Riaz Capital's micro-studios measure around 300 square feet, aiming to provide affordable housing options in the Bay Area. These units are compact, featuring essentials like small refrigerators and electric burners instead of ovens. Although smaller, they allow for more apartments in a building, aiding economies of scale in maintenance and operations. Rent for these units is lower than many newly built apartments in the area, with a 277-square-foot studio priced at $1,750. Riaz Capital has built over 2,200 residences and has additional developments planned across California.
The size of a typical studio apartment is 500 to 600 square feet. The studios that Riaz Capital is building around the Bay Area measure on average 300 square feet.
Many don't have ovens - just two electric burners. The small unit size means they can squeeze more apartments into a single building, achieving greater economies of scale.
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