The Shrinking Apartment
DID YOU KNOW? According to a new report from real-estate website RentCafe and data-analytics firm Yardi Matrix, the average size of a newly-built rental apartment has shrunk by 52 square feet, or 5%, to 941 square feet since 2008. New studios and one-bedroom units have shrunken in size even more by 10.3% and 4.2% respectively. New apartments have also become much more expensive to rent: the average price has risen 28% over the last 10 years to $1,944. Denver rents are up the most, over 80% in a decade.