Tiny — and affordable — modular living spaces could soon
become the latest real estate craze in the highly crowded city of
Fifty-five micro apartments are being constructed in
follow the example of
and Mumbai. According to Bloomberg News, micro apartments at the new “My Micro NY”
building will be only 250 to 370 square feet. Rents will range from $939 to
$1,873. Currently, the average monthly rent for a studio is more than $2,000.
The Architect featured in this video says that modular
construction is the most viable way to build these new housing units.
The organization predicts that the population of
9.2 million by 2040, but won’t have a place to put all the new people. The
city’s demographics and housing options are also currently out of whack. Nearly
half of the population is single, but studios and one bedroom apartments
comprise a minority of housing.
Such factors make micro apartments an appealing solution, at
least on paper.
