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Maybe people in middle America already have enough space to not feel pinched so that extra space is viewed as an amenity not a huge factor that they demand? In
by nubbins 6y ago
Maybe people in middle America already have enough space to not feel pinched so that extra space is viewed as an amenity not a huge factor that they demand? In my experience in denser high COL areas space is priced basically linearly on the margin. In NYC going from 1 br to 2 br can significantly affect your quality of life so people are willing to pay an extra $1000.
- Retric 6y agoYou see the same thing in NYC: https://www.apartments.com/295j-jersey-city-nj/dspz8fj/ https://www.apartments.com/295j-jersey-city-nj/dspz8fj/ 457 sf @ $2,245, vs 636 Sq Ft @ $2,405. That’s 40% more space for 7% more per month.