Did you know that there are developers in Denver building micro-apartments in order to combat the super-low vacancy and rising rental rates that the Mile High City is currently experiencing?
According to 5280 Magazine:
"Bad news, apartment shoppers: That big, cheap, centrally located place you're looking for only exists in Friends reruns. With Denver boasting some of the country's fastest-rising rents, most tenants aren't able to get everything they want. Thanks to developers' new fling with microapartments, though, œcheap and centrally located is getting easier to come by.
In September, Turntable Studios debuted 168 efficiency units (rendering above)each 339 square feetinside the old VQ Hotel, the circular building near Sports Authority Field at Mile High. Tenants get a close-to-downtown pad starting at $885 a month. (The average efficiency in Denver County is $1,057.) The developer, Denver's Nichols Partnership, gets more bang for its buck since smaller units reap more per square foot, according to a 2014 Urban Land Institute study. Nichols isn't the only developer going small.
At LoHi's Eliot Flatswhere some 380- to 390-square-foot apartments will rent for less than $1,000 when they're finished in Januarydevelopers hope to trade on millennials' desire for green homes. The units will feature smart water heaters and thermostats that default to an efficient setting when residents are away."
We think this is a trend that is well-timed in the Denver area - especially as the Live Leasing Team reports that affordable rentals are super hard to find and secure, no matter what neighborhood renters are looking in, but especially in popular 'hoods like LoHi, Jefferson Park and Highlands.
But, it does beg the question...could you live in less than 400 square feet?
5280 Magazine asked some local designers for tips on making the most of a micro-sized apartment, but we thought we would take it a step further and curated a Pinterest board full of awesome ideas and products for living MICRO - these would also be really great if you are thinking of moving into a home with small rooms (like a Victorian) or building or downsizing to a tiny house (they are all the rage, you know)!
Socials