We all love to complain about how tiny our apartments are, but a new study reveals that New York City’s apartments are shrinking at a slower rate than other major metropolitan areas across the country.
The study was conducted by real estate analytics firm RCLCO, and they found, unsurprisingly, that the average apartment size is shrinking thorough the US. The surprising thing is that NYC isn’t even close to the top of the list of shrinking apartment sizes, it is in fact at number 16 with only a 3% decrease in apartment size.
The top 5 of the shrinking-living-space-list Boston, Minneapolis, Seattle and Detroit with Philadelphia taking first place.
It’s not all good news though, RCLCO found that NYC and San Francisco had the smallest apartments to begin with obviously making it more difficult to reduce may living spaces further.
According to the analytics firm’s research, more than 50 percent of apartments in high cost areas now measure 700 square feet or less, which is no news for us New Yorkers. At least we know we’re not alone.
Featured image source [xpatnation]