Future apartments are getting bigger. RentCafé says new-build apartments in suburbs like McKinney, Lewisville, and Irving are growing in size. Three words explain why: Work from home.
How much bigger are they? About “one small home office bigger,” according to RentCafé.
Doug Ressler, manager of business intelligence at Yardi Matrix, says the pandemic significantly accelerated issues already on designers’ minds like the rise of the home as a workspace and an emphasis on health and well-being.
In McKinney, apartment space is ballooning with current construction is averaging 1,015 square feet per apartment, a full 98 square feet bigger than in the past five years. Lewisville and Irving apartments are also growing, though not by as much.
In 96 cities in the study, RentCafé found 36 percent have trended towards larger apartments in the last five years. 51 percent are upsizing two-bedroom units. For the study, researchers analyzed construction data for projects built between 2010 and 2020, then compared it with projects under construction as of last month.
The numbers tell a different story for local big-city WFHers: Dallas apartments being built this year are 17 square feet smaller than the 913-square-foot average from 2016 to 2020. Fort Worth flats have shrunk by 36 square feet from an average of 922. So if you work remotely, you may want to consider the ‘burbs.
Texas was also ranked as one of the best for teleworkers (No.8), per a recent study by Wallet Hub. Renters who work from home can “look forward to finding larger apartments available in the near future,” according to Candy’s Dirt.
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