Thursday, April 21, 2016

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Dorms for Adults Is a Trend Gaining Steam

Cities such as New York, San Francisco, and Washington, D.C., have been seeing an explosion of micro apartments—units ranging from 175 square feet for a studio to 550 square feet for a one- or two-bedroom—in an effort to combat skyrocketing rents for larger spaces. But many of these apartments are now coming with new social layers that foster more community among residents.
Closer Together
So-called coliving apartment complexes, where units typically start around $1,800, feature shared kitchens and lounges for potluck dinners and movie nights—a veritable dorm hall for adults. But is this a lasting trend that young adults will embrace as a means to move into an affordable home?
Many of these buildings are trying to attract resident with services that often come with luxury properties, such as maid service. What's the future of this trend? Find out in our article, "Will Renters Embrace the Adult Dorm Trend?"
—REALTOR® Magazine

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