[Three Cents Worth NY #198] Living Micro in a Macro Market
Posted by Jonathan Miller - Tuesday, July 10, 2012, 4:42 PM
It’s time to share my Three Cents Worth (3CW) on Curbed NY, at the intersection of neighborhood and real estate in the capitol of the world. And I’m simply here to take measurements.
Read today’s 3CW post on @CurbedNY:
There has been a lot of attention lathered on the mayor’s recent announcement that would allow the creation of smaller studios to improve affordability, so I thought I’d take a look at this sub market for a reality check. Since a “micro unit” was defined as 275-300 square feet, I took a look at how common they were in the sales market over the past decade (I don’t have enough sqft data compiled for small rental studios yet) and I also compared all sale studio sizes against all rental studio sizes over the past five years.
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