollars in our shallow pockets. But what’s the best way to ...

Angela Predhomme - avatar Angela Predhomme

An unstoppable force in indie R&B music since her re-emergence in 2015, Ny’a releases “Waiting”

An unstoppable force in indie R&B music since her re-emergence in 2015, Ny’a has topped the World Indie and Euro Indie Charts countless times, hit the R&B Soul Chart and Club Music Chart Top 20 and became the first artist since Janet Jack...

News Co - avatar News Co

An Aussie Band Breaks Into The US Music Market

AN AUSTRALIAN BAND’S STEPS TAKEN TRYING TO BREAK INTO THE US MARKET By skinsNbones The steps skinsNbones have taken as a band trying to break into the music market haven’t been taken in the traditional Australian way. We didn’t have the opportun...

News Co Media - avatar News Co Media

KENNY BLACK , STEPHEN WRENCH AND SHIMMER JOHNSON Release “Good Ole Love”

After a difficult year fraught with fear, anxiety and personal and sociopolitical struggles, nothing has the power to soothe our collective souls – or coincides as perfectly with our renewed sense of hope – than a heartfelt, blissfully beautiful love...

News Co Media - avatar News Co Media

Metropolitan Business News

Essential Tips for Developing Corporate Websites

The corporate industry, just like the others, is experiencing a massive technological revolution. Organizations have changed their marketing criteria by embracing the internet. Therefore, do not be ...

News Co - avatar News Co

How to Make a Personal Injury Claim for Minors

As a parent, you want to make sure your child is always safe. But as much as you want to keep him under your watch, it is impossible to be there for him all the time. When he is out there attendin...

News Co - avatar News Co

Dress for Success - Style Essentials for Every Businessmen

Did you ever glance at a person in passing and instantly think, “Wow, they must be successful”? It seems like the rich and successful people always stand out from the crowd without even trying, ...

Diana Smith - avatar Diana Smith

Why use Google Adwords?

Google ads, previously known as Google AdWords is one of the best and most effective ways to advertise your business online. According to data released by Google, over 5.5 billion searches are made ...

News Co Media - avatar News Co Media

Perfecting Web Design For A Health-Based Website

These days, when it comes to understanding what we put into our bodies, we are more focused than ever. It seems that everywhere we look, there is another health benefit, product, or trend on the...

News Co Media - avatar News Co Media

3 Realistic Reasons Why Physical Offices Are (Almost) Dead

Nowadays, more and more businesses are trying to find alternatives to traditional offices. For many years, brick and mortar offices have been at the heart of a company’s life. But work environme...

News Co Media - avatar News Co Media

Writers Wanted


News Co Media

Content & Technology Connecting Global Audiences

More Information - Less Opinion