The modern lifestyle of millenials has inspired and influenced many housing trends. According to Curbed, millenials have an on-demand lifestyle which values location over the size of the house. It was reported that many working millenials want to be close to the center of the city and public transportation.
The site also reported that having a living room becomes less relevant for these working millenials as they hold lesser parties because they can socialize with other people online. Because of this, many home developers are looking into making micro apartments which can cater to the needs of these millenials.
Since 2008, the average unit across the country is only 995 square feet. Many developers are now looking into creating more studio and one-bedroom apartments since the sales have increased from 40 percent to 50 percent in the recent years.
The trend of having more efficient units has challenged many developers to be more creative with their micro units. Many architects design the kitchen to be part of the living space and add a more granular level of design. As of writing, micro apartments have been popular in big cities like San Francisco and New York.
Despite having small spaces, some of these units are still not affordable for many. According to the media outlet, rents in cities like San Francisco has become more expensive, so many real estate agents have recommended renters to move to more affordable towns like Fremont, Danville, or Walnut Creek. However, many people still want to be close to the city, and in turn it created a pressure on big tech companies like Google to build more campuses for their employees in San Francisco.
