HONEY, I SHRUNK THE APARTMENTS
Average New Unit Size Declines 9.7%
From 2010-2014 average unit sizes decreased 7.6% compared to units delivered between 2000 and 2009. However, apartments built in the latter half
of the most recent decade (2015-2019) shrunk only an additional 2.2% compared to those built between 2010 and 2014. The second portion of the decade gives us a lot to unpack; despite the overall decrease, this trend is no longer consistent across metros, market
cost levels, or unit types.