Apartment rentals New York with Apartment Size Shrinking

The Compression of NYC’s Small Apartments

There’s been a lot of hype and hoopla over New York City Mayor Michael Bloomberg’s plan to introduce 275-square foot micro apartments in the city as a means to satisfy New Yorkers’ apparent demand for small apartments. Bloomberg’s plans to shrink rental living space has got both positive and negative reactions, although the majority of the feedback seems to have been mostly of the latter category. But it now seems that Bloomberg was on the right path after all—the size of new rentals in the city has been shrinking over the past few years.

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