Micro Apartments, is Madison, WI ready for them?
We found an interesting article on micro apartments on National Real Estate Investor. The apartments range in size from just 300 square feet to 500 SF. Often times, Micro Apartments share amenities such as a communal chef, kitchens and roof top gardens. With such a young and vibrant millennial and high tech demographic in Madison, these sure seem like a product category that could get some legs in this city.
FREE Commercial Real Estate Broker
Recommendations from Lighthouse CRE
Receive your customized recommendations of the top 3 commercial brokers out of 538 Wisconsin commercial real estate brokers. Matched specifically to your needs.
Micro Apartments are Simple and Efficient
Micro Apartments are simple and efficient because common needs are often shared among other apartment owners. Think about it… Have you ever shared a table with a stranger? Coffee shops like Colectivo embrace the idea of sharing tables with strangers, and we don’t think it is far behind that renters will embrace sharing kitchens and other amenities. Best of all, if done right, it should make renting far more affordable for recent college grads and others that may not have Epic pay checks.
Other shared amenities may include rooftop terraces, fitness centers, pools, and restaurants.
They May Be Small, But That Doesn’t Have to Mean Poorly Finished
Many of the new and exciting Micro Apartments often have great amenity packages. Think granite counter tops, breath taking views, high end appliances, and quality heating and cooling systems for all year comfort. Finally, the lower SF allows renters to save on total rent, while leaving a little extra to make the space unique to one’s own tastes.
Micro Apartment Communities Often Times Have Maximum Amenities
Let’s face it, cities like Madison, WI have some many amazing things to do ALL YEAR LONG! Think Farmer’s Markets, Live Concerts, Bars, Restaurants, Ironman, Badger Sports, and so much more. Why not live in a smaller, more efficient space, and maximize your time outside of your apartment? Living so close to so many great amenities, is sure to reward your soul, get you out and about, a fill your life with the zest of life.
So what do you think? Do you want to see Micro Apartments come to Madison, WI?