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by nubbins
2108 days ago
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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 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. |
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457 sf @ $2,245, vs 636 Sq Ft @ $2,405. That’s 40% more space for 7% more per month.