Although New York City has been known to have tiny apartments, a new development called 'Carmel Place' is the Big Apple's first official micro-apartment complex. To qualify as a micro-apartment, the unit's square footage must be under 400 square feet, and Carmel Place offers apartments between 260 to 360 square feet.
The apartments have a neutral, minimal finishings, with plenty of whites, grays and pale wood. To lure prospective tenants, the initial images of the units show modular furniture -- like sofa beds and extendable dining tables -- that will be made available with each apartment. Other apartment throw-ins include high-end Italian furniture, a housekeeping service, Wi-Fi and cable.
Despite its small frame, Carmel Place offers tenants rent prices that are comparable to New York City studio apartment, as well as the inclusion of more luxurious amenities.
Key Themes Behind This Trend
- Micro-apartments
- Developing micro-apartments that offer luxurious amenities at studio apartment prices.
- Modular Furniture
- Creating modular furniture for micro-apartments that is functional and space-saving.
- Minimalistic Design
- Designing minimalistic micro-apartments that maximize living space and invoke a feeling of spaciousness.
Where This Applies
- Real Estate
- Real Estate developers can take advantage of the trend towards micro-apartments and the need for affordable housing solutions in crowded cities.
- Furniture
- Furniture manufacturers can develop modular furniture that is affordable, space-saving, and functional for micro-apartments.
- Interior Design
- Interior designers can create minimalistic designs that maximize functionality while also invoking a sense of spaciousness and luxury in micro-apartments.
