According to a RentCafe report, newly constructed rental apartments in the U.S. have decreased in size by 22 square feet on average in the past decade, now averaging 908 square feet. This decline is driven by a shift towards more studios and one-bedroom units, as an increasing number of young professionals opt to rent due to high interest rates. However, recent data indicates a slight recovery in apartment sizes, with some cities like San Francisco experiencing significant increases, despite overall shrinkage in many major urban areas.
Developers are increasingly building smaller units to maximize profits, a trend partly driven by a growing number of young, professional singles favoring rental living due to high interest rates.
Over the past decade, the average size of newly constructed rental apartments has shrunk by 22 square feet, leaving many residents unable to fit essential furniture.
Interestingly, despite the overall trend of downsizing, certain cities have shown recent growth in apartment sizes, with San Francisco leading the way.
The shift to more studios and one-bedrooms - a rise from 46% to 53% of new builds - reflects changing demographics and lifestyle preferences in urban areas.
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