Typical studio apartments average 500 to 600 square feet, but Riaz Capital’s micro-studios average 300 square feet. These smaller units aim to address housing affordability in high-cost areas. They come with minimal appliances, often lacking full-size ovens and featuring smaller fridges. Rent for a 277-square-foot unit can be $1,750 per month, making it cheaper than many newly built apartments in the region. Riaz Capital has built 2,200 residences in the Bay Area and plans to develop 3,700 more across California, promoting their micro-unit approach as a housing solution.
The average size of studio apartments is typically 500 to 600 square feet, while Riaz Capital’s new micro-studios measure around 300 square feet, catering to affordability.
Many micro-studios include only essentials and lack full-size ovens, instead providing just two electric burners and mini-fridges, leading to decisions based on resident feedback.
A 277-square-foot studio at ArtHaus Jack London rents for $1,750 a month, comparable to below-market-rate units, despite still being more affordable than larger studios.
Riaz Capital has constructed 2,200 residences in the Bay Area, with another 3,700 units in development, aiming to address California's housing affordability challenges.
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